190 Freeman Dr

Ellabell, GA 31308
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3 bd, 2 ba | 2,229 sqft | Built in 1979

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List Price
$369,900

Initial Investment

$100,798

Purchase Price

$369,900

Down Payment

25%

Rent

$3,190

Total Return

$165,619

Annualized Return

23.2%

Cap Rate

7.4%

Gross Yield

10.3%

Cash Flow

$5,943

Appreciation

6.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

102,366

HOA

None

Flood Risk

Not Required

This spacious 4-bedroom, 2-bathroom home, perfect for those seeking comfort & functionality. The living room features a cozy wood burning fireplace. Additional living spaces include a den and formal dining room, offering plenty of room for entertaining guests. The kitchen boasts an abundance of cabinets, providing ample storage for all your culinary needs. Retreat to the large master bedroom with its walk in closing for added convenience. Enjoy outdoor living with a covered patio and screened porch. This property also features a two car carport with a wash station and a large metal shed for storage. The fenced backyard offers plenty of space for gardening or outdoor activities. With No HOA dues or restrictive covenants, this home gives you the freedom you want! The home has its own private septic and well. The windows have all been replaced within the last 7 years. This home is perfect for anyone looking for space, convenience, and charm! Call today!

See more in Analysis
George Meyers
Mia Madison Properties LLC
GA Agent License #336390

Annual Financial Highlights

Expected Rent

$36,366

Expenses

-$6,964

Property Taxes

-$3,350

Loan Payments

-$20,110

Net Cash Flow

$5,943

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Paul Newman
Agent License 292982
Statesboro RE & Investment
Certified Agent Brokerage:George Meyers
Mia Madison Properties LLC
GA Brokerage License 64398
SourceSavannah Multi-List Corporation
MLS #327539
Last Updated: 03/15/2025 00:03
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