Decatur Condo Rental

Decatur Condo Rental

3 bed 2 bath 1496 sq ft Built in 1974 Condominium
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73
Occupancy Status
Low High
17 /20
Level of Rehab
Heavy Light
12/20
Location of Neighborhood
Far Close
17/20
Quality of Floor Plan
Choppy Flowing
12/20
School Rating
F A
7/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

Located in Decatur, GA and right off I-285 is this condo rental opportunity! This three-bedroom, two-bathrooms, and 1496 square-foot condo comes at a great price for an investor to make this a long-term hold and a steady monthly cash flow. The condo is currently occupied with a month-to-month tenant paying a premium $1800 per month. They are willing to extend a new lease if needed. The current HOA fee is lower with it being $200/month. Per the owners, the condo comes with newer paint, appliances, and a brand-new water heater. We recommend making any other needed cosmetic updates to the unit and holding it long term as a rental. With rental activity in Decatur increasing exponentially, this is a slam-dunk opportunity for the right investor. Please contact your EquityPro advisor for more information!

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We recommend rent
Rental Income
$1,800 mo. / $21,600 yr.
Estimated Taxes
$1,500 / yr.
Maintenance
$500 / yr.
HOA Dues
$2,400 / yr.
$13,840
Projected Income
11.74%
Estimated APY
$8,575
Projected Income
6.29%
Estimated ROI

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