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3 Bedroom Home in Atlanta
Conyers, GA 30094
3 Bedroom Home in Atlanta
Conyers, GA 30094
6.0%
Year 1 Cap Rate$256,027
10 yr cash flow9.42%
10 yr IRRDetails
- Lot size16,335
- Rentable Sq.Ft1,506
- $/Rentable Sq.Ft$133
- Monthly rent$1,700
- Safety deposit$1,700
- Estimated reserve$3,500
- Lease start2025-09-01
- Lease end2026-08-31
- HOANo
- Flood zoneNo
Why This Deal Works:
✅ 5% Year 1 Cap Rate
📈 Estimated 4% Annual Appreciation
💰 Priced at $200,000 — Well Below Atlanta’s $444,400 Avg. (Zillow)
🌳 16,300 sq.ft. lot
🔧 Renovation Upside in a High-Demand Metro
🏡 Located in an B+ Rated Neighborhood
Just 30 minutes from downtown Atlanta, this 5-bedroom home in Conyers’ Swift Creek neighborhood offers the best of both worlds — peaceful, suburban living with proximity to a major job hub. Families and professionals alike are flocking to Conyers for its affordability, excellent school access, and green space — making it a prime spot for long-term tenants and appreciation.
At $200K, this is an opportunity to secure a large lot in a metro where prices continue to rise — and add value through renovations.
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Neighborhood
Niche grades and rankings use rigorously analyzed data and user opinions to assess the key aspects of this neighborhood.
Overall neighborhood score:
Conyers, 30094
Cost Of Living
Good For Families
Good For Young Professionals
Housing
Jobs
Public Schools
Weather
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Financials
| Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
|---|---|---|---|---|---|
| Rental revenue | $20,400 | $21,114 | $21,853 | $23,409 | $27,803 |
| Vacancy & Collection Loss | ($1,020) | ($1,056) | ($1,093) | ($1,170) | ($1,390) |
| Operating revenues | $19,380 | $20,058 | $20,760 | $22,239 | $26,413 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| HOA fees | ($0) | ($0) | ($0) | ($0) | ($0) |
| Insurance | ($1,301) | ($1,341) | ($1,381) | ($1,465) | ($1,698) |
| Utilities | ($0) | ($0) | ($0) | ($0) | ($0) |
| Leasing Fee | ($340) | ($352) | ($364) | ($390) | ($463) |
| Property management | ($1,020) | ($1,020) | ($1,038) | ($1,112) | ($1,321) |
| Real estate taxes | ($3,644) | ($3,735) | ($3,847) | ($4,082) | ($4,732) |
| Repairs and maintenance | ($1,020) | ($1,056) | ($1,093) | ($1,170) | ($1,390) |
| Operating expenses | ($7,325) | ($7,504) | ($7,723) | ($8,219) | ($9,604) |
| Net Operating Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Operating revenues | $19,380 | $20,058 | $20,760 | $22,239 | $26,413 |
| Operating expenses | ($7,325) | ($7,504) | ($7,723) | ($8,219) | ($9,604) |
| Net Operating Income | $12,055 | $12,554 | $13,037 | $14,020 | $16,809 |
| Cap Rate | 6.0% | 6.3% | 6.5% | 7.0% | 8.4% |
| Other income & expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| SHARE management | ($1,515) | ($1,560) | ($1,607) | ($1,705) | ($1,977) |
| Mortgage payments | $0 | $0 | $0 | $0 | $0 |
| Other income & expenses | ($1,515) | ($1,560) | ($1,607) | ($1,705) | ($1,977) |
| Cash flow & yield | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Cash flow | $10,540 | $10,994 | $11,430 | $12,315 | $14,832 |
| Cash yield | 4.8% | 5.0% | 5.2% | 5.6% | 6.8% |
Acquisition Equity
| Down payment | ($200,000) | |||
|---|---|---|---|---|
| Title insurance | ($3,000) | |||
| Debt costs | ||||
| Acquisition fee | ($7,500) | |||
| Home Buyer Inspection | ($1,000) | |||
| Leasing Fee | ($2,550) | |||
| Reserves | ($3,500) | |||
| Stabilization costs | ($1,644) | |||
| Total | ($219,194) | |||
Disposition Proceeds
| Estimated sale price | $359,934 | |||
|---|---|---|---|---|
| Disposition fee | ($3,599) | |||
| Other disposition costs | ($7,199) | |||
| Year 10 mortgage balance | ($0) | |||
| Total | $349,136 | |||
