$253,590 · ATLANTA, GA 30331
Flippers would lose money · Landlords would lose money

Available

$253,590Asking price

3 bd · 2.5 ba · 1,488 sq ft · built 2007

ATLANTA, GA 30331

No contract on file

via InvestorLift Classic

2 views · listed a day ago

Flippers would lose money

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $255,000
Asking price: −$253,590
RepairsMiddle of our estimate, $0 – $13,000: −$6,500
Loan, holding, closing20% down, 12% interest, 2 points, 63 days: −$23,517
Profit−11.2% of ARV · flippers want 10%+: −$28,607
Loses money

Works for a flipper at $202,000 or less.

DEAL PROS LLC

Brooke Froehlich

No reviews yet

Comps

Sales

Rents

ARV $255,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $237,000.

The sales behind this value are shown to members.

ARV $255,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

DEAL PROS LLC

Brooke Froehlich

No reviews yet

Seller Description

Call (480) 771-3024 for Offers and Inquiries!

Subject-to opportunity in the gated Stoney Pointe community in Greenbriar, Fulton County. Two-story townhome with a current rental target of $2,450/month.

Property Details

3 bed / 2.5 bath
Approximately 1,488 SF
Built in 2007
1-car attached garage
Approximately 1,742 SF lot
Gated community
Community pool and grounds maintenance
2025 property taxes: approximately $3,983
Leasing permitted with a 12-month minimum, subject to HOA confirmation

Subject-To Terms

Asking price: $253,590.18
Existing mortgage balance: $228,935.18
Existing loan rate: 7.00%
PITI: $2,132.18/month
Seller carryback: $4,655 at 0%
Carryback payment: $77.58/month for 60 months
Total monthly payments: $2,209.76
Estimated rent: $2,450/month
Estimated gross monthly spread: $240.24 before additional operating expenses

Estimated Rental Underwriting

Estimated rent: $2,450/month
PITI: $2,132.18/month
Seller carryback: $77.58/month
Estimated remaining spread: $240.24/month

Buyer Contributions

Buyer is responsible for:

Entry fee
Cash to seller
Listing commission contribution
Closing costs
EMD: $4,863
Hazard insurance binder at closing
Ongoing mortgage payment into the seller-designated trust account
Seller carryback payment for 60 months

Title is intended to vest in a land trust, with the buyer holding beneficial interest and power of direction. Trustee terms are still being finalized.

Important Risk Disclosure

The existing mortgage remains in the seller’s name. The lender may enforce its due-on-sale clause after transfer. This risk cannot be eliminated or guaranteed away. Buyers must conduct independent legal, title, insurance, HOA, and loan-document review before proceeding.

Call (480) 771-3024 for Offers and Inquiries!