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$645,000

For Sale - Active
7251 Bluewater Ln, Douglasville, GA 30135
5 Beds
0 Baths
4,084 Square Feet
0.00 Acres Lot
Built in 2007
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: Jul 18, 2025 at 06:19AM

Investment Summary


Monthly Cash Flow
-$1,600
Cap Rate
3.2%
Cash-on-Cash Return
-12.9%
Debt Coverage Ratio
0.52
Internal Rate of Return (5 years)
-8.5%

Property Description


0.00 Acres Lot
Built in 2007
For Sale - Active
Units n/a

Charming Brick Home with Finished Basement in a Sought-After Community! This beautifully maintained brick home offers spacious living, thoughtful updates, and incredible versatility for any lifestyle. Featuring a master on main with a completely remodeled en-suite bath-including a stunning tile shower and separate soaking tub-this home blends comfort and elegance. Enjoy two cozy fireplaces, hardwood floors, a bright keeping room, a breakfast area, and a separate dining room perfect for entertaining. Upstairs, you'll find three additional bedrooms with a Jack-and-Jill bathroom, ideal for kids or guests. The finished basement boasts a private bedroom and full bath, an office, and ample space for a game room, family room, or den, plus generous storage areas. Step outside to a fenced, private backyard, relax on the enclosed deck, and take advantage of the 2-car garage and irrigation system. Located in a well-maintained community with a pool and playground, and just minutes from the interstate-convenience and charm come together in this amazing home! Home is located in the FairPlay community and close to the airport, making travel very convenient! Don't miss your chance to see it-schedule a showing today!

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Location


Property Details


Parking

  • Description: Attached, Garage Door Opener
  • Details: Garage, Kitchen Level
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 0.0

Interior Features

  • # of Stories: 3
  • Basement: Yes
  • Basement Description: Bath/Stubbed, Daylight, Exterior Entry, Finished, Interior Entry, Unfinished
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Masonry
  • Foundation: Block
  • Roof Type: Gable or Hip
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • HOA Fee: $720/annually

Land Information

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

Lot Information

  • Parcel ID: 008203500042
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Brick 3 Side, Traditional
  • Year Built: 2007

Tax Information

  • Annual Tax: $5,325

Utilities

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

Location

  • County: Douglas

Listing Details


Listed by:
Christy Davidson
eXp Realty
(888) 959-9461

Source:
Georgia MLS
MLS#: 10532639
Georgia MLS

Investment Summary


Monthly Cash Flow
-$1,600
Cap Rate
3.2%
Cash-on-Cash Return
-12.9%
Debt Coverage Ratio
0.52
Internal Rate of Return (5 years)
-8.5%

Purchase Details

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Purchase price:
$645,000
Amount financed:
-$516,000
Down payment:
$129,000
Closing costs:
$19,350
Rehab costs:
$0
Initial cash invested:
$148,350
Square feet:
4,084
Cost per square foot:
$158
Monthly rent per square foot:
$0.78

Financing Details

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Loan amount:
$516,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,304
Property tax:
$444
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,972

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (14%)
14%-$444-$5,325
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (2%)
2%-$60-$720
Total operating expenses: (41%)
41%-$1,304-$15,645

Cash Flow


Monthly Yearly
Net operating income:
$1,704 $20,448
Mortgage payments:
-$3,304 -$39,648
Cash flow:
$1,600 $19,200