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Property Location

LT1-1A Jonica Gap Road, Mineral Bluff GA 30559

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List Price $199,000

Units 1

Price / Unit $199,000

Est. Year 1 Cash Flow $-4,389 after debt service

LT1-1A Jonica Gap Road Mineral Bluff, GA 30559

Data last updated: August 2, 2026 at 9:46 PM EST

ACTIVE

Welcome to WaterStone at Jonica Gap - a gated luxury mountain community where natural beauty and resort-style amenities come together. Lot 1 boasts a generous 2.70 acres with 401.19 feet of frontage on Owenby Creek, its own private gated entrance off of Jonica Gap Road, and is a mostly level lot with lots of cleared pasture. Residents of WaterStone at Jonica Gap enjoy exclusive access to more than 4,100 feet of trout-stocked Owenby Creek. Premium community amenities include a beautifully appointed clubhouse, a sparkling pool, pickleball court, putting green, and scenic creekside gathering spaces with a firepit. WaterStone at Jonica Gap offers the perfect blend of privacy, recreation, and convenience, featuring large estate-sized homesites with fully paved road access, community water, and high-speed fiber internet. Plus, you are just minutes away from the charm of downtown Blue Ridge and the North Carolina border. Imagine waking up each morning to the crisp mountain air and a soothing creek in your backyard, casting a line just steps from your door, and ending the day around the outdoor grills as the cool mountain evenings settle in. Whether you are looking for a full-time residence, a weekend retreat, or a legacy property to enjoy for generations, WaterStone at Jonica Gap is the perfect place to truly experience everything the North Georgia Mountains have to offer.

Investment Notes — Mineral Bluff

Located in the Mineral Bluff, 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

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

Price per Unit $199,000 Verified

 Est. Year 1 Cash Flow  $-4,389  after debt service (25% down / 7% / 30-yr)  Modeled   

Confidence scores included Latest FMLS data Transparent modeling

Starts from list price and unit count. No rent data in this listing — enter your own rent assumptions below. Override any value to model your own scenario.

Assumptions

Purchase Price List Price

Number of Units

Avg Rent / Unit / Month Enter your estimate

Annual Gross Potential Income Editable

Enter rent per unit or total GPI to model returns

Vacancy Rate Estimated

5.0%

Operating Expense Ratio Estimated

46%

Financing

Down Payment Default 25%

25%

Interest Rate Default 7%

Loan Term Years

30 yrs

Projected Returns

Gross Potential Income —

Effective Gross Income —

Operating Expenses —

Net Operating Income (NOI) —

Asking Cap Rate —

Price Per Unit —

Annual Debt Service —

Year 1 Cash Flow —

Cash-on-Cash Return —

Simplified estimates for Mineral Bluff. Actual results depend on real rents, expenses, financing terms, and local market conditions. Service view: Inquire for Details.

Why these numbers can differ from the Metrics Bar & Highlights above

The Metrics Bar and Highlights use the service’s numbers (actual MLS Gross / Opex / NOI / Cap Rate when available, otherwise modeled).
This calculator lets you change every assumption in real time. Once you move any slider or input, the results become your scenario, not the service estimate.
Vacancy, expense ratio, and financing terms here may be more or less aggressive than the service defaults.
Cash flow shown is before income taxes, capital expenditures, and any other non-operating items.

Inquire for Details

Jeff’s Investment Take

Insufficient data for a modeled recommendation. Contact for the rent roll and actuals.

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: 7800022 · Listing courtesy of Engel & Volkers North Georgia Mountains, Vitor Silva · mark@evmountains.com

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

FMLS · Updated Daily

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