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795 Needle Rock Drive
Stone Mountain, GA 30083
Residential (Single Family Residence)
0.3 Acres
2025 Sqft Living Area
9 Bedrooms
3 Bathrooms (3 Full, 0 Half)
Year Built: 1969
$275,000
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Property Description
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.
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Contact Details
Name: Josh Stanton
Email: josh@stanton.team
MLS Listing Id: 10234918
Agent Phone: (770) 549-9465
List Agent License:
Office Name: Keller Williams Realty
Office Phone: (770) 549-9465
Office MLS Id: KWAD01
Listing Status: Active
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Copyright © 2024 OpenHous, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
