This single-family property in Decatur, GA, offers an interesting investment opportunity. With an average rent potential ranging from $1,100 to $1,800, the annual revenue could be between $13.2K and $21.6K. Given the list price of $169.9K, the estimated payback period is approximately 8-13 years. The neighborhood is experiencing renovations, indicating a positive trend. Features like central heating, hardwood floors, and a spacious lot enhance its appeal. However, being an estate sale requiring probate approval might delay transactions.
To boost rental income, consider modernizing the interior, especially the kitchen and bathroom, to align with current market trends. Adding amenities like in-unit laundry could also attract higher-paying tenants. If selling, emphasize the property's solid structure and potential for expansion due to the large lot size. Highlight the neighborhood's growth and the property's proximity to public transit and major roads.