Holy Moly! 12% CAP Occupied PadSplit grossing over $6600+ per month gross income per month. Near public transit, with ample parking and next to GSU - Decatur Campus - this is the turnkey rental you've been looking for. This home achieves over a 20% cash-on-cash return on your investment with a mortgage. Powered by PadSplit, this occupied rental is a workforce housing solution that not only helps members save money and live closer to work but provides a great investment for its owner. 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. 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.
Last Agent to Sell the Property
Keller Williams Realty License #379772 Listed on: 06/27/2024
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Listing and Financial Details
$344,900
Calling all real estate investors looking for a strong return on investment! 2284 Emerald Springs Drive in Decatur presents a fantastic opportunity to acquire a property with a 12.4% cap rate. This 9-bedroom, 3-bathroom property is a turnkey, operating PadSplit with a strong track record of high occupancy. PadSplit is a housing solution platform that helps members find accessible housing
Allison Haywood Bolst, Inc.
$324,900
Calling all real estate investors looking for a strong return on investment! 4422 Wellington Terrace in Decatur, presents a great opportunity to acquire a property with a 10.15% cap rate. This 8-bedroom, 3-bathroom property is a turnkey, operating PadSplit with a strong track record of high occupancy. PadSplit is a housing solution platform that helps members find accessible housing throughout
Allison Haywood Bolst, Inc.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $309,000 | -- | |
| Warranty Deed | $200,000 | -- | |
| Warranty Deed | $80,000 | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $216,300 | New Conventional | |
| Previous Owner | $84,200 | Stand Alone Refi Refinance Of Original Loan |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/11/2024 10/11/24 | Sold | $309,000 | +8.8% | $152 / Sq Ft |
| 08/27/2024 08/27/24 | Pending | -- | -- | -- |
| 08/21/2024 08/21/24 | For Sale | $284,000 | 0.0% | $140 / Sq Ft |
| 07/05/2024 07/05/24 | Pending | -- | -- | -- |
| 06/27/2024 06/27/24 | For Sale | $284,000 | +42.0% | $140 / Sq Ft |
| 07/23/2021 07/23/21 | Sold | $200,000 | +25.0% | $128 / Sq Ft |
| 07/06/2021 07/06/21 | Pending | -- | -- | -- |
| 07/04/2021 07/04/21 | For Sale | $160,000 | -- | $103 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $4,959 | $79,800 | $14,720 | $65,080 |
| 2022 | $3,386 | $69,520 | $14,720 | $54,800 |
| 2021 | $1,389 | $42,160 | $8,400 | $33,760 |
| 2020 | $1,344 | $40,720 | $8,400 | $32,320 |
| 2019 | $1,488 | $45,320 | $8,400 | $36,920 |
| 2018 | $950 | $31,520 | $8,400 | $23,120 |
| 2017 | $863 | $26,320 | $2,520 | $23,800 |
| 2016 | $832 | $25,960 | $2,520 | $23,440 |
| 2014 | $408 | $13,400 | $2,520 | $10,880 |
Seller's Agent in 2024
Josh Stanton
Keller Williams Realty
(678) 929-5949
6 in this area
232 Total Sales
Buyer's Agent in 2024
Anthony Fontana
Cornerstone Real Estate Partners
(757) 646-6860
18 in this area
205 Total Sales
Seller's Agent in 2021
Wanda Langley
Seed Faith Realty
(404) 924-0641
1 in this area
53 Total Sales
Buyer's Agent in 2021
James Casbarro
Macks Group
(678) 416-9676
3 in this area
64 Total Sales
Source: Georgia MLS
MLS Number: 10327418
APN: 15-056-01-035
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