87 Tolleffs Trl Dahlonega, GA 30533
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About this home
This gorgeous North Georgia cabin combines charm, privacy, and exceptional investment potential — now with the opportunity to subdivide or build up to four additional homes on the property, creating an even more lucrative income-producing opportunity. Nestled on 6 private acres, this property features a half-acre fenced pasture, a rustic 3-stall barn, and serene frontage along Pecks Creek. The 3-bedroom, 2-bathroom home is currently generating $3,200/month in rental income from long-term tenants, providing immediate cash flow for investors. Recent upgrades include a brand-new HVAC system installed in June 2024, offering efficiency and reliability for years to come. Whether you envision this property as a mini farm, a short-term rental retreat, or a multi-home compound, the possibilities are truly endless. Located just minutes from downtown Dahlonega and GA 400, this property offers the perfect balance of country tranquility and everyday convenience. With no HOA or restrictions, you can bring your horses, chickens, or dogs and fully embrace the North Georgia lifestyle. The surrounding area continues to thrive with growth, supported by the nearby University of North Georgia, NGPG Inpatient Medicine, and the proposed GA 400 extension, all of which contribute to a strong outlook for future property values. Owner Financing Available! The sellers are open to owner financing with a substantial down payment, creating an excellent opportunity for buyers seeking flexibility or long-term investment potential. Whether you’re an investor, developer, or simply searching for your dream North Georgia homestead, 87 Tolleffs Trail offers unmatched versatility, charm, and opportunity.
Source: FMLS #7659753
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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