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$750,000

For Sale - Active
70 Parkside Cir, Marietta, GA 30068
4 Beds
0 Baths
2,906 Square Feet
0.00 Acres Lot
Built in 1992
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jun 12, 2025 at 03:55AM

Investment Summary


Monthly Cash Flow
-$1,687
Cap Rate
3.4%
Cash-on-Cash Return
-11.7%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-7.4%

Property Description


0.00 Acres Lot
Built in 1992
For Sale - Active
Units n/a

Welcome home to this beautiful 4 bedroom, 3.5 bathroom residence in the sought-after Riverside at Mulberry Farms community! From the moment you step into the 2-story foyer, you'll be impressed by the space and versatility this home offers. A flexible front room-perfect as a sitting area, office, or playroom-flows into the separate dining room, ideal for entertaining. The kitchen features white cabinetry, stone countertops, a pantry, and a sunny breakfast area overlooking the fireside family room, complete with built-in bookshelves. A convenient half bath rounds out the main level. Upstairs, the spacious primary suite is a true retreat with vaulted ceilings, a large walk-in closet, and a spa-like ensuite bath offering double vanities, a whirlpool tub, and a separate glass-enclosed shower. Two additional bedrooms share a full bath, and the laundry room is also located on this level for convenience. The finished basement expands your living space with a large bonus room, a bedroom, and a full bathroom-perfect for guests, a home gym, or media room. Enjoy outdoor living year-round from the glass-enclosed porch, which leads to a lower-level patio and fenced backyard. Additional highlights include an attached 2-car garage and location in the top-rated Walton High School district. Just minutes from fantastic shopping, dining, and everything East Cobb has to offer! Don't miss this incredible opportunity! **Seller to offer $20k towards buyer's closing costs, buy down rate, improvements, down payment, etc. with all reasonable offers**

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Location


Property Details


Parking

  • Description: Attached, Garage, Garage Door Opener, Kitchen Level, Level Driveway
  • Details: Attached, Garage
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 3
  • Basement: Yes
  • Basement Description: Exterior Entry, Finished, Interior Entry
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood
  • Foundation: Slab
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • HOA Fee: $300/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 01014800790
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1992

Tax Information

  • Annual Tax: $6,128

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air, Natural Gas, Zoned
  • Cooling: Ceiling Fan(s), Central Air, Zoned

Location

  • County: Cobb

Listing Details


Listed by:
Janice Overbeck
Keller Williams Realty Atlanta North
(770) 509-0700

Source:
Georgia MLS
MLS#: 10515626
Georgia MLS

Investment Summary


Monthly Cash Flow
-$1,687
Cap Rate
3.4%
Cash-on-Cash Return
-11.7%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-7.4%

Purchase Details

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Purchase price:
$750,000
Amount financed:
-$600,000
Down payment:
$150,000
Closing costs:
$22,500
Rehab costs:
$0
Initial cash invested:
$172,500
Square feet:
2,906
Cost per square foot:
$258
Monthly rent per square foot:
$1.34

Financing Details

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Loan amount:
$600,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,842
Property tax:
$511
Insurance:
$273
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,626

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,900 $46,800
Vacancy loss: (6%)
6% -$234 -$2,808
Operating income:
$3,666 $43,992

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$511-$6,128
Insurance: (7%)
7%-$273-$3,276
Property management: (8%)
8%-$312-$3,744
Repairs & maintenance: (5%)
5%-$195-$2,340
Capital expenditures: (5%)
5%-$195-$2,340
HOA fees: (1%)
1%-$25-$300
Total operating expenses: (39%)
39%-$1,511-$18,128

Cash Flow


Monthly Yearly
Net operating income:
$2,155 $25,860
Mortgage payments:
-$3,842 -$46,104
Cash flow:
$1,687 $20,244