tomo logo

$259,000

Beds
9
Baths
3.0
sq ft
2,135

5695 Montilly Cir, Atlanta, GA 30349

5695 Montilly Cir

College Park, GA 30349

  • Pending
Welcome to cashflow. This 15% cap rate occupied rental grosses over $6800/month. Powered by PadSplit, this turnkey 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. This is an incredibly unique opportunity to acquire a strong rental in a challenging market. It is very close to public transit, multiple interstates, and the airport to ensure superb connectivity and access to job centers. 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

$282,471

Lot size

0.38 acres

Price per sq ft

$122

Year built

1967

Annual property taxes

$3,532

Price History

07/05/2024
FMLS

FMLS #7414520

Pending
$259,000
07/02/2024
FMLS

FMLS #7414520

Listed
$259,000
+29.5%
04/22/2021
FMLS

FMLS #6830114

Sold
$200,000
+66.67%

Schools & Community

Elementary school: 

Fulton - Other

Middle school: 

Fulton - Other

High school: 

Fulton - Other

Community features: 

None

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

$133,118
Asking price
$259,000
Closing costs (~8% of asking)
-$20,720
Est. remaining loan balance
-$105,162
Cash to seller
$133,118

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

Seller’s Loan History

Lender

Broker Solutions

Loan start date

April 2017

Original loan amount

$122,580

Est. remaining balance

$105,162

Interest rate

4.15%

Loan type

VA, 30 year

Seller

Joyce R Williams

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: Pending/Under Contract

Tomo last checked: 07/07/2024 at 6:35 PM

Listing updated: 07/05/2024 at 2:06 PM

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

MLS: FMLS #7414520

FMLS logo

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