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$228,900

For Sale - Active
400 17th St NW Unit 2308, Atlanta, GA 30363
1 Bed
0 Baths
884 Square Feet
0.00 Acres Lot
Built in 2005
For Sale - Active
1 Units
Checked: 4 hours ago
Updated: Jun 27, 2025 at 06:31PM

Investment Summary


Monthly Cash Flow
-$708
Cap Rate
2.6%
Cash-on-Cash Return
-16.1%
Debt Coverage Ratio
0.41
Internal Rate of Return (5 years)
-11.6%

Property Description


0.00 Acres Lot
Built in 2005
For Sale - Active
1 Units

This spacious 1-bedroom, 1-bathroom condo in Atlantic Station offers an oversized floorplan with plenty of space for a dedicated home office-perfect for remote work or creative projects. The refreshed kitchen and bathroom feature stylish, modern updates, while the hardwood floors add warmth and elegance throughout. Step out onto your private balcony overlooking a peaceful courtyard and enjoy resort-style community amenities including a salt water pool, full-size gym, and sauna. Ideally located just steps from vibrant shopping, dining, and entertainment, and only a mile from SCAD and Georgia Tech, this home blends comfort, convenience, and a dynamic urban lifestyle.

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Location


Property Details


Parking

  • Description: Deeded, Garage
  • Details: Garage
  • Garage Spaces: 1
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

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

Interior Features

  • # of Rooms: 5
  • # of Stories: 3
  • Basement Description: None

Exterior Features

  • Exterior Walls Materials: Rock, Stone
  • Foundation: Slab
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • Association: Beacon
  • HOA Fee: $5,904/annually

Land Information

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

Lot Information

  • Parcel ID: 170148LL3846
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Contemporary
  • Year Built: 2005

Tax Information

  • Annual Tax: $3,987

Utilities

  • Water & Sewer: Public
  • Heating: Electric, Heat Pump
  • Cooling: Electric

Location

  • County: Fulton

Listing Details


Listed by:
David Rosa
Coldwell Banker Realty
(404) 262-1234

Source:
Georgia MLS
MLS#: 10543208
Georgia MLS

Investment Summary


Monthly Cash Flow
-$708
Cap Rate
2.6%
Cash-on-Cash Return
-16.1%
Debt Coverage Ratio
0.41
Internal Rate of Return (5 years)
-11.6%

Purchase Details

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Purchase price:
$228,900
Amount financed:
-$183,120
Down payment:
$45,780
Closing costs:
$6,867
Rehab costs:
$0
Initial cash invested:
$52,647
Square feet:
884
Cost per square foot:
$259
Monthly rent per square foot:
$2.15

Financing Details

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Loan amount:
$183,120
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$1,195
Property tax:
$332
Insurance:
$133
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,660

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,900 $22,800
Vacancy loss: (6%)
6% -$114 -$1,368
Operating income:
$1,786 $21,432

Operating Expenses


% Rent Monthly Yearly
Property taxes: (17%)
17%-$332-$3,987
Insurance: (7%)
7%-$133-$1,596
Property management: (8%)
8%-$152-$1,824
Repairs & maintenance: (5%)
5%-$95-$1,140
Capital expenditures: (5%)
5%-$95-$1,140
HOA fees: (26%)
26%-$492-$5,904
Total operating expenses: (68%)
68%-$1,299-$15,591

Cash Flow


Monthly Yearly
Net operating income:
$487 $5,844
Mortgage payments:
-$1,195 -$14,340
Cash flow:
$708 $8,496