Sale-Leaseback for My GA Home: Investor Feedback on Strategy? (Licensed Broker)

[Vince Smith]

Hey BiggerPockets community 👋

I’m exploring a sale-leaseback strategy for my personal home in the Stone Mountain, GA area (zip code 30087) and would love your insights. My family is building a new home, and we’re considering selling our current home with a 12-month leaseback to stay while construction finishes. This is not a formal offer or listing—just a discussion to see if this structure makes sense for investors and what I should consider.

The home is a 5-bedroom, 3-bathroom single-family residence with a full unfinished basement, currently undergoing renovations. We’re targeting a sale price around $425K, and I estimate it could rent for $2,300/month during the leaseback, based on local comps. This suggests a cap rate of roughly 5.4% (assuming no operating expenses for simplicity). I’m a licensed real estate broker in Georgia, so I’m approaching this as both owner and professional, but this is purely exploratory.

Has anyone done a sale-leaseback as an investor or seller? What are the pros and cons? Would a 12-month leaseback appeal to investors in a market like Stone Mountain? Are there pitfalls I should watch for? I’d also love thoughts on the numbers—does a $425K purchase with $2,300/month rent seem viable for an investor? All feedback welcome in the comments!

Thanks for your input!
—Vince