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$685,000

For Sale - Active
707 Mill Stone Way, Bremen, GA 30110
6 Beds
4 Baths
4,464 Square Feet
0.00 Acres Lot
Built in 2006
For Sale - Active
Units n/a
Checked: 9 hours ago
Updated: Aug 14, 2025 at 05:31AM

Investment Summary


Monthly Cash Flow
-$1,274
Cap Rate
3.9%
Cash-on-Cash Return
-9.7%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-5.4%

Property Description


0.00 Acres Lot
Built in 2006
For Sale - Active
Units n/a

Beautiful 4-sided Brick home in Bremen City School district! The perfect entertaining backyard is complete with an in-ground saltwater pool, large outdoor kitchen, covered stone patio, and a wood privacy fence around it all. Inside, you'll find a stunning kitchen with custom cabinetry, granite countertops, and stainless steel appliances. Just off the kitchen is a spacious eat-in area with exposed beams, living room with high ceilings, fireplace and a separate dining room. The oversized primary suite has a spacious custom closet, large tile bath with double vanities, beautiful stand alone tub and a stand up shower. Three secondary bedrooms and two full baths are also found on the main level. The fully finished basement features a kitchenette, bedroom, full bathroom, and more living space. Basement also has garage door and plenty of space for storage or workshop. Minutes from Bremen City Schools, shopping, and the interstate.

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Location


Property Details


Parking

  • Description: Garage, Kitchen Level, Side/Rear Entrance
  • Details: Garage, Garage Door Opener, Kitchen Level
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 2
  • Attic: Yes
  • Basement: Yes
  • Basement Description: Exterior Entry, Finished, Full, Interior Entry
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Vinyl siding
  • Roof Type: Gable
  • Roof Material: Composition
  • Pool: Yes

Land Information

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

Lot Information

  • Parcel ID: 0079B0070
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Brick 4 Side, Ranch
  • Year Built: 2006

Tax Information

  • Annual Tax: $5,475

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Haralson

Listing Details


Listed by:
Phillip Waldrop
Flat Rock Realty
(404) 569-9077

Source:
Georgia MLS
MLS#: 10574450
Georgia MLS

Investment Summary


Monthly Cash Flow
-$1,274
Cap Rate
3.9%
Cash-on-Cash Return
-9.7%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-5.4%

Purchase Details

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Purchase price:
$685,000
Amount financed:
-$548,000
Down payment:
$137,000
Closing costs:
$20,550
Rehab costs:
$0
Initial cash invested:
$157,550
Square feet:
4,464
Cost per square foot:
$153
Monthly rent per square foot:
$0.87

Financing Details

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Loan amount:
$548,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,509
Property tax:
$456
Insurance:
$273
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,238

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: (12%)
12%-$456-$5,475
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: (n/a)
n/an/an/a
Total operating expenses: (37%)
37%-$1,431-$17,175

Cash Flow


Monthly Yearly
Net operating income:
$2,235 $26,820
Mortgage payments:
-$3,509 -$42,108
Cash flow:
$1,274 $15,288