1152 Parkwood Drive
Forest Park,
GA
30297
Property Details
List Price: |
$199,000 |
Beds: |
7 |
Baths: |
2 |
Status: |
Active |
SqFt: |
1946 |
Agency: |
Keller Williams Realty Metro Atlanta |
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Description/Comments
Lot Size: |
-- |
Property Type: |
Residential |
Year Built: |
1957 |
Notes: |
Eureka! You've found the ultimate cash-flowing rental. This 4-sided brick PadSplit coliving home generates over $4,600 per month in gross rental income ($56,000+ per year). This investment offers a unique combination of cash flow and turnkey management. After expenses the CAP rate is over 12% and 20% cash-on-cash ROI. Featuring granite countertops and upgraded bathrooms, this fully occupied rental is conveniently located minutes from major employers, including Hartsfield-Jackson International Airport. Its proximity to public transit and I-75 / I-285 ensures superb connectivity for its occupants. The home is leased to one tenant, PadSplit, which hosts the property on their platform. PadSplit is a workforce housing solution that not only helps members save money and live closer to work but also provides an avenue for investors to achieve 2-3x+ cash flow of typical rental properties. All members are professionally screened by PadSplit, required to pass a criminal background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Sold with an optional top-rated Superhost who coordinates cleaning and repairs, this property is ideal for any investor, regardless of their capacity. In a time when cash flow is hard to find, this turnkey rental defies the odds. It doesn't just meet the '1% rule,' it blows it away. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution before calling. Part of a portfolio, contact the listing agent if you are interested in purchasing multiple properties with a similar setup and ROI. |
MlsNumber: |
7402999 |
Estimate Your Monthly Payment
Listing Provided By: |
Keller Williams Realty Metro Atlanta, original listing |
Name: |
Keller Williams Realty Metro Atlanta |
Phone: |
(404) 564-5560 |
Office Name: |
Keller Williams Realty Metro Atlanta |
Office Phone: |
(404) 564-5560 |
Agent Name: |
Josh Stanton |
Disclaimer: |
Copyright © 2024 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |