We've got a Income producing 3/2 in Atlanta 30311. This property is occupied with a section 8 tenant producing $880 a month, guaranteed.. Its located right of I-20 right by Westview cemetary. Marta bus stops are walking distance from the house. Tenant appears to take good care of the property, annual inspections are done by section 8 to insure everything is in working condition. With the purchase price and cash flow of this proeprty, this should be a no brainer! This would give you a very good return on your money, especially with the low property taxes
Purchase price - $29900
Rent - $880x12 = $10560
Estimated Property management - $88x12 = $1056
Estimated Insurance $600
2014 Property taxes - $307
Estimated Net rental income - $8597
Estimated NET ROI - $8597/$29900 = 29%
Architecture Style: Bungalow
Exterior Type: Wood
High School: Douglass High School
Room Count: 6
Year Built: 1969
This 4 bedroom home is listed at $29,900, while 4 bedroom homes...
This listing is cheaper than the average 4 bedroom home in Florida Heights by $27,508.
This sale at 2180 Larchwood Street SW is within the boundaries of Atlanta Public Schools (Unified School District).
Georgia Institute Of Technology Main Campus
Morehouse School Of Medicine
Showing 3 of
School attendance boundaries are constantly changing and may contain errors. Always verify them with school administration before making any commitments relating to this property. GreatSchools ratings are here to help you compare schools, but don’t let this be the only factor in selecting the right school for your kids. Learn more.