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$479,900

For Sale - Active
1332 Willis Mill Rd SW, Atlanta, GA 30311
4 Beds
0.0 Baths
2,053 Square Feet
0.00 Acres Lot
Built in 1953
For Sale - Active
1 Units
Checked: 5 hours ago
Updated: Apr 17, 2025 at 10:37AM

Investment Summary


Monthly Cash Flow
-$1,348
Cap Rate
2.8%
Cash-on-Cash Return
-14.7%
Debt Coverage Ratio
0.45
Internal Rate of Return (5 years)
-10.2%

Property Description


0.00 Acres Lot
Built in 1953
For Sale - Active
1 Units

Welcome to this beautifully updated 4-bedroom, 2-bath brick home nestled on a desirable sprawling corner lot in sought after Adams Park! Overflowing with charm and modern elegance, this spacious residence features a completely renovated chef's kitchen with stainless steel appliances, new cabinetry, and stylish finishes that are perfect for entertaining and everyday living. The home offers generous bedrooms, updated baths, on a partial block basement, waiting on your touches that will add versatility for a home office or gym. Enjoy the character of original hardwoods paired with contemporary updates throughout. Situated on a quiet street with mature trees, this home provides both privacy and proximity to parks, golf courses, and all the best Atlanta has to offer, including being located 4 miles from top spots such as Monday Night Garage and Hop City. Experience the transformation of this neighborhood, fueled by the booming West End and the revitalized Cascade Road area. Exciting upgrades like the Cascade Road Complete Street Project, with its dedicated bike lane to the Beltline. Don't miss the chance to own a timeless beauty in one of Atlanta's most beloved neighborhoods!

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Location


Property Details


Parking

  • Description: Carport
  • Details: Attached, Garage, Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Partial
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Rock, Stone
  • Foundation: Block
  • Roof Material: Composition

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 14020100040301
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Brick 4 Side, Ranch
  • Year Built: 1953

Tax Information

  • Annual Tax: $4,892

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air
  • Cooling: Central Air

Location

  • County: Fulton

Investment Summary


Monthly Cash Flow
-$1,348
Cap Rate
2.8%
Cash-on-Cash Return
-14.7%
Debt Coverage Ratio
0.45
Internal Rate of Return (5 years)
-10.2%

Purchase Details

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Purchase price:
$479,900
Amount financed:
-$383,920
Down payment:
$95,980
Closing costs:
$14,397
Rehab costs:
$0
Initial cash invested:
$110,377
Square feet:
2,053
Cost per square foot:
$234
Monthly rent per square foot:
$1.07

Financing Details

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Loan amount:
$383,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,458
Property tax:
$408
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,020

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (19%)
19%-$408-$4,892
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (0%)
0%$0$0
Total operating expenses: (44%)
44%-$958-$11,492

Cash Flow


Monthly Yearly
Net operating income:
$1,110 $13,320
Mortgage payments:
-$2,458 -$29,496
Cash flow:
$1,348 $16,176