$220,000
●
Land -
Off Market
5680 Joyce Lane
Cumming, GA 30040
Studio
0 Bath
$134,244
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model
About This Property
Beautiful level 1 acre lot in North Forsyth! This property is
suitable for a slab home or for a mobile home lot since it is has a
mobile already on the property. The current mobile can be removed
or replaced with another single wide or renovated to make a great
investment property. The mobile home is not livable and it is being
sold for land value. Agricultural A-1 zone property with a single
wide mobile home, which allows it to be grandfathered in with a new
single wide mobile home. 5670 and 5680 Joyce Ln are to be sold
together for a total of $270,000.00
Unit Size
-
Days on Market
-
Land Size
1.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$63
HOA Dues
-
Year Built
1984
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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 #10182775)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 25, 2023 | Sold | ||
| Sold | |||
| Jul 12, 2023 | Listed by Keller Williams Realty Community Partners | $135,000 | |
| Listed by Keller Williams Realty Community Partners | |||
| | |||
|
Beautiful level 1 acre lot in North Forsyth! This property is suitable for a slab home or for a mobile home lot since it is has a mobile already on the property. The current mobile can be removed or replaced with another single wide or renovated to make a great investment property. The mobile home is not livable and it is being sold for land value. Agricultural A-1 zone property with a single wide mobile home, which allows it to be grandfathered in with a new single wide mobile home. 5670 and 5680 Joyce Ln are to be sold together for a total of $270,000.00
| |||
| Mar 10, 2020 | No longer available | - | |
| No longer available | |||
| Feb 20, 2020 | Sold | ||
| Sold | |||
| Nov 20, 2019 | Listed by Keller Williams Community Ptnr | $70,000 | |
| Listed by Keller Williams Community Ptnr | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Beds
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Price/ft²
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Closing Price
Sold On
Sold On
HOA + Taxes
About Forsyth
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Don Frey, Keller Williams Community Ptnr
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 10182775
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 10182775
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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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