$430,000
●
Land -
Off Market
2530 Mountain Road
Cumming, GA 30040
Studio
0 Bath
$2,492
Est. Monthly
5.45%
Cap Rate
About This Property
Bring the horses or build your mini farm or family compound! 4 +/-
flat acres with a creek, and a ready-to-customize home in Cumming
GA. Build your Mini farm and enjoy the secluded mountain-like
setting with the convenience of being centrally located in one of
Georgia's top school districts. NO HOA, large outbuilding, another
shed, ample storage options. The 2-bed, 2.5-bath home offers
livable space with potential for expansion or renovation.
Conveniently located near Lake Lanier, hiking trails, GA 400,
shopping, dining. Don't miss out on this rare opportunity in
Cumming! Schedule a viewing today. Please note: Property boundaries
extend beyond what's depicted on online maps. Property can be
divided into no more than 2 lots, ensuring privacy for years to
come in a growing area. No flood insurance needed.
Unit Size
-
Days on Market
-
Land Size
4.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$238
HOA Dues
-
Year Built
1979
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (GAMLS #10244872)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 29, 2024 | Sold | ||
| Sold | |||
| Jan 24, 2024 | Listed by Clareo Real Estate | $459,000 | |
| Listed by Clareo Real Estate | |||
| | |||
|
Bring the horses or build your mini farm or family compound! 4 +/- flat acres with a creek, and a ready-to-customize home in Cumming GA. Build your Mini farm and enjoy the secluded mountain-like setting with the convenience of being centrally located in one of Georgia's top school districts.
NO HOA, large outbuilding, another shed, ample storage options.
The 2-bed, 2.5-bath home offers livable space with potential for expansion or renovation. Conveniently located near Lake Lanier, hiking trails, GA 400, shopping, dining. Don't miss out on this rare opportunity in Cumming! Schedule a viewing today. Please note: Property boundaries extend beyond what's depicted on online maps. Property can be divided into no more than 2 lots, ensuring privacy for years to come in a growing area. No flood insurance needed.
| |||
| Jan 23, 2024 | Sold | ||
| Sold | |||
| Dec 19, 2023 | Listed by Clareo Real Estate | $374,999 | |
| Listed by Clareo Real Estate | |||
| Oct 31, 2013 | Sold | ||
| Sold | |||
Show More
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Type
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Baths
ft²
Price/ft²
Price/ft²
Asking Price
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Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Forsyth
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Listed by: Chad Hull, Clareo Real Estate
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 10244872
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 10244872
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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