Active Income-Producing Rental | 987 Harwell Street, Atlanta, GA Investor opportunity with immediate cash flow. Welcome to 987 Harwell Street, a beautifully renovated tenant-occupied single-family home located at the quiet end of a dead-end street in the heart of Atlanta. This property is currently generating $3,171 per month in rental income, offering buyers instant income from day one. Property Overview Purchase Price: $350,000 Current Rent: $3,171/month Annual Gross Rent: $38,052 Tenant in Place: Yes Condition: Fully renovated, move-in ready Location: Quiet end-of-street setting with no through traffic Location Highlights Centrally located near Atlanta's major employment, entertainment, and education hubs including Mercedes-Benz Stadium, Georgia Aquarium, State Farm Arena, Atlanta University Center, Georgia Tech, Downtown Atlanta, and West Midtown. Easy access to public transportation, major roadways, shopping, and dining supports consistent rental demand. Investor Pro-Forma (Estimated) (For informational purposes only; buyer to verify) Annual Operating Expenses Property Taxes: $4,846 Insurance: $1,500 Property Management (5%): $1,903 (optional) Maintenance & Repairs (5%): $1,903 Vacancy Reserve (3%): $1,142 Misc / Admin: $300 Total Estimated Expenses: $11,494 Net Operating Income (NOI): $26,558 annually Return Metrics Cap Rate: ~7.6% (based on asking price) DSCR (75% LTV est.): ~1.23 Estimated Monthly Cash Flow (levered): ~$421 Why Investors Like This Property Strong rent-to-price ratio Renovated condition minimizes near-term CapEx Quiet street improves tenant retention Central Atlanta location supports long-term appreciation Solid DSCR for typical investor financing Excellent future refinance potential as rates decline Property is tenant-occupied - showings subject to tenant cooperation. Financials are estimates and provided for informational purposes only.

Listing courtesy of Realty Hub of Georgia, LLC



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Last checked: 2026-02-05 01:49 AM UTC