Sold
$255,000
8 beds · 2 baths · 1,851 sqft
8451 Magnolia Drive, Jonesboro, GA 30238
Great deal
Priced about $119,221 (32%) below comparable homes. Estimated market value $374,221, based on 471 comparable homes in the metro.
Estimate from Veribas listing comps — a guide, not an appraisal.
About this home
This turnkey 8-bedroom, 3-bathroom (2 shared baths) co-living home presents a rare opportunity for investors seeking high monthly cash flow in the Atlanta metro area. Fully renovated and fully occupied through PadSplit, this 1,850 sqft property generates $4,450/month in gross rents with an estimated NOI of $2,300/month and a 10.6% cap rate.
Just minutes from major interstates…
PoolBasementNo HOARenovated
Listing remarks courtesy of Keller Williams Realty Metro Atlanta · Sold by Keller Williams Realty Metro Atlanta.
· FMLS #7569651404-564-5560
$1,744/mo est.
with $25,500 down · $255,000 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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In-person tour
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Video walkthrough
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Home details
8
Beds
2
Baths
1,851
Sqft
1971
Built
0.26 ac
Lot
Veribas Rental Valuation
If you rented it out · from nearby rentals
$2,150/morange $2,000 – $2,30010.1% gross yield
Based on 12 similar rentals within 2 mi (7 recently leased).
5 bd · 3 ba · 1,903 sqft · 0.3 mi away$2,300/mo4 bd · 2 ba · 962 sqft · 0.2 mi away · leased$1,680/mo3 bd · 3 ba · 1,536 sqft · 0.4 mi away$1,850/mo4 bd · 2 ba · 1,225 sqft · 0.8 mi away · leased$1,200/mo
Automated estimate — actual rent depends on condition, terms, and season. Not a guarantee of rental income.
Home facts
Payment calculator
$1,818/mo
Principal & interest$1,489
Property taxes$255
Home insurance$74
Down payment$25,500 (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
Estimated valueListed for sale
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No surprises at closing
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Schools
Lee StreetElementary
JonesboroMiddle
JonesboroHigh
Location
41 for sale 9 pending 12 sold
Listed by
Keller Williams Realty Metro Atlanta · Sold by Keller Williams Realty Metro Atlanta
Source: FMLS · #7569651
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