Active Under Contract$200,000
3 bd2 ba1,128 SFSingle-family home
3429 Rocky Creek Drive
Douglasville, GA 30135 · Rocky Creek · 151 days listed
FMLS #7778854 · Listing Provided By Mark Spain Real Estate · 770-886-9000
Active5 days listed
5154 Gresham Road, Douglasville, GA 30134
- 3bd
- 1ba
- 1,460SF
- 1.72ac lot
FMLS #7857838 · Listing Provided By Ayres Realty Company · 770-948-1238 · Listing agent Rosa R Willis
About this home
5154 &5158 Gresham Road! Two Homes! Income producing property! Live in one and rent the other one or build up your rental portfolio with 2 rentals. Excellent opportunity for investors, builders or experienced renovators! Each home features 3 bedrooms and 1 bath! Must be sold together! 1.72 total lot! New septic in each one! Great location close to I-20, restaurants, entertainment ext.
How this list price compares in Douglasville
- List price is 42% below the Douglasville median list price of $344,450 (588 homes).
- Compared with 519 single-family homes in Douglasville: 44% below the median of $355,000.
- List price per square foot is 14% below the Douglasville median of $159/SF.
- All 588 homes for sale in Douglasville, GA.
- 772 homes for sale in Douglas 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
- Active
- Bedrooms
- 3
- Full baths
- 1
- Living area
- 1,460 SF
- Lot size
- 1.72 acres
- Year built
- 1935
- Levels
- One
- Main-level bedrooms
- 2
- Parking
- Carport
- Style
- Farmhouse
- Construction
- Other
- Roof
- Composition
- Flooring
- Carpet
- Heating
- Other
- Cooling
- Ceiling Fan(s)
- Appliances
- Electric Oven
- Lot
- Back Yard, Level
- HOA
- No
- Annual tax
- $638 (2025)
- County
- Douglas
Assigned schools
- HighLithia Springs
- MiddleChestnut Log
- ElementaryBeulah
As reported in the listing. Verify with the school district.
Payment estimate
Estimate the monthly payment
Prefilled with the list price of $199,900 and this week's average rate. Change anything to see your number.
Estimated monthly payment
$1,489/mo
- Principal and interest
- $1,236
- Property tax
- $53
- Home insurance
- $125
- Mortgage insurance
- $75
- HOA dues
- $0
- Loan amount
- $179,910
- Cash down
- $19,990
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.
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Beyond homes
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Investor research and tools
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- 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.
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