298 Cypress Point Circle, Leesburg, GA 31763
Local realty services provided by:ERA All In One Realty
Listed by:
- Lacey McCarty(229) 886 - 9701ERA All In One Realty
Office: era all in one realty
MLS#:169201
Source:GA_SWGBR
Price summary
- Price:$95,000
- Price per sq. ft.:$57.58
About this home
Income-producing waterfront property with upside potential! This tenant-occupied 3BR/2BA home sits on approximately 0.61 acres along Kinchafoonee Creek and currently rents for $850/month to a long-term tenant of approximately 10 years. The current owner has intentionally kept rent below market value in consideration of the tenant's long occupancy, creating an opportunity for future income growth. Seller records reflect approximately $10,200 in annual gross rental income and nearly $9,000 in net operating income over the past year. The spacious floor plan features a large living room with vaulted ceilings and fireplace, an oversized kitchen addition with abundant cabinetry and counter space, a large mudroom/laundry room with separate exterior entrance, and a split-bedroom layout. The primary suite offers dual walk-in closets, double vanities, a garden tub, and separate shower. Additional features include a huge screened rear porch, covered front porch, concrete skirting, metal roof, and scenic frontage along Kinchafoonee Creek. While the home could benefit from cosmetic updates and some TLC, it presents a compelling value-add opportunity for investors seeking immediate cash flow with future upside. Similar properties in the area may support higher rental rates, particularly after improvements, allowing a new owner to potentially increase cash flow while building long-term equity. Affordable income-producing properties with waterfront features and proven rental history are increasingly difficult to find. Don't miss this opportunity....
Contact an agent
Home facts
- Year built:1995
- Listing ID #:169201
- Added:18 day(s) ago
- Updated:June 05, 2026 at 03:20 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Carpet, Vinyl
- Kitchen Description:Stove/Oven Electric
- Living area:1,650 sq. ft.
Structure and exterior
- Year built:1995
- Building area:1,650 sq. ft.
- Lot area:0.61 Acres
- Lot Features:Flood Zone
- Architectural Style:Mobile Home
- Exterior Features:Porch Covered
- Levels:1 Story
Finances and disclosures
- Price:$95,000
- Price per sq. ft.:$57.58
- Tax amount:$541 (2025)
Features and amenities
- Amenities:Split Floor Plan
New listings near 298 Cypress Point Circle
- New
$342,900Active5 beds 3 baths2,334 sq. ft.104 Winchester Drive, Leesburg, GA 31763
MLS# 10782061Listed by: Southern Luxury Group Realty - New
$156,000Active4 beds 3 baths2,522 sq. ft.199 Story Lane, Leesburg, GA 31763
MLS# 169316Listed by: NORRIS BISHOP REALTY, LLC - New
Listed by ERA$309,900Active4 beds 2 baths1,868 sq. ft.145 Jarrett Drive, Leesburg, GA 31763
MLS# 169309Listed by: ERA ALL IN ONE REALTY - New
$243,900Active4 beds 3 baths1,881 sq. ft.103 Southill Drive, Leesburg, GA 31763
MLS# 169310Listed by: EXP REALTY LLC - New
Listed by ERA$415,000Active4 beds 2 baths2,200 sq. ft.156 Pheasant Drive, Leesburg, GA 31763
MLS# 169307Listed by: ERA ALL IN ONE REALTY - New
Listed by ERA$489,900Active5 beds 4 baths4,278 sq. ft.146 Hank Drive, Leesburg, GA 31763
MLS# 169306Listed by: ERA ALL IN ONE REALTY
Listed by ERA$537,900Pending3 beds 4 baths2,717 sq. ft.101 Browning Court, Leesburg, GA 31763
MLS# 169305Listed by: ERA ALL IN ONE REALTY- New
$299,900Active3 beds 2 baths1,726 sq. ft.148 Linden Road W, Leesburg, GA 31763
MLS# 169302Listed by: KELLER WILLIAMS REALTY GEORGIA COMMUNITIES - New
Listed by ERA$245,000Active3 beds 2 baths1,713 sq. ft.125 Summerfield Drive, Leesburg, GA 31763
MLS# 169301Listed by: ERA ALL IN ONE REALTY - New
$238,900Active3 beds 2 baths1,492 sq. ft.238 Long Pine Drive, Leesburg, GA 31763
MLS# 169288Listed by: NORMAN & NORMAN REALTORS