Property Location

61 Sherwood Lane SE, Marietta GA 30067

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List Price $849,900
Units 1
Est. Cap Rate 0.7%
Est. Cash-on-Cash -21.1%
Price / Unit $849,900
Est. Year 1 Cash Flow $-44,807 after debt service
61 Sherwood Lane SE Marietta, GA 30067
FMLS IDX Data last updated: August 2, 2026 at 9:46 PM EST
ACTIVE
Property Description
PROPERTY AVAILABLE ON MARKET ONLY FOR A LIMITED TIME! Builder/Developer Opportunity with NO HOA! - 1.082 Acres in Prime East Cobb Location! Tear down quote for $31,400 for house and $5k for vinyl pool and a rough grade afterwards with seed and straw. Sewer not available. Gas, water, and electric already running to the house with septic tank in place. Located near Paper Mill and Johnson Ferry, this rare 1.082-acre sloped lot offers exceptional potential for a custom luxury build in one of East Cobb's most prestigious areas. The property has already been cleared of trees, providing a head start for development, and the natural elevation allows for creative architectural design-ideal for homes with walk-out basements or multi-level layouts. An existing 4-bedroom, 2.5-bath structure with unfinished basement sits on the lot and could be renovated, expanded, or removed to make way for new construction. Surrounded by high-end homes and zoned for award-winning schools, this site is just minutes from fine dining, shopping, the Chattahoochee River National Recreation Area, Atlanta Country Club (ACC), and hiking. Opportunities like this are increasingly rare-don't miss your chance to build in one of Cobb County's most sought-after neighborhoods! Pool not in useable condition. The house across the street will be 16k sqft and worth approx. $6M once completed.
Investment Notes — Marietta
  • Located in the Marietta, GA area
  • Value-add opportunities typically exist through management, renovations, or operational improvements
  • Rental demand and achievable rents vary significantly by submarket — local market verification is recommended
  • Actual cash flow depends on occupancy, expenses, financing, and current market conditions
Professional Investment Analysis

Modeled from FMLS data + Atlanta metro baselines where listing data is incomplete

Price per Unit $849,900 Verified
Est. Cap Rate 0.72% Modeled
Est. Cash-on-Cash -21.09% Modeled
Est. Gross Income $13,824 Modeled
Est. NOI $6,083 Modeled
Est. Year 1 Cash Flow $-44,807 after debt service (25% down / 7% / 30-yr) Modeled
Confidence scores included Latest FMLS data Transparent modeling
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Modeled Estimate

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51%
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30 yrs
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Effective Gross Income
Operating Expenses
Net Operating Income (NOI)
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Jeff’s Investment Take

Further review recommended before moving forward.

Est. Cap0.7%
Est. CoC-21.1%
Important Investment Disclaimer
Important Investment Information

Actual MLS Cap Rate is used when present. Gross Income uses rent roll or MLS Gross Income when available, otherwise modeled. Operating expenses use an all-in ratio by property size. Cash-on-cash assumes 25% down, 7% interest, 30-year amortization. All figures are for screening only — verify with current rent roll and expenses.

Some figures shown on this page are estimated because complete rent-roll or operating data was not provided in the listing. Estimated values are clearly marked.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7811126 · Listing courtesy of REMAX Around Atlanta, Lily Stevens · 303-590-8439

IDX Information Provided by Jeff Crowe · jeffcrowe@c21theavenues.com
FMLS · Updated Daily