$274,000
Pending

4578 Sherrington Court

Stone Mountain, GA 30083
1750 sqft | 5 beds | 4.5 baths | 0.60 acres | #10373122
Type:Purchase
Structure:House
Zone:Residential

Description

This Stone Mountain rental is ideal for the savvy investor. With furnished rooms and 4.5 bathrooms (2 en-suites) this home produces robust rental income compared to anything available on the market, while providing solid workforce housing. It grosses $4600 per month on average with some months averaging consistently above $6000. 0.3 miles to public transit on a major arterial, Redan Rd. Potential for 13% cap rate and 25%+ Cash-on-Cash ROI. FInancials and Proforma available upon request. 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. NOTE: SqFt of home is larger than the tax records state. Financing must be cash, hard money or one of our preferred lenders with PadSplit experience.

  • Interior Details
      • InteriorOther
    • Beds & Baths
      • Bathrooms4.5
      • Bedrooms5
      • Full Baths4
      • Half Baths1
      • Bedrooms on Main Level5
  • Property Details
      • Lot DescriptionOther
    • Measurements
      • Square Feet1750
      • Acres0.6
  • Construction Details
      • StyleTraditional
      • Property TypePurchase
    • Condition
      • Year Built1970
  • Utilities / Energy Details
      • Utility FeaturesElectricity Available, Water Available
      • Sewer InformationPublic Sewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • SubdivisionSherrington
    • Location
      • High SchoolClarkston
      • Elementary SchoolAllgood
      • Middle SchoolFreedom
      • CountyDeKalb
  • Financial Details
      • Taxes Annual$5,043
  • Other
      • MLS #10373122

Location

Josh BowserReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
$0.00