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$710,000

For Sale - Active
75 Spring Ridge Ct, Newnan, GA 30265
4 Beds
3.5 Baths
3,431 Square Feet
0.00 Acres Lot
Built in 1989
For Sale - Active
Units n/a
Checked: 20 hours ago
Updated: Sep 02, 2025 at 10:07AM

Investment Summary


Monthly Cash Flow
-$1,417
Cap Rate
3.8%
Cash-on-Cash Return
-10.4%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-6.1%

Property Description


0.00 Acres Lot
Built in 1989
For Sale - Active
Units n/a

Welcome to 75 Spring Ridge Court in Newnan, a beautiful lakefront home in the highly desirable Springwater Plantation community. Nestled on a quiet cul-de-sac, this property offers stunning year-round views of the private lake and access to neighborhood amenities including community docks, gazebos, and a playground. Inside, this traditional two-story home offers a functional and inviting layout. The main level features a spacious family room with fireplace, open to a bright dining area overlooking the water. A large kitchen with abundant cabinet storage, pantry space, and a center island provides plenty of room for cooking and gathering. Off the kitchen, you'll find a breakfast nook that opens to the back deck with sweeping lake views. The home offers four bedrooms and two-and-a-half bathrooms. The primary suite upstairs includes tray ceilings, a walk-in closet, and an ensuite bath with double vanity, soaking tub, and separate shower. Secondary bedrooms are generously sized and share a full hall bath. A main-level powder room is conveniently located for guests. Additional features include a two-car garage, laundry room, and plenty of closet/storage space throughout. Outdoor living is a highlight here - the back deck and yard provide an unmatched setting for entertaining, relaxing, or simply enjoying the tranquil water views. Buyers will appreciate the location within the sought-after Northgate High School district, along with proximity to White Oak Elementary and Arnall Middle. Springwater Plantation is known for its established charm, tree-lined streets, and convenient access to shopping, dining, and recreation. Nearby attractions include Ashley Park, with its wide variety of restaurants, shops, and entertainment, as well as parks, golf courses, and medical facilities such as Piedmont Newnan Hospital. Quick access to I-85 makes commuting to Atlanta or Hartsfield-Jackson International Airport simple and convenient. If you've been searching for a home that combines lakefront living, an established community, and top-rated schools, 75 Spring Ridge Court offers it all. Schedule your private showing today.

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Location


Property Details


Parking

  • Description: Attached, Garage Door Opener, Garage, Kitchen Level, Side/Rear Entrance
  • Details: Attached, Garage, Garage Door Opener
  • Garage Spaces: 3
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.5

Interior Features

  • # of Rooms: 6
  • # of Stories: 2
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • HOA Fee: $510/annually

Land Information

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

Lot Information

  • Parcel ID: 1086024030
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Brick 4 Side, Traditional
  • Year Built: 1989

Tax Information

  • Annual Tax: $5,140

Utilities

  • Water & Sewer: Private, Public, Well
  • Heating: Central, Heat Pump, Zoned
  • Cooling: Ceiling Fan(s), Central Air, Zoned

Location

  • County: Coweta

Listing Details


Listed by:
Aaron Moen
Keller Williams Realty
(404) 541-3500

Source:
Georgia MLS
MLS#: 10586046
Georgia MLS

Investment Summary


Monthly Cash Flow
-$1,417
Cap Rate
3.8%
Cash-on-Cash Return
-10.4%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-6.1%

Purchase Details

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Purchase price:
$710,000
Amount financed:
-$568,000
Down payment:
$142,000
Closing costs:
$21,300
Rehab costs:
$0
Initial cash invested:
$163,300
Square feet:
3,431
Cost per square foot:
$207
Monthly rent per square foot:
$1.14

Financing Details

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Loan amount:
$568,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,637
Property tax:
$428
Insurance:
$273
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,338

Operating Income

Find a Property Manager

% 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: (11%)
11%-$428-$5,140
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%-$43-$516
Total operating expenses: (37%)
37%-$1,446-$17,356

Cash Flow


Monthly Yearly
Net operating income:
$2,220 $26,640
Mortgage payments:
-$3,637 -$43,644
Cash flow:
$1,417 $17,004