ROME, GA 30161

Asking Price: $179,000 

Estimated ARV: $225,000 - $250,000 (after cosmetic refresh)

Estimated Repairs: $12,000 - $20,000 (fresh flooring and paint)

Estimated Monthly Rent: $1,800 - $2,000

Property Overview This 5 bed / 2 bath home in Rome offers 2,389 sq ft on a 0.47-acre lot. Built in 1930, it received all new finishes in 2019, including paint, flooring, granite countertops, and fixtures. After normal wear and tear it will likely need fresh flooring and paint, but the heavy lifting was done years ago. Five bedrooms on nearly half an acre give a buyer flexibility, whether that is a rental, a flip, or a large family home.

Deal Details

• Bedrooms / Bathrooms: 5 BR / 2 BA
• Living Area: 2,389 sq ft
• Lot Size: 0.47 acres
• Year Built: 1930
• Updated in 2019: Paint, flooring, granite countertops, fixtures
• Property Type: Single-family
• Condition: Needs some TLC, likely new flooring and paint

Numbers Snapshot

• Purchase Price: $179,000
• Estimated Repairs: $12,000 - $20,000
• All-In Cost: $191,000 - $199,000
• Estimated ARV: $225,000 - $250,000
• Estimated Gross Spread: $26,000 - $59,000, before closing and holding costs
• Rental Hold Option: Estimated rent of $1,800 - $2,000/mo

Why This Deal Works

• The heavy renovation work was done in 2019, so the remaining scope is light.
• Five bedrooms on 0.47 acres give a buyer real flexibility.
• The price works out to about $75 per sq ft.

Ideal For

• Buy-and-hold landlords wanting a large 5 bedroom rental
• Cosmetic flip investors with a light scope
• Large-family owner-occupants wanting space at a low basis
• Investors looking for a low price per square foot

Important Note: All figures are estimates. The buyer should complete independent due diligence.

Contact John for more details or to make an offer: (678) 498-5675