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$825,000

For Sale - Active
7985 Thunder River Way, Cumming, GA 30028
6 Beds
4.5 Baths
5,090 Square Feet
0.00 Acres Lot
Built in 1998
For Sale - Active
Units n/a
Checked: 7 hours ago
Updated: Aug 29, 2025 at 10:13AM

Investment Summary


Monthly Cash Flow
-$2,706
Cap Rate
2.2%
Cash-on-Cash Return
-17.1%
Debt Coverage Ratio
0.36
Internal Rate of Return (5 years)
-12.5%

Property Description


0.00 Acres Lot
Built in 1998
For Sale - Active
Units n/a

Beautiful Modern Farmhouse Estate on 1.4 acres at the end of the quietest street in Cumming. This 6 bedroom, 4.5 bath, 4-level home with a pool has been fully refurbished. You'll enjoy the privacy of an iron fenced front and back yard. The rocking chair porch runs the full length of the traditional southern entrance. The main level has newly installed LVP flooring with a formal dining room and arched entrance living room on each side of the stairway entry hall. Continue to the 2-story great room with cathedral ceiling flooded with natural light from floor to ceiling windows and a huge skylight. Built-in cabinetry with access for an entertainment center accents the side wall. The main floor opens to a full deck from the kitchen to the primary suite. The kitchen makes a grand statement with generous white cabinets, double ovens, electric cooktop and a huge granite island with breakfast bar seating on two sides and a wall of windows view to the wooded backyard. A large back counter serves as a butler pantry to the dining room and the garage entrance to the kitchen area has a cabinetry office desk leading to a large laundry and pantry area. The primary suite is on the main level with private access to the back deck and has a relaxing jetted tub, shower, double vanities and a large walk-in closet with custom cabinetry. Upstairs are 2 large bedrooms at the end of the hallway with a full bath and two additional bedrooms, one with a private bath with double vanities. The terrace level has a great room for entertaining with a wall of windows and French Doors that open to the large lower deck. A bedroom and bath and kitchenette complete the lower level ideal for an in-law or teen suite. Here you will also find lots of unfinished storage area. The terrace deck leads to the fenced saltwater pool with a recently updated pebble-tex lining. The pool area deck is ideal for large gatherings and has a lower-level room with sink and fridge for preparing your barbecue parties and storing pool and furniture accessories. There is No HOA. Excellent location with a 20-minute drive to US19/GA-400, Cumming City Center and Halycon Forsyth. Moreover, it is just a one-hour drive to Atlanta Hartsfield-Jackson Airport and Buckhead. Schedule your tour today and make this dream home yours!

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Location


Property Details


Parking

  • Description: Garage, Garage Door Opener, Kitchen Level, Level Driveway
  • Details: Garage Door Opener, Attached, Garage
  • Garage Spaces: 4
  • Spaces Total: 4

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Total): 4.5

Interior Features

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

Exterior Features

  • Exterior Walls Materials: Other
  • Roof Material: Composition
  • Pool: Yes

Land Information

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

Lot Information

  • Parcel ID: 004091
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Country/Rustic
  • Year Built: 1998

Tax Information

  • Annual Tax: $8,254

Utilities

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

Location

  • County: Forsyth

Listing Details


Listed by:
Joe Huggins
Orchard Brokerage, LLC
(844) 515-9880

Source:
Georgia MLS
MLS#: 10584909
Georgia MLS

Investment Summary


Monthly Cash Flow
-$2,706
Cap Rate
2.2%
Cash-on-Cash Return
-17.1%
Debt Coverage Ratio
0.36
Internal Rate of Return (5 years)
-12.5%

Purchase Details

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Purchase price:
$825,000
Amount financed:
-$660,000
Down payment:
$165,000
Closing costs:
$24,750
Rehab costs:
$0
Initial cash invested:
$189,750
Square feet:
5,090
Cost per square foot:
$162
Monthly rent per square foot:
$0.63

Financing Details

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Loan amount:
$660,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$4,226
Property tax:
$688
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,138

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: (21%)
21%-$688-$8,254
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: (n/a)
n/an/an/a
Total operating expenses: (46%)
46%-$1,488-$17,854

Cash Flow


Monthly Yearly
Net operating income:
$1,520 $18,240
Mortgage payments:
-$4,226 -$50,712
Cash flow:
$2,706 $32,472