271 Leafwood Ln Riverdale, GA 30274
Estimated payment $1,656/month
Highlights
- No HOA
- Central Heating and Cooling System
- Wood Siding
About This Home
This turnkey 9-bedroom, 3-bathroom (2 shared baths) co-living home presents a rare opportunity for investors seeking high monthly cash flow in the Atlanta metro area. Fully renovated and fully occupied through PadSplit, this 2,022 sqft property generates $5,770/month in gross rents with an estimated NOI of $3,300/month and a 15.2% cap rate. Just minutes from major interstates and Hartsfield-Jackson International Airport, Leafwood Lane is ideally positioned for workforce housing, attracting reliable tenants looking to live closer to job hubs. PadSplit is a co-living platform that helps provide affordable housing to working professionals while maximizing returns for property owners. The platform handles tenant screening and onboarding, income verification, rent collection, and provides easy communication and maintenance management tools. If you're unfamiliar with how PadSplit works or want to explore whether this model is right for you, reach out-we'd be happy to walk you through it.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,434
Year Built
- Built in 1972
Lot Details
- 0.29 Acre Lot
- Back Yard Fenced
- Chain Link Fence
Home Design
- Composition Roof
- Wood Siding
Interior Spaces
- 2,022 Sq Ft Home
- Multi-Level Property
- Laminate Flooring
Kitchen
- Oven or Range
- Microwave
Bedrooms and Bathrooms
Laundry
- Dryer
- Washer
Finished Basement
- Laundry in Basement
- Natural lighting in basement
Parking
- 3 Parking Spaces
- Off-Street Parking
Schools
- Brown Elementary School
- Pointe South Middle School
- Mundys Mill High School
Utilities
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- Clayton Ridge Subdivision
Listing and Financial Details
- Legal Lot and Block 13 / G
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $2,434 | $62,400 | $7,200 | $55,200 |
| 2023 | $2,253 | $62,400 | $7,200 | $55,200 |
| 2022 | $1,878 | $47,840 | $7,200 | $40,640 |
| 2021 | $1,581 | $40,040 | $7,200 | $32,840 |
| 2020 | $1,312 | $32,808 | $7,200 | $25,608 |
| 2019 | $1,085 | $26,727 | $5,600 | $21,127 |
| 2018 | $966 | $23,795 | $5,600 | $18,195 |
| 2017 | $881 | $21,640 | $5,600 | $16,040 |
| 2016 | $890 | $21,876 | $5,600 | $16,276 |
| 2015 | $860 | $0 | $0 | $0 |
| 2014 | $716 | $18,000 | $5,600 | $12,400 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/14/2025 05/14/25 | Pending | -- | -- | -- |
| 05/01/2025 05/01/25 | For Sale | $260,000 | +32.0% | $129 / Sq Ft |
| 06/26/2024 06/26/24 | Sold | $197,000 | -3.9% | $97 / Sq Ft |
| 05/16/2024 05/16/24 | Pending | -- | -- | -- |
| 04/19/2024 04/19/24 | For Sale | $205,000 | +355.6% | $101 / Sq Ft |
| 12/18/2013 12/18/13 | Sold | $45,000 | -19.6% | $37 / Sq Ft |
| 11/20/2013 11/20/13 | Pending | -- | -- | -- |
| 11/15/2013 11/15/13 | For Sale | $56,000 | -- | $46 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $197,000 | -- | |
| Warranty Deed | $128,000 | -- | |
| Warranty Deed | $74,000 | -- | |
| Warranty Deed | $45,000 | -- | |
| Warranty Deed | $18,000 | -- | |
| Deed | $9,000 | -- | |
| Deed | $9,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Foreclosure Deed | $69,530 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $190,000 | New Conventional | |
| Previous Owner | $63,000 | New Conventional | |
| Previous Owner | $76,000 | Stand Alone Refi Refinance Of Original Loan |
Source: Georgia MLS
MLS Number: 10511215
APN: 05-0245A-00G-028
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 Georgia MLS. All rights reserved.
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