795 Needle Rock Dr., Stone Mountain, GA 30083
Photo 1 of 12
$290,000
Sold on 1/19/24
Beds Baths Sq. Ft. Taxes Built
9 3.0 2,025 $3,480 1969
On the market: 30 days
View full details, 15 photos, school info, and price history
Generating over $5,800 per month in gross rental income ($70,000 per year), this seasoned PadSplit coliving home offers a unique combination of cash flow and turnkey management in a sought-after location. This split level home on a beautiful lot in unincorporated Stone Mountain. It's close to downtown Stone Mountain, interstates and major arterials, ensuring superb connectivity. The home is leased to one tenant, PadSplit, which hosts the property on their platform. PadSplit not only helps members save money and live closer to work but also provides an avenue for investors to achieve 3x+ cash flow. 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. Sold with an optional top-rated superhost who coordinates cleaning and repairs, this property is ideal for any investor, regardless of their capacity. In a time when cash flow is hard to find, this turnkey rental defies the odds. It doesn't just meet the '1% rule,' it blows it away. 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.
Listing courtesy of Josh Stanton, Keller Williams Realty Metro Atlanta