Sold
$79,900
8 beds · 2,842 sqft
1121 Jones Avenue, Atlanta, GA 30318
Great deal
Priced about $453,027 (85%) below comparable homes. Estimated market value $532,927, based on 481 comparable homes in the metro.
Estimate from Veribas listing comps — a guide, not an appraisal.
About this home
Great cash flow investment deal! Perfect for the landlord looking for a high cap return (~20% net cap) in an area that is appreciating quickly. 4 beds and 3 baths in each unit. One unit has been vandalized. Other unit boarded up and in much better shape. Property is vacant--cars parked in driveway are the neighbors. Sold AS-IS. Cash offers preferred. No blind offers. Seller prefers to use his atty. Listing agent is affiliated with seller.
PoolBasementNo HOA
Listing remarks courtesy of MAXIMUM ONE REALTY GREATER ATL · Sold by REALTY ASSOCIATES OF ATLANTA LLC.
· FMLS #5863025$546/mo est.
with $7,990 down · $79,900 list price*
Buyer services · Veribas Real Estate LLC — not the listing broker unless noted above
Connect with a lender · no credit check*Estimate — 30-yr fixed at 6.75% APR with taxes & insurance. Not a loan offer.
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Home details
8
Beds
2,842
Sqft
2003
Built
0.25 ac
Lot
None
HOA
Veribas Rental Valuation
If you rented it out · from nearby rentals
$3,425/morange $3,175 – $3,67551.4% gross yield
Based on 12 similar rentals within a mile (7 recently leased).
6 bd · 7 ba · 3,064 sqft · 0.5 mi away · leased$5,300/mo5 bd · 3 ba · 2,662 sqft · 0.3 mi away · leased$2,055/mo4 bd · 3 ba · 3,046 sqft · 0.3 mi away$3,600/mo5 bd · 5 ba · 0.4 mi away$4,500/mo
Automated estimate — actual rent depends on condition, terms, and season. Not a guarantee of rental income.
Home facts
Payment calculator
$569/mo
Principal & interest$466
Property taxes$80
Home insurance$23
Down payment$7,990 (10%)
Interest rate6.750%
Estimates only — taxes at 1.2%/yr and insurance at 0.35%/yr of price. Get exact terms from a lender via pre-qualification.
Value & price history
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No surprises at closing
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Schools
William M.BoydElementary
ParksMiddle
Frederick DouglassHigh
Location
70 for sale 10 pending 12 sold
Listed by
MAXIMUM ONE REALTY GREATER ATL · Sold by REALTY ASSOCIATES OF ATLANTA LLC
Source: FMLS · #5863025
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