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$235,000

For Sale - Active
1098 Cascade Cir SW, Atlanta, GA 30311
2 Beds
1 Bath
1,023 Square Feet
0.00 Acres Lot
Built in 1940
For Sale - Active
1 Units
Checked: 4 hours ago
Updated: Aug 21, 2025 at 03:22AM

Investment Summary


Monthly Cash Flow
-$373
Cap Rate
4.2%
Cash-on-Cash Return
-8.3%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-4.0%

Property Description


0.00 Acres Lot
Built in 1940
For Sale - Active
1 Units

Discover this charming, updated 2-bedroom, 1-bathroom home with a spacious private yard, perfectly situated just minutes from downtown Atlanta. Updates include gleaming hardwood floors, fresh paint throughout, updated light fixtures, new hardiplank siding, new windows and more! Crown molding adds a touch of sophistication, while numerous new double-pane windows fill the space with natural light. Enter into the heart of the home, the spacious living room with a cozy fireplace, and a large arched doorway leading to the dining room for that open-concept feel. The updated kitchen is equipped with granite countertops and stainless steel appliances. A bonus room offers flexibility, ideal for an office or additional living space. Additionally, an unfinished basement accessible from both inside and outside provides extra storage space and houses the laundry area. Outside, the spacious back deck is perfect for outdoor entertaining, with stairs leading to a private, lush backyard surrounded by trees for added tranquility and privacy. Nestled a couple of blocks away from the John A. White Golf Course, Park and Outdoor Pool, this residence offers easy access to recreational activities and is only a five-minute drive from the lively Lee + White area on the BeltLine. With grocery stores and shops just a mile away and convenient proximity to Marta and major highways, commuting is effortless. This delightful home is an ideal retreat for those seeking serenity with the convenience of city living. Don’t miss the chance to make it your own!

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Location


Property Details


Parking

  • Description: Parking Pad
  • Details: Driveway, Parking Pad
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Exterior Entry, Interior Entry
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood
  • Foundation: Block
  • Roof Material: Composition

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 14017000010137
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1940

Tax Information

  • Annual Tax: $3,278

Utilities

  • Water & Sewer: Public
  • Heating: Central, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Fulton

Listing Details


Listed by:
Robert Clarkson
Century 21 Connect Realty
(770) 640-6800

Source:
First Multiple Listing Service (FMLS)
MLS#: 7591736
First Multiple Listing Service (FMLS)

Investment Summary


Monthly Cash Flow
-$373
Cap Rate
4.2%
Cash-on-Cash Return
-8.3%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-4.0%

Purchase Details

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Purchase price:
$235,000
Amount financed:
-$188,000
Down payment:
$47,000
Closing costs:
$7,050
Rehab costs:
$0
Initial cash invested:
$54,050
Square feet:
1,023
Cost per square foot:
$230
Monthly rent per square foot:
$1.56

Financing Details

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Loan amount:
$188,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,204
Property tax:
$273
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,589

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,600 $19,200
Vacancy loss: (6%)
6% -$96 -$1,152
Operating income:
$1,504 $18,048

Operating Expenses


% Rent Monthly Yearly
Property taxes: (17%)
17%-$273-$3,278
Insurance: (7%)
7%-$112-$1,344
Property management: (8%)
8%-$128-$1,536
Repairs & maintenance: (5%)
5%-$80-$960
Capital expenditures: (5%)
5%-$80-$960
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (42%)
42%-$673-$8,078

Cash Flow


Monthly Yearly
Net operating income:
$831 $9,972
Mortgage payments:
-$1,204 -$14,448
Cash flow:
$373 $4,476