Rare, 12% CAP Occupied PadSplit grossing over $6,200+ per month gross income per month (AFTER vacancies). 0.3mi to public transit, and around the corner I-85/I-285 interchange and the airport for superb connectivity and access to job centers. Mind boggling cash flow will give you a cash-on-cash return of 25%+! 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: 06/19/2024
Home Type
Est. Annual Taxes
Year Built
Lot Details
Parking
Home Design
Interior Spaces
Flooring
Bedrooms and Bathrooms
Schools
Additional Features
Listing and Financial Details
Overview
Amenities
$324,900
Calling all real estate investors looking for a strong return on investment! 1284 To Lani Path in Stone Mountain presents a phenomenal opportunity to acquire a property with a 10.25% 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
Allison Haywood Bolst, Inc.
$395,000
New Listing Alert: Spacious 5-Bedroom Gem Near Stone Mountain Park! Welcome to 787 Wynnbrooke Parkway, a stunning 5-bedroom, 3.5-bathroom home offering 3,373 sq ft of open-concept living space. The oversized master suite provides a luxurious retreat, while the expansive layout ensures comfort for the whole family. Property Highlights: Finished Basement: An additional 1,516 sq ft featuring its
Candace Smiley Keller Williams Realty Cityside
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $220,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Foreclosure Deed | $105,983 | -- | |
| Deed | $93,000 | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $227,500 | New Conventional | |
| Previous Owner | $16,500 | Stand Alone Second | |
| Previous Owner | $132,000 | Stand Alone Second | |
| Previous Owner | $30,000 | Stand Alone Second | |
| Previous Owner | $10,950 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $94,920 | VA | |
| Previous Owner | $17,656 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $93,000 | VA |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/23/2024 10/23/24 | Sold | $325,000 | +6.9% | $113 / Sq Ft |
| 06/25/2024 06/25/24 | Pending | -- | -- | -- |
| 06/19/2024 06/19/24 | For Sale | $304,000 | -- | $105 / 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 | $5,501 | $110,320 | $10,000 | $100,320 |
| 2022 | $4,215 | $88,000 | $9,800 | $78,200 |
| 2021 | $3,327 | $67,760 | $4,920 | $62,840 |
| 2020 | $2,860 | $57,120 | $4,920 | $52,200 |
| 2019 | $2,419 | $47,080 | $4,920 | $42,160 |
| 2018 | $2,233 | $50,440 | $4,920 | $45,520 |
| 2017 | $2,462 | $47,840 | $4,920 | $42,920 |
| 2016 | $2,244 | $42,800 | $4,920 | $37,880 |
| 2014 | $1,020 | $30,840 | $4,920 | $25,920 |
Seller's Agent in 2024
Josh Stanton
Keller Williams Realty
(678) 929-5949
11 in this area
232 Total Sales
M
Buyer's Agent in 2024
Michael Dumler
Cornerstone Real Estate Partners
(410) 340-2580
5 in this area
54 Total Sales
Source: Georgia MLS
MLS Number: 10321996
APN: 15-222-07-005
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