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Property Location

141 Fort Wayne Court, Waleska GA 30183

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List Price $34,900

Units 1

Price / Unit $34,900

Est. Year 1 Cash Flow +$5,437 after debt service

141 Fort Wayne Court Waleska, GA 30183

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

ACTIVE

Discover the opportunity to build your dream home in the highly sought-after Lake Arrowhead community in Waleska, Georgia—one of North Georgia's premier gated lake and golf communities located just one hour north of Atlanta. This beautiful wooded homesite offers privacy, natural beauty, and the flexibility to build on your timeline with no required build date. Bring your own builder or select from Lake Arrowhead's approved custom home builders to create the perfect mountain, lake, or craftsman-style retreat. Life in Lake Arrowhead is centered around recreation, relaxation, and stunning natural surroundings. Residents enjoy a 540-acre private lake ideal for boating, fishing, kayaking, and paddleboarding, along with a marina, lakeside parks, and breathtaking mountain views. Community amenities include an 18-hole championship golf course, clubhouse with restaurant and bar, two resort-style swimming pools, tennis and pickleball courts, and miles of scenic hiking and walking trails. With 24-hour gated security, a vibrant social atmosphere, and year-round outdoor activities, Lake Arrowhead offers a unique lifestyle that combines mountain living, lake living, and golf course living in one exceptional community. Whether you're planning a full-time residence, second home, or future retirement retreat, this homesite presents an outstanding opportunity to invest in one of Cherokee County's most desirable resort-style neighborhoods. Conveniently located in Waleska, Georgia, with easy access to Canton, Woodstock, Cartersville, and the Atlanta metro area, this property delivers the perfect balance of privacy, recreation, and accessibility.

Investment Notes — Waleska

Located in the Waleska, 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 $34,900 Verified

 Est. Year 1 Cash Flow  +$5,437  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 Waleska. 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: 7780887 · Listing courtesy of ERA Sunrise Realty, Jaime Brock · 770-720-1515

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

FMLS · Updated Daily

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