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$319,900

For Sale - Active
1703 Prospect Way, Conyers, GA 30094
3 Beds
0 Baths
1,968 Square Feet
0.00 Acres Lot
Built in 2021
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Jun 26, 2025 at 03:05AM

Investment Summary


Monthly Cash Flow
-$715
Cap Rate
3.5%
Cash-on-Cash Return
-11.7%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-7.3%

Property Description


0.00 Acres Lot
Built in 2021
For Sale - Active
Units n/a

If you are ready to move, this is the one! Incredible move in ready 3-year-old Townhouse in Eastmore Townhomes, END UNIT next to green space! Open concept floorplan that is loaded with upgrades and barely touched, you will think it is a model home! Enjoy the pretty neighborhood from your covered front porch before you walk into your bright open plan which features a great room with marble fireplace, hardwood floors, recessed lighting. Open dining room with recessed lighting, beautiful light fixtures give you versatile dining or living space. Inviting white kitchen, stainless appliances including gas stove, microwave, refrigerator, drop lighting over an amazing island with quartz countertops. Pretty guest powder room on main level. Upstairs hosts an amazing space with well-lit second living area/game room, exercise room. Owners' suite is oversized and a private oasis , double trey ceiling, enormous master closet, beautiful windows and retreat bath with split vanities, oversized tile shower with bench seating, wonderful lighting , tile floor and stone counters. two additional bedrooms with ample closet space and beautiful lighting and very large hall bath. Laundry room is upstairs and features open shelving. Back entry two car garage for easy entry, lovely grounds and sits near the green space with great access to the mailboxes! Beautiful neighborhood with dog park, playground and walking areas. Minutes to 1-20, 20 minutes to airport , close to schools, shopping and more. Don't miss this opportunity for a quick close and a move in townhouse! All you will have to do is unpack!

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Location


Property Details


Parking

  • Description: Attached, Garage, Garage Door Opener, Garage Faces Rear, Kitchen Level, Level Driveway
  • Details: Attached, Garage, Garage Door Opener, Kitchen Level
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 2
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood
  • Foundation: Slab
  • Roof Type: Gable or Hip
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • Association: Eastmont Owners Associatio
  • HOA Fee: $160/annually

Land Information

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

Lot Information

  • Parcel ID: 0440010197
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Style: Craftsman
  • Year Built: 2021

Tax Information

  • Annual Tax: $7,797

Utilities

  • Water & Sewer: Public
  • Heating: Central, Forced Air, Natural Gas, Zoned
  • Cooling: Central Air, Electric, Zoned

Location

  • County: Rockdale

Listing Details


Listed by:
Kristy Marshall
BHHS Georgia Properties
(770) 814-2300

Source:
Georgia MLS
MLS#: 10468603
Georgia MLS

Investment Summary


Monthly Cash Flow
-$715
Cap Rate
3.5%
Cash-on-Cash Return
-11.7%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-7.3%

Purchase Details

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Purchase price:
$319,900
Amount financed:
-$255,920
Down payment:
$63,980
Closing costs:
$9,597
Rehab costs:
$0
Initial cash invested:
$73,577
Square feet:
1,968
Cost per square foot:
$163
Monthly rent per square foot:
$1.17

Financing Details

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Loan amount:
$255,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,639
Property tax:
$650
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,450

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,300 $27,600
Vacancy loss: (6%)
6% -$138 -$1,656
Operating income:
$2,162 $25,944

Operating Expenses


% Rent Monthly Yearly
Property taxes: (28%)
28%-$650-$7,797
Insurance: (7%)
7%-$161-$1,932
Property management: (8%)
8%-$184-$2,208
Repairs & maintenance: (5%)
5%-$115-$1,380
Capital expenditures: (5%)
5%-$115-$1,380
HOA fees: (1%)
1%-$13-$156
Total operating expenses: (54%)
54%-$1,238-$14,853

Cash Flow


Monthly Yearly
Net operating income:
$924 $11,088
Mortgage payments:
-$1,639 -$19,668
Cash flow:
$715 $8,580