203 Rountree Road, Riverdale, GA 30274 💰 Asking Price: $155,000 🏡 Property Type: Single-Family Home 🛏️ Beds / Baths: 3 Beds / 2 Baths 📐 Living Area: 1,456 Sq Ft 🚗 Garage: 2-Car Attached Garage 🏡 Occupancy: Tenant Occupied 💵 Current Rent: $1,500/month
Photos:
https://drive.google.com/drive/folders/1VmOwjr-VjfObJZ-b5VQhhPdW850FAl37
This is a clean, low-rehab opportunity with newer flooring, a 2-car attached garage, and primarily cosmetic updates needed.
⭐ PROPERTY HIGHLIGHTS
✔ Very clean 3-bedroom, 2-bath home ✔ 1,456 Sq Ft living area ✔ 2-car attached garage ✔ Newer flooring already installed ✔ Mainly cosmetic updates needed ✔ Roof approximately 10 years old ✔ Currently rented at $1,500/month ✔ Priced below several recent comparable sales ✔ Multiple exit strategies ✔ Strong candidate for Fix & Flip or Buy & Hold
🔧 CONDITION & ESTIMATED REHAB
💰 Estimated Rehab Cost: $35,000 – $45,000
➡️ Although the property is described as very clean, the estimated renovation budget allows room for updating the home to a stronger retail standard.
Final rehab should be verified through inspection and contractor bids.
📈 AFTER REPAIR VALUE (ARV)
💵 Estimated ARV: $230,000 – $250,000
The projected ARV is supported by the provided recent comparable sales in Riverdale, GA 30274, including a SOLD comp on the same street.
📊 RECENT SOLD COMPS
(Buyer to verify)
🏠 629 Rountree Rd, Riverdale, GA 30274 💰 Sold Price: $250,000 ✔ Same-street comparable supporting the lower end of the projected ARV.
🏠 7436 Dartmouth Ct, Riverdale, GA 30274 📐 1,680 Sq Ft | 3 Beds / 3 Baths 💰 Sold Price: $268,000 ✔ Larger comparable supporting the mid-to-upper $200K range.
🏠 7103 Apache Ln, Riverdale, GA 30274 📐 1,575 Sq Ft | 3 Beds / 2 Baths 💰 Sold Price: $279,500 ✔ Similar size and bedroom/bath configuration supporting the upper ARV range.
📌 COMPS INSIGHT
📉 Lower Retail Range: $250K–$260K 📊 Core Retail Range: $260K–$270K 📈 Upper Retail Range: $275K–$280K
➡️ The provided SOLD comps support an estimated ARV of $230K–$250K, with the strongest comparable at 7103 Apache Ln selling for $279,500.
💵 RENT / BUY & HOLD POTENTIAL
🏠 Current Rent: $1,500/month
🏠 Estimated Market Rent: $1,700 – $2,000/month
✔ Existing tenant provides immediate rental income ✔ 3-bedroom layout supports broad tenant demand ✔ 2-car attached garage adds rental appeal ✔ Newer flooring helps reduce immediate turnover costs ✔ Strong option for a long-term rental or BRRRR strategy
Final market rent and lease terms should be independently verified.
📊 INVESTMENT SNAPSHOT
💰 Purchase Price: $155,000 🔧 Estimated Rehab: $35K – $40K 📈 Estimated ARV: $230K – $250K 🏠 Current Rent: $1,500/month 💵 Potential Market Rent: $1,700 – $2,000/month
🎯 EXIT STRATEGIES
✔ Fix & Flip ✔ BRRRR Strategy ✔ Buy & Hold Rental ✔ Long-Term Appreciation
📌 DEAL TERMS
💰 Asking Price: $155,000 🔧 Estimated Repairs: $35,000 – $45,000 📈 Projected ARV: $230,000 – $250,000 🏡 Occupancy: Tenant Occupied 💵 Current Rent: $1,500/month 🚗 Garage: 2-Car Attached