Riverdale · Griffin, GA · 3 occupied homes
Three 2 and 3 bedroom homes south of Atlanta, all leased and professionally managed. Sold together in one closing.
| Home | Beds / baths | Sq ft | Built | Monthly rent | Lease through | Allocated price |
|---|---|---|---|---|---|---|
| 7043 Eunice Dr Riverdale |
3 / 1 | 975 | 1968 | $1,575 | Feb 2027 | $154,633 |
| 1316 Lucky St Griffin |
2 / 1 | 812 | 1950 | $1,200 | Feb 2027 | $123,084 |
| 1301 Hillwood Ave Griffin |
2 / 1 | 892 | 1946 | $1,150 | Renewal pending | $125,942 |
| 3 homes | $3,925 | $403,700 |
Taxes and insurance are current figures. A sale may change the tax assessment, and your own landlord policy may differ.
Same price and financing either way. Keep Keystone managing at 8% of rent, or take over management yourself and keep the fee. Self-managed figures do not count your own time or leasing costs.
| Managed | Self-managed | |
|---|---|---|
| Management fee | −$3,579 | $0 |
| Net operating income | $30,274 | $33,853 |
| Cap rate at asking price | 7.5% | 8.4% |
| Cash flow after loan payments | $5,491 | $9,070 |
| Cash-on-cash return | 5.0% | 8.2% |
| DSCR | 1.22 | 1.37 |
Sent after a short confidentiality agreement.