tomo logo

$269,000

Beds
9
Baths
3.0
sq ft
1,201

2520 Rex Rd, Ellenwood, GA 30294

2520 Rex Rd

Ellenwood, GA 30294

  • 3 days on market
Rare, 12% CAP Occupied PadSplit grossing over $5700+ per month gross income per month, consistently even factoring in vacancy. Close to Clayton State University, and around the corner multiple interestates for superb connectivity and access to job centers. Mind boggling cash flow will give you a cash-on-cash return of 20%+! Powered by PadSplit, this occupied rental is a workforce housing solution that not only helps members save money and live closer to work but provides a great investment for its owner. All members are professionally screened by PadSplit, required to pass a criminal background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution before calling.

Details

Property type

Single Family Residence

Est. home value

$244,002

Lot size

0.26 acres

Price per sq ft

$224

Year built

1974

Annual property taxes

$2,923

Price History

06/29/2024
FMLS

FMLS #7412962

Listed
$269,000
+49.44%
10/14/2021
GeorgiaMLS

GeorgiaMLS #9053872

Sold
$180,000

Schools & Community

Elementary school: 

Clayton - Other

Middle school: 

Clayton - Other

High school: 

Clayton - Other

Community features: 

None

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

Countrywide Home Loans Inc

Loan start date

December 2006

Original loan amount

$77,440

Est. remaining balance

Not provided

Interest rate

6.31%

Loan type

Stand Alone Second, 30 year

Seller

David M Wrye and Candace E Wrye

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?

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Status: Active

Tomo last checked: 07/02/2024 at 4:05 PM

Listing updated: 07/01/2024 at 8:28 PM

Listed by: Josh Stanton, Keller Williams Realty Metro Atlanta Phone #: (404) 564-5560

MLS: FMLS #7412962

FMLS logo

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