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Archived over 6 years ago

$189,000

5+ bd 2 ba 1769 sqft

Decatur, GA 30032

Residential SFR

Current Rent **

$3,710

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Turnkey 7 Room PadSplit, Ideal for House Hacking or Co-Living

Renovated mid-century home, great for a large family or turnkey rental. Approved for PadSplit. If you are an owner-occupant this is the ideal house hack: move in and rent out the other rooms and the rental income would more than double your mortgage payment. With 5 bedrooms and 2 bonus rooms this home’s unique configuration would make it a lucrative rental. New flooring, fixtures, appliances, HVAC and large 2-car attached garage. Energy-efficient enhancements will keep your utility bills low. The Housing Authority of Dekalb County could pay up to $2121/mo for a house with this setup since it could accommodate a family with a 7-bedroom voucher. Property would get $3710/month income on PadSplit.

Location:

Decatur, GA 30032

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.