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$199,900

Under Contract
3655 Habersham Rd NE Apt 203, Atlanta, GA 30305
1 Bed
0 Baths
700 Square Feet
0.00 Acres Lot
Built in 1989
Under Contract
1 Units
Checked: 9 hours ago
Updated: Jun 21, 2025 at 03:29AM

Investment Summary


Monthly Cash Flow
-$230
Cap Rate
4.8%
Cash-on-Cash Return
-6.0%
Debt Coverage Ratio
0.78
Internal Rate of Return (5 years)
-1.8%

Property Description


0.00 Acres Lot
Built in 1989
Under Contract
1 Units

Completely renovated and filled with natural light, this south-facing unit at Habersham of Buckhead offers a rare opportunity in one of Buckhead's most desirable and private condo communities. Thoughtfully updated throughout, the home features a brand-new kitchen with shaker cabinets, and stainless appliances, and new designer bathroom, fresh paint, hardwood floors, new carpet, and stylish light fixtures. The spacious interior includes two fireplaces and generous closet space, including four separate closets for excellent storage. A full-size washer and dryer provide added convenience, as many units in the building only offer stacked options. The assigned and covered parking spot is just two spaces from the elevator, offering unmatched accessibility. The oversized deck feels peaceful and private, with a sunny treetop view and abundant natural light throughout the day. This European-style building provides all the amenities you can ask for, including a swimming pool, fitness center, and plenty of guest parking. Situated in a million-dollar neighborhood, this turnkey condo is a true gem in the heart of Buckhead. Beyond the comforts of home, the location is a walker's paradise. Just steps away, indulge in culinary delights at renowned establishments like Hal's Steakhouse, Tin Lizzy's, Bar Taco, Yeppa, and Johnny's Hideaway. For shopping enthusiasts, the upscale boutiques of Buckhead Village District, as well as Lenox Square and Phipps Plaza, are within easy reach. Nature lovers will appreciate proximity to Chastain Park and the Blue Heron Nature Preserve, offering serene walking trails and outdoor activities. With easy access to MARTA and major highways, commuting and exploring the vibrant city of Atlanta becomes effortless. Listed at an unbeatable price, this is an excellent first-time investment or the smart right-sizer.

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Location


Property Details


Parking

  • Details: Assigned, Garage
  • Garage Spaces: 1
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 0
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 1
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Masonry
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • HOA Fee: $3,756/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 17009700011211
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: European
  • Year Built: 1989

Tax Information

  • Annual Tax: $3,277

Utilities

  • Water & Sewer: Public
  • Heating: Electric
  • Cooling: Electric, Ceiling Fan(s)

Location

  • County: Fulton

Listing Details


Listed by:
Compass
(404) 668-6621

Source:
Georgia MLS
MLS#: 10527398
Georgia MLS

Investment Summary


Monthly Cash Flow
-$230
Cap Rate
4.8%
Cash-on-Cash Return
-6.0%
Debt Coverage Ratio
0.78
Internal Rate of Return (5 years)
-1.8%

Purchase Details

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Purchase price:
$199,900
Amount financed:
-$159,920
Down payment:
$39,980
Closing costs:
$5,997
Rehab costs:
$0
Initial cash invested:
$45,977
Square feet:
700
Cost per square foot:
$286
Monthly rent per square foot:
$2.86

Financing Details

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Loan amount:
$159,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,024
Property tax:
$273
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,437

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%-$273-$3,277
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: (16%)
16%-$313-$3,756
Total operating expenses: (54%)
54%-$1,086-$13,033

Cash Flow


Monthly Yearly
Net operating income:
$794 $9,528
Mortgage payments:
-$1,024 -$12,288
Cash flow:
$230 $2,760