2400 Lowe St NW
Atlanta, GA 30318
List Price
$1,050,000
Initial Investment
$286,125Purchase Price
$1,050,000
Down Payment
25%
Rent
$7,000
Total Return
$384,935
Annualized Return
18.3%
Cap Rate
5.0%
Gross Yield
8.0%
Cash Flow
-$5,227
Appreciation
6.9%
Reset to DefaultEdit Assumptions
Features
Occupancy
Vacant
Property Type
Triplex
Lot Size
10,850
HOA
None
Flood Risk
Not Required
- Brand new construction. Estimated completion date is 9/15/22
- Three detached SFR's located on the same lot. The single-family homes are a mix of 1, 2, & 3 bedroom floor plans (426sqft, 642sqft, and 1,397sqft) on a quarter-acre parcel of land. The smaller homes are 1-story ranches on a slab, and the larger home is a 2-story home on a slab
- Units 1-3 are vacant
- The Property has great accessibility to major interstates and highways, providing efficient travel throughout the City and MSA. The largest employment corridors are all within a 20-minute commute, and Hartsfield-Jackson Atlanta International Airport is ~25-minutes. Within a 20-minute drive from the Property, there are nearly 600K workers today
- Modern daily conveniences (new Publix grocery-store anchored shopping center) and entertainment (Westside Park, The Works, Westside Provisions District) are all within short commutes
- 29,500 households live within a 3-mile radius of the Property, with 4,461 households aged 25-34 and earning $75K+ (target renter demographic). There is a large pool of renters within a 3-mile radius who pay ~$1,875-$3,750/month for rent and earn $75-$150K annually. Renter demand models project ~1,150 qualified renters to turnover annually
- Schools rank in the top 25% on standardized tests in the State
- Each unit is individually metered allowing tenants to pay separately
- The Property has great accessibility to the Atlanta MSA’s largest employment corridors and character areas within a 20-minute commute
See more in Analysis
Annual Financial Highlights
Expected Rent
$79,800Expenses
-$12,643Property Taxes
-$15,300Loan Payments
-$57,084Net Cash Flow
-$5,227See more in Financials
Similar Listings