1961 S Columbia Pl Decatur, GA 30032
3bd, 2ba | 1,317sqft | Built in 1954
investment property - 1961 S Columbia Pl, Decatur, GA 30032, Dekalb - image 0
investment property - 1961 S Columbia Pl, Decatur, GA 30032, Dekalb - image 0
investment property - 1961 S Columbia Pl, Decatur, GA 30032, Dekalb - image 1
investment property - 1961 S Columbia Pl, Decatur, GA 30032, Dekalb - image 2
List Price
Initial Investment : $197,961
Purchase Price
Down Payment

Total Return
Annualized Return
Cap Rate
Gross Yield
Cash Flow
Financing Options
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Rate Payment
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Fees represent the loan origination fees charged directly by the lender. Other fees may apply.
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Property Management Options
  • 678-782-1004
    100 Glendalough Ct, D2
    Tyrone, GA 30290
    PMI Georgia
    Property Management Fee:
    6% of Rent Collected ($85 per door minimum)
    Leasing Fee:
    75% of 1st Month’s Rent (Roofstock Special)
    Renewal Leasing Fee:
    25% of First Month’s Rent
    Maintenance Fee:
    Property Setup Fee:
    Included in Leasing fee
    Marketing Fee:
    Included in Leasing fee
    Project Management Fee:
    None if done through our company
    With PMI Georgia’s full service Atlanta property management, you get much more than just one over-worked property manager. You get a full team of skilled professionals with the expertise to provide you with the highest level of service and the maximum return on your investment. We manage homes in 18 counties surrounding Atlanta and take pride in being active participants in NARPM (National Association for Residential Property Managers) to continue our education to stay current in the changing market. The team at PMI Georgia will safeguard your property, manage your tenants, and protect your investment, all without you having to lift a finger. Our on staff CPA and accounting software will ensure your financials are in order and save you time & money at tax time and you never have to wait until next month to receive your funds if your tenant pays late – we do owner draws every Friday at no extra charge! You'll be amazed at the personalized service & attention to detail provided by our residential property management team all for one low monthly fee. Our Leasing fee includes bonus services that others charge extra for. Give us call – we answer our phones!
  • 404-800-4056
    105 Nobel Court
    Alpharetta, GA 30005
    Property Management Fee:
    8% of rent collected or $109 flat fee
    Leasing Fee:
    50% of first month’s rent
    Renewal Leasing Fee:
    $150 flat fee
    Maintenance Fee:
    10% of total project cost
    Property Setup Fee:
    Marketing Fee:
    Project Management Fee:
    Time + Cost of Materials
    gkhouses currently has locations in Atlanta, Birmingham, Boulder, Chattanooga, Denver, Fort Collins, Little Rock, and Nashville. We now manage approximately 2,500 houses for about 1,300 different investors and homeowners. Our clients range from real estate funds to investors in single-family homes to homeowners who need to rent their homes for one reason or another. We have found that our clients trust us primarily for these three reasons: 1. We have the most talented team in the industry. 2. We treat every house as if we own it (we're investors like you). 3. We put our money where our mouth is (Four strong guarantees to back that up).
  • (888) 372-7528 Ext 135
    19750 W Catawba Ave
    Cornelius, NC 28031
    Park Avenue Properties
    Property Management Fee:
    8% of monthly rent collected
    Leasing Fee:
    50% of first month's rent
    Renewal Leasing Fee:
    15% of first month's rent
    Maintenance Fee:
    $0 maintenance reserve and $55 per labor hour
    Property Setup Fee:
    $100 per Property
    Marketing Fee:
    Project Management Fee:
    Park Avenue Properties is a residential property management and investment firm. We manage approximately 3,000 residential properties throughout 10 major metropolitan areas and 6 states. We offer full service, turn-key property management services. From our Customer Care Team to our Welcome Home Team you will find that we are results oriented and we truly care about the entire management life-cycle experience.
  • 678-825-0430
    2855 Marconi Dr. Ste 310
    Alpharetta, GA 30005
    Excalibur Homes
    Property Management Fee:
    6% of monthly rent collected
    Leasing Fee:
    70% of first month's rent
    Renewal Leasing Fee:
    35% of first month's rent
    Maintenance Fee:
    Property Setup Fee:
    Marketing Fee:
    Project Management Fee:
    Excalibur Homes has been managing properties in the Atlanta market since 1985! We currently manage over 2,000 properties for investors all over the world. With guarantees for leasing, evictions, and pet damages, we treat your property as if it were our own. As one of the few companies to earn the Certified Residential Management Company (CRMC) designation, we are Atlanta's Rental Home Experts.
  • Tips for Self Managing Properties
    You’ve invested in a Rental Property, and are thinking about managing the property yourself? Here are the items you need to be aware of: Renting, Operating, Risk Management
    Self manage / Other
    • Get property ready
    • Advertise
    • Show the property
    • Applicant screening
    • Move in tenants

    • Collect rent
    • Repair requests
    • Home inspections
    • Move out process

    Risk Management
    • Fair housing
    • Insurance liability
    • Property damage
    • Habitability issues
    • Legal costs
  • Hemlane Property Management Software
    PROMO: 1 month free – monthly and annual contract options available

    For investors who want to self-manage, Hemlane is an all-in-one property management solution to automate the operational tasks for property management through an easy to use portal. For leasing, Hemlane advertises listings to 40 websites and automates showing scheduling, online applications, and background checks. Hemlane is transparent and trusted across the US, with 5-star customer reviews. www.hemlane.com

    • $58 per month + $30 per additional rental on an annual contract
    • $69 per month + $35 per additional rental on a monthly contract
    • 50% -100% of first months rent depending on services needed
Property Characteristics
  • Inspection Contingency
    What is it?
    This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract. If any prior inspection reports are available, you'll find them in the Diligence Documents (Analysis tab).  If the latest inspection report is more than 4 months old, the home will be listed with an inspection contingency.
    • This property will be professionally inspected before closing.
    • You’ll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
    • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.
    • Roofstock will let you know whether the property passes Roofstock Certification. If it fails, and you choose to carry on with the transaction, the Roofstock Guarantee will no longer apply unless issues are resolved prior to closing. 
    How it Works
    • Roofstock can refer you to our preferred property manager to help you understand the property report and next steps.
    • After the purchase agreement is signed, the buyer has 20 days from the date of the contract to hire a home inspector and conduct any negotiations with the seller if necessary. The home inspection typically costs $300-$500 and is paid by the buyer and includes instances where the inspection report is more than 4 months old. If the inspection is current and buyers are using a Roofstock inspector, inspection would be free of charge.
    • Once the buyer receives the inspection report containing details on the home’s condition and potential issues, the buyer can (1) remove the inspection contingency and continue with the closing process, (2) negotiate different terms with the seller based on the report findings, or (3) in extreme circumstances, terminate the purchase agreement and get their earnest money deposit back.
    • Any negotiation or termination must happen within the time period specified in the purchase agreement, unless otherwise agreed upon between buyer and seller.
    The inspection contingency contains a termination date which the buyer must adhere to. The buyer must have the inspection completed, review the report and negotiate with the seller on the next steps within this agreed upon timeframe. If the termination date passes and the buyer has not terminated the agreement or come to an agreement with the seller, the buyer must continue based on the terms in the initial purchase agreement.
  • Roofstock Exclusive
    What is it?
    This property is listed directly from the seller and only available through the Roofstock marketplace.
    • You can avoid competition and "buy it now" at the list price.​
    • The home will have undergone a comprehensive inspection, title search and more – all of which are made available in the Diligence Documents to review.
    • Transaction will only carry an inspection contingency if the posted inspection report is more than 4 months old.
    • A Roofstock-affiliated broker represents the Seller in this transaction, but Roofstock will walk you through the process​.
  • Roofstock Guarantee
    What is it?
    Our industry-leading guarantee allows you to invest with total confidence, regardless of whether the home is leased or vacant.
    • All properties come with our 30-day money back guarantee
    • Enjoy guaranteed rent on vacant properties starting 45 days after the home is rent-ready. Plus you will also pay no monthly management fees until your property is leased.
    • This offer only applies to single-family properties and excludes properties with 2 or more units (duplexes, triplexes, fourplexes, multiplexes), commercial properties, “Roofstock One” properties and Roofstock portfolios.
Investment Terms
Purchase Price of $194,900 has been established by the Seller and it reflects the price at which Seller is willing to transact. If this property accepts offers, then please submit a reasonable offer for consideration.

Marketplace Fee of $974 must be paid to secure your investment property, remove it from the marketplace and initiate the purchase process.If your offer has a contingency and you cancel before the contingency termination date, the Marketplace fee will be refunded. It is non-refundable in all other cases.

Purchase and Sale Agreement (PSA): A PSA will be delivered electronically promptly following payment of the Marketplace Fee and must be executed by Buyer within 24 hours of receipt.

Earnest Money Deposit (EMD) of $1,500 must be wired to the Title Company within 3 days of PSA signing.

Appraisal Contingency is available for financed properties, and will be waived automatically if the property appraises for the sale price. If it does not appraise for the sale price, then the Buyer and Seller will have the opportunity to come to terms or the Buyer can cancel the contract.

Closing Date: The Closing Date will occur within 15 days of PSA execution for cash transactions and 30 days of PSA execution for financing unless otherwise agreed by Buyer and Seller

Lease Agreement: The current lease agreement will be provided to Buyer at Closing.

Closing Costs: Closing costs shall be paid based on local custom, and will include discounts negotiated by Roofstock to lower transaction costs for Buyers and Sellers. An estimate of closing costs is provided in the Diligence Vault and actual closing costs will be outlined on the final settlement statement.

Title and Settlement Provider: Roofstock's standard closing process includes preferred partners who act as the title and escrow agent for this property. Our preferred partners have agreed to provide discounted escrow and settlement services to purchasers of properties via the Roofstock marketplace to lower your investment costs. If you would like to use a different provider for these services, please contact us.

Listing Broker: Roofstock Realty, LLC

Learn more about the investment process