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$210,000

Beds
Unknown
sq ft
Unknown

2083 Mallard Way, Lithonia, GA 30058

2083 Mallard Way

Lithonia, GA 30058

  • 17 days on market
Looking for cashflow? You found it! This turnkey coliving rental property generates $3,800 per month, and is a 12.0% cap rate when you factor expenses. A seasoned PadSplit, this home is in a great location close to expressways, shopping, and public transportation. This property is sold leased to a PadSplit LLC, and it can be terminated with 30 day notice by the landlord. An experienced Superhost is also available, making this property ideal for any investor, no matter their capacity. This house is set up with 6 rooms, as the dining room, living room, have been converted to bedrooms. PadSplit helps members save money and live closer to work, while providing 2x returns to investors compared to a typical rental. Google "PadSplit hosts" to learn more. Part of a Portfolio.

Details

Property type

Est. home value

$216,912

Lot size

8,712 sq ft

Price per sq ft

Unknown

Year built

1987

Annual property taxes

$1,600

Price History

09/06/2024
FMLS

FMLS #7448797

Listed
$210,000
+677.78%
05/06/2010
FMLS

FMLS #4026908

Sold
$27,000

Schools & Community

Elementary school: 

Panola Way

Middle school: 

Miller Grove

High school: 

Miller Grove

Community features: 

Street Lights

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Quicken Loans

Loan start date

April 2021

Original loan amount

$100,999

Est. remaining balance

$81,560

Interest rate

2.38%

Loan type

New Conventional, 15 year

Seller

Rodney Campbell

Lender

Quicken Loans

Loan start date

January 2021

Original loan amount

$100,936

Est. remaining balance

$79,349

Interest rate

2.28%

Loan type

FHA, 15 year

Seller

Rodney Campbell

Lender

Mckay Netro

Loan start date

November 2013

Original loan amount

$35,233

Est. remaining balance

$0

Interest rate

4.23%

Loan type

New Conventional, 6 year

Seller

Rodney Campbell

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/19/2024 at 5:30 PM

Listing updated: 09/06/2024 at 5:35 AM

Listed by: Rodney Campbell, Realty Hub of Georgia, LLC Phone #: (888) 900-1801

MLS: FMLS #7448797

FMLS logo

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