312 Covered Bridge Ln Cherry Log, Georgia, 30522-2059
5 bed • 3 bath • 15 guests
Est. $7,861/mo
This property is for sale!
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$179,086
Annual Revenue
This property is projected to be in the top 49% revenue percentile compared to similar properties nearby.
Projected nightly rate is $421/night at 47% occupancy.Projected nightly rate is $696/night at 47% occupancy.
Top 51% of comparables
Top 11% of comparables
Seasonality
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$128,489
Avg annual revenue
47%
Avg occupancy rate
$696
Avg nightly rate
Any type
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Apartment
Any min stay
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Revenue per year
$30k
$105k
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$255k
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$31,563
Profit
Revenue
$179,086
Operating Expenses
$36,961
Operating Income
$142,125
Mortgage & Taxes
$110,562
Profit (Cash Flow)
$31,563
$389,720
Cash Investment
Down Payment
$327,800
Renos & Furnishing
$12,750
Closing Costs
$49,170
Total
$389,720
DSCR Ratio
Strong
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
8.09%
Cap Rate
8.67%
STR Tax Calculator (USA)
Your current annual income
Your income tax rate
Taxes paid on $150,000
$45,000
If you buy this investment property, your est deduction will be...
Deductible mortgage interest
$77,789
Deductible property tax
$16,226
Your total deduction
$168,353
Your adjusted annual income
$150,000 - $168,353 = -$18,353
Taxes on -$18,353 (30%)
-$5,506
Your old tax bill
$45,000
Your new tax bill
-$5,506
Estimated tax savings
$50,506
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
48,352 sqft
Year built:
2015
Size:
3,306 sqft
Type:
SFR
Parking:
-
Heating:
CENTRAL
Sold Comparables
| Address | Beds | Baths | Square Feet | $/SqFt | Lot Size | Year Built | Last Sale | Days on Market |
|---|---|---|---|---|---|---|---|---|
| 340 Martin Xing | 3 | 3 | 1,294 | - | 49,658 | 2015 | $640,000 | 143 |
| 242 Covered Bridge Ln | 3 | 4 | 3,235 | - | 47,480 | 2014 | $1,150,000 | 45 |
| 1426 Cashes Valley Ln | 2 | 2 | 1,200 | - | 34,848 | 2004 | $515,000 | 26 |
| 499 Allgood Rd | - | 3 | 2,490 | - | 47,916 | 1991 | $12,500 | - |
| 811 Prince Mountain Rd | 2 | 2 | 1,544 | - | 129,809 | 1995 | $235,000 | 55 |
| 108 Lower Prince Mountain Rd | 2 | 2 | 1,920 | - | 80,586 | 2001 | $440,000 | 165 |
| 2035 Cashes Valley Rd | - | 1 | 1,516 | - | 1,871,338 | 1989 | $0 | - |
| 166 Mountain View Dr | 3 | 2 | 1,080 | - | 33,541 | 1996 | $400,000 | 167 |
| 67 Allgood Rd | 2 | 2 | 934 | - | 43,124 | 2007 | $435,000 | - |
| 588 Mountain Highlands Ct | 4 | 3 | 1,950 | - | 112,385 | 2001 | $606,000 | 508 |
Property Details
- MLS Status: Active
- Property Use: Single Family Residence
- Stories: 1
- Lot size: 48,352 sqft
- Building area: 3,306 sqft
- Garage: No
- Heating: Central
- Pool: No
- Fireplaces: 0
- Basement: Yes
- Cooling: -
- View: -
- Parking: -
- Amenities: -
- Price per square foot: -
Lot Info
- Zoning: RESIDENTIAL
- Land Use: Residential
- Parcel Number: 0065 0091H
- Flood Zone: No
Tax Info
- Year Assessed: 2022
- Assessed Value: $414,288
- County Est. Land Value: $170,000
- Assessed Land Value: $68,000
- County Est. Structure Value: $865,720
Market Estimate: $639,595
Sale history
| Date | Sale Price | % Financed | Buyer |
|---|---|---|---|
| 07/10/23 | $1,400,000 | 0% | 688 10th Street Llc |
| 08/19/22 | $911,980 | 74% | Josue Benitez, Jennifer Benitez |
| 03/11/22 | $125,000 | 0% | Ts Family Homes Inc |
Ownership
- Name: 688 10th Street Llc
- Owner Occupied: No
- Owner Mailing Address:
- Years Owned: 10
- Home Equity: -
- Mortgage Balance Remaining: $683,985
- Financed amount: -
- Owner Type: Individual
- Lien: No
- Inherited: No
- Foreclosure: No