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$315,000

For Sale - Active
3340 Deerwood Ln, Rex, GA 30273
4 Beds
0 Baths
1,818 Square Feet
0.00 Acres Lot
Built in 1993
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jul 03, 2025 at 03:14AM

Investment Summary


Monthly Cash Flow
-$560
Cap Rate
4.0%
Cash-on-Cash Return
-9.3%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-5.0%

Property Description


0.00 Acres Lot
Built in 1993
For Sale - Active
Units n/a

Welcome home to this well maintained home ideally nestled in a quiet cul-de-sac in the heart of Rex, offering quick access to I-675, I-75, and just a short drive to downtown Atlanta. This 4-bedroom, 2.5-bath home blends classic charm with modern updates, making it truly move-in ready. As a spacious 2-story gem, the home features classic curb appeal with a charming front porch and fresh landscaping. Step inside to discover new LVP flooring on the main level and stylish new light fixtures that elevate each space. The layout offers both function and flexibility with formal living and dining areas-ideal for entertaining-and a cozy family room with fireplace perfect for movie nights or relaxed evenings at home. The updated kitchen overlooking the family room is a true standout, boasting granite countertops, stainless steel appliances, a center island, pantry, and a counter-height breakfast bar for casual dining. Rounding out downstairs is a laundry closet and a convenient half bath to add to your comfort and flexibility. Upstairs, you'll find three spacious secondary bedrooms, full bath and a generous owner's suite featuring a large walk-in closet, double vanity, and a spa-inspired ensuite with a separate soaking tub and shower. Each bedroom offers plenty of space for rest, work, or play. Outside, enjoy a fully fenced backyard with a charming pergola that creates an inviting space for outdoor dining, play, or weekend get-togethers. While the attached 2-car garage offers secure parking and extra storage space, the long driveway allows for ample parking. Major updates provide added peace of mind, including a 2024 water heater, 2024 water service lines, and a 4-year-old roof. Located in a well-maintained community where the HOA amenities include a pool, tennis courts, and common area upkeep, this home offers the best of comfort, convenience, and connection. Don't miss your chance to call this jewel home!

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Location


Property Details


Parking

  • Description: Attached, Garage
  • Details: Attached, Garage Door Opener, 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): 0.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 2
  • Attic: Yes
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

  • Foundation: Slab
  • Roof Material: Other

HOA

  • Has HOA: Yes
  • HOA Fee: $500/annually

Land Information

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

Lot Information

  • Parcel ID: 12088AB052
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1993

Tax Information

  • Annual Tax: $3,410

Utilities

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

Location

  • County: Clayton

Listing Details


Listed by:
Angela Aull
HomeSmart
(404) 876-4901

Source:
Georgia MLS
MLS#: 10538874
Georgia MLS

Investment Summary


Monthly Cash Flow
-$560
Cap Rate
4.0%
Cash-on-Cash Return
-9.3%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-5.0%

Purchase Details

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Purchase price:
$315,000
Amount financed:
-$252,000
Down payment:
$63,000
Closing costs:
$9,450
Rehab costs:
$0
Initial cash invested:
$72,450
Square feet:
1,818
Cost per square foot:
$173
Monthly rent per square foot:
$1.10

Financing Details

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Loan amount:
$252,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,614
Property tax:
$284
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,038

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (14%)
14%-$284-$3,410
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (2%)
2%-$42-$504
Total operating expenses: (41%)
41%-$826-$9,914

Cash Flow


Monthly Yearly
Net operating income:
$1,054 $12,648
Mortgage payments:
-$1,614 -$19,368
Cash flow:
$560 $6,720