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$395,000

For Sale - Active
3120 Esplanade Cir SW, Atlanta, GA 30311
4 Beds
2.5 Baths
3,339 Square Feet
0.00 Acres Lot
Built in 2004
For Sale - Active
1 Units
Checked: 20 hours ago
Updated: Aug 19, 2025 at 10:44AM

Investment Summary


Monthly Cash Flow
-$748
Cap Rate
3.9%
Cash-on-Cash Return
-9.9%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-5.6%

Property Description


0.00 Acres Lot
Built in 2004
For Sale - Active
1 Units

This stately and spacious 4-bedroom, 2.5-bath home offers unbeatable value inside the perimeter with no HOA and a long list of standout features. A brand-new HVAC unit has just been installed, and all appliances-including washer and dryer-will remain with the home. From the grand double-door entrance and hardwood floors to the oversized kitchen island with granite countertops and stainless steel appliances, this home delivers on both comfort and style. Upstairs, the large primary suite features a tray ceiling, sitting area, and a generous 4-piece ensuite bath with double vanities, separate tub and shower, and a walk-in closet. The second floor also includes three additional bedrooms, a full bath, and a separate laundry room. Step outside to enjoy an open backyard with two patios, including one covered-ideal for entertaining or relaxing. Back on the market after time off, the seller has completed a number of maintenance and improvement projects, addressing items that had previously been deferred to ensure the home is well-prepared for its next owner. The home is being sold as-is-not because of any concerns, but because it's truly move-in ready. The driveway does have a slope, but with the right angle and a little care, it's no issue at all. Conveniently located near parks, shopping, golf, major highways, and just minutes from downtown and the airport. A home warranty are available with an accepted offer. Priced to sell-schedule your showing today!

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Location


Property Details


Parking

  • Description: Attached, Driveway, Garage, Garage Door Opener, Garage Faces Front, Kitchen Level, On Street
  • Details: Garage
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 2.5

Interior Features

  • # of Rooms: 10
  • # of Stories: 2
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Concrete
  • Foundation: Slab
  • Roof Material: Other

Land Information

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

Lot Information

  • Parcel ID: 140231LL0763
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Colonial, Traditional, Brick Front
  • Year Built: 2004

Tax Information

  • Annual Tax: $6,223

Utilities

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

Location

  • County: Fulton

Listing Details


Listed by:
Melanie L Fields
20 West Realty
(404) 549-9911

Source:
Georgia MLS
MLS#: 10578568
Georgia MLS

Investment Summary


Monthly Cash Flow
-$748
Cap Rate
3.9%
Cash-on-Cash Return
-9.9%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-5.6%

Purchase Details

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Purchase price:
$395,000
Amount financed:
-$316,000
Down payment:
$79,000
Closing costs:
$11,850
Rehab costs:
$0
Initial cash invested:
$90,850
Square feet:
3,339
Cost per square foot:
$118
Monthly rent per square foot:
$0.78

Financing Details

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Loan amount:
$316,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,023
Property tax:
$519
Insurance:
$182
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,724

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,600 $31,200
Vacancy loss: (6%)
6% -$156 -$1,872
Operating income:
$2,444 $29,328

Operating Expenses


% Rent Monthly Yearly
Property taxes: (20%)
20%-$519-$6,223
Insurance: (7%)
7%-$182-$2,184
Property management: (8%)
8%-$208-$2,496
Repairs & maintenance: (5%)
5%-$130-$1,560
Capital expenditures: (5%)
5%-$130-$1,560
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (45%)
45%-$1,169-$14,023

Cash Flow


Monthly Yearly
Net operating income:
$1,275 $15,300
Mortgage payments:
-$2,023 -$24,276
Cash flow:
$748 $8,976