Active$142,500
3 bd2 ba1,640 SFSingle-family home
59 Graham Drive SW
Cave Spring, GA 30124 · 54 days listed
FMLS #7822269 · Listing Provided By Bennett Realty Partners · 770-892-6411
Pending48 days listed
79 Mill St, Cave Spring, GA 30124
- 4bd
- 3ba 0
- 1.24ac lot
FMLS #7835198 · Listing Provided By Drake Realty, Inc · 770-565-2044 · Listing agent Sandi Smith
About this home
Investor Alert! Two houses on one large parcel totaling 1.24 acres of beautiful Cave Spring land! Original 1930 farmhouse can be enjoyed as is but a face lift would make it shine! 2 bedrooms, 1 bath totaling 940 sq ft on this one. Second home on the property was built in the 1960's and current owners have invested money into this property as well by taking it down to the studs and getting it ready for a remodel. Bring your creativity and get these houses ready for a weekend getaway spot, or short term/long term rentals. Ideal spot located on the Pinhoti Trail and also in the City of Cave Spring.
How this list price compares in Cave Spring
- List price is 57% below the Cave Spring median list price of $254,950 (10 homes).
- Compared with 10 single-family homes in Cave Spring: 57% below the median of $254,950.
- All 10 homes for sale in Cave Spring, GA.
- 423 homes for sale in Floyd County.
Figures are list prices from current FMLS IDX inventory (Active, Active Under Contract and Pending), not sales prices or appraisals.
Home facts
- Property type
- Single-family home
- Status
- Pending
- Bedrooms
- 4
- Full baths
- 3
- Lot size
- 1.24 acres
- Year built
- 1930
- Levels
- One
- Main-level bedrooms
- 4
- Parking
- Driveway
- Basement
- Crawl Space
- Style
- Bungalow
- Construction
- Other
- Roof
- Metal
- Flooring
- Other
- Cooling
- Ceiling Fan(s), Window Unit(s)
- Appliances
- Electric Range, Refrigerator
- Lot
- Back Yard, Front Yard
- HOA
- No
- Annual tax
- $732 (2025)
- County
- Floyd
Assigned schools
As reported in the listing. Verify with the school district.
Payment estimate
Estimate the monthly payment
Prefilled with the list price of $109,900 and this week's average rate. Change anything to see your number.
Estimated monthly payment
$907/mo
- Principal and interest
- $679
- Property tax
- $61
- Home insurance
- $125
- Mortgage insurance
- $41
- HOA dues
- $0
- Loan amount
- $98,910
- Cash down
- $10,990
This is an estimate only. Not a lender, not a loan offer and not a rate quote. Rates: Freddie Mac PMMS weekly average for 2026-10-22: 30-yr 7.32%, 15-yr 6.68%. Tax uses the annual tax amount in the listing; insurance assumes $1,500 a year. Conventional adds 0.5% a year mortgage insurance under 20% down; FHA uses 3.5% minimum down, a 1.75% upfront premium financed and 0.55% a year MIP; VA adds a 2.15% funding fee financed under 5% down and no monthly MI. Talk to a licensed lender for a real quote.
Similar homes for sale in Cave Spring
Active
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FMLS #7829439 · Listing Provided By Drake Realty, Inc · 770-565-2044
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3 bd4 ba2,436 SFSingle-family home
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FMLS #7812365 · Listing Provided By Keller Williams Realty Northwest, LLC. · 706-235-1515
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FMLS #7831591 · Listing Provided By Berkshire Hathaway HomeServices Georgia Properties · 770-719-9400
Questions about this home
How do I schedule a showing of this home?
Use the "Ask about this home" form on this page and include the days and times that work for you. Jeff Crowe will follow up to set up a showing.
How do I get more information about this listing?
Send your question through the form on this page. Listing details come from FMLS and are provided by Drake Realty, Inc, so confirm them before making an offer.
Is this home still available?
This page shows the status reported in FMLS (Pending) as of the last update. Status can change quickly, so ask through the form to confirm before you tour.
How is the monthly payment estimate calculated?
It uses the list price, an average mortgage rate, the tax amount in the listing (or an estimated tax rate when none is given), estimated insurance and any HOA dues in the listing. It is an estimate only, not a loan offer. Talk to a licensed lender for a real quote.
Where can I see similar homes for sale in Cave Spring?
See the similar homes section on this page, or browse all homes for sale in Cave Spring, GA.
Beyond homes
Also exploring Georgia investment real estate?
Jeff Crowe is a local, full-service agent with CENTURY 21 The Avenues who also works with buyers and sellers of apartment buildings, churches, commercial property and land across Georgia. The pages below are other property types and investor research, separate from this home listing.
Other property types for sale
- apartment complexes for sale in GeorgiaApartment buildings and complexes for sale across Georgia.
- multifamily investment properties in GeorgiaDuplexes to large complexes, with screening cap rates on each building.
- churches for saleChurch buildings and sanctuaries for sale statewide.
- churches for sale in AtlantaChurch buildings for sale in Atlanta.
- Georgia warehouse buildings for saleWarehouse and distribution buildings for sale.
Investor research and tools
- Georgia multifamily cap ratesMedian screening cap rates on Georgia and Atlanta apartment asks, with sample sizes.
- NOI for apartment buildingsHow NOI is built on an apartment building, line by line, and where listing NOI goes wrong.
- DSCR explained for multifamilyDSCR loans for apartment buildings: the 1.25x test, what lenders size on, and Georgia asks.
- what a good cash-on-cash return isCash-on-cash return on apartment buildings: the formula, a worked deal, and Georgia asks at today's rates.
- capitalization rate calculatorBuild NOI from rents and expenses, then solve for cap rate, price, or value.
- cash-on-cash return calculatorRent roll, expenses and the loan in one model: NOI, DSCR, cash-on-cash, cash flow, PDF.
Thinking about a rental or a building instead? Send Jeff a message.
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