tomo logo

$369,900

Beds
9
Baths
3.0
sq ft
2,846

3068 River Oak Rd, Decatur, GA 30034

3068 River Oak Rd

Decatur, GA 30034

  • <1 day on market
Calling all real estate investors looking for a strong return on investment! 3068 River Oak Road in Decatur presents a amazing opportunity to acquire a property with a 11% cap rate. This 9-bedroom, 3-bathroom property is a turnkey, operating PadSplit with a strong track record of high occupancy. PadSplit is a housing solution platform that helps members find accessible housing throughout the nation. The property is leased directly to PadSplit PadSplit sources and screens members for property owners making this an easy lift for both first-time and seasoned investors alike. Google PadSplit to learn more about the platform and becoming a PadSplit host. 3068 River Oak Road is just 0.6 miles to the nearest Marta Bus route, making it easy for current and future occupants to access public transportation options. Make this cash-flowing winner a part of your real estate portfolio today!

Details

Property type

Single Family Residence

Est. home value

$331,593

Lot size

0.29 acres

Price per sq ft

$130

Year built

1996

Annual property taxes

$5,516

HOA

No

Price History

02/21/2025
FMLS

FMLS #7528598

Listed
$369,900
+27.55%
03/30/2022
FMLS

FMLS #7006998

Sold
$290,000
+100.14%
12/02/2016
FMLS

FMLS #5758964

Sold
$144,900

Schools & Community

Elementary school: 

Oak Grove - Dekalb

Middle school: 

Cedar Grove

High school: 

Cedar Grove

Community features: 

Street Lights

Negotiation Insights

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

Seller could get up to

$123,970
Asking price
$369,900
Closing costs (~8% of asking)
-$29,592
Est. remaining loan balance
-$216,338
Cash to seller
$123,970

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Flagstar Bank

Loan start date

March 2022

Original loan amount

$228,800

Est. remaining balance

$216,338

Interest rate

3.69%

Loan type

New Conventional, 30 year

Seller

Aditya Bansal

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: 02/22/2025 at 4:55 AM

Listing updated: 02/22/2025 at 12:30 AM

Listed by: Allison Haywood, Bolst, Inc. Phone #: (404) 482-2293

MLS: FMLS #7528598

FMLS logo

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