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2323 Wingfoot Place, Decatur GA, 30035

Price
Listing Tags
—
Beds
8
Size
1240 sqft
Type
Single Family
2323 Wingfoot Place, Decatur GA, 30035

Overview

A furnished 3-bedroom, 2.5-bath single-family home in Decatur, Georgia, available for lease as an 8-bed recovery residence. The home has about 1,240 square feet, with hardwood-style floors throughout the main living areas, a separate dining room and a laundry area with two washers and a dryer.

Lease and Income Structure

2323 Wingfoot Place, Decatur, GA 30035 is a 3-bedroom, 2.5-bath single-family home available for lease as a recovery residence. The home is shown furnished and ready for residents.

 

Interior

The living room is large and open, with a sofa, armchair and ottoman in place. A separate dining room has a table that seats four. The kitchen has white cabinets, dark countertops, a gas range, a microwave and a full-size refrigerator. Built-in shelving sits near the staircase.

 

Bedrooms and Baths

All three bedrooms are furnished with beds, nightstands and dressers. One has carpet, and another has wood-style flooring and a double closet. The bathrooms have updated vanities, tile or wood-style floors and tub/shower combinations.

 

Laundry

The lower level has two washers and a dryer, enough for a full house of residents.

 

Key Property Details

Address: 2323 Wingfoot Place, Decatur, GA 30035

Property Type: Single-family townhouse (2 stories)

Building Size: About 1,240 sq. ft.

Bedrooms / Baths: 3 / 2.5

Total Beds: 8 (shared)

Asking Lease: $2,328/month

 

Operator Fit

This home suits an operator who wants a furnished, move-in-ready house in the Decatur and east Atlanta area. The owner is offering a 3-year master lease to start.

Property Financials
Bed Data
Shared Beds 8
Total Beds 8
Vacancy Rate (estimated) 18%
House Mentors 0.5
Revenue-Producing Beds 6.50
Weekly Rent $210.00
Intake Fee $200.00
Revenue (Annual)
Total Potential Rent Income $87,360.00
Less: Vacancy & Loss $15,724.80
Less: Mentor Rent Credit $5,460.00
Plus: Intake Fee Revenue $2,800.00
Plus: Laundry Service Revenue $1,456.00
Total Revenue $70,431.00
Expenses (Annual)
Operating Expenses $9,704.00
Property Insurance $2,600.00
Operator Compensation $24,000.00
Valuation
Capitalization Rate 8.50%