2638 Macon Dr SW Atlanta, GA 30315
3bd, 2ba | 1,080sqft | Built in 1960
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Initial Investment
$28,162
List Price: $96,650
Purchase Price
$96,650
Down Payment
25%
Rent
$1,075

Total Return
$24,679
Annualized Return
15.4%
Cap Rate
8.1%
Gross Yield
13.3%
Cash Flow
$2,452
Appreciation
2.4%
Features
Roofstock Certified
Occupancy
Vacant
Lease Start
Lease End
Lot Size
10,890 
HOA
None
Flood Risk
Not Required
  • Beautiful 3 bed 2 bath, 1080 sqft single family house just renovated with over $5K invested
  • The features include brand new appliances, repaired gutters, and serviced HVAC system.
  • Great location! Easy access to downtown Atlanta (15 minutes) and less than 10 min to the airport
  • Desirable, appreciating location in a 2.5 star neighborhood with a cap rate north of 8%
  • As of 10/15 - approved tenant with signed 2-year lease on 10/10/2018. Lease move-in beginning 10/25/18 and ending 10/31/2020. New rent at $1,150 which will move cap rate to an 8.7 cap

Annual Financial Highlight
Expected Rent
$12,255
Expenses
-$3,300
Property Taxes
-$1,700
Loan Payments
-$4,803

Net Cash Flow
$2,452
Considerations
Property Characteristics    View Details

Roofstock Guarantee
Our industry-leading guarantee allows you to invest with total confidence, regardless of whether the home is leased or vacant.
  1. All properties come with our 30-day money back guarantee
  2. Enjoy guaranteed rent on vacant, rent-ready properties starting 45 days after closing. Plus, you will also pay no initial tenant placement and monthly management fees until your property is leased
  • Enjoy peace of mind when you invest with Roofstock.
  • On vacant properties you can count on rent income, even without a tenant in place. You also enjoy potential savings of more than $1000 (based on average lease up and monthly management fee for 45 days) since you pay no initial tenant placement cost and monthly management fees.

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our certified property management teams protect your assets and keep things running smoothly.

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