427 Garrett Circle
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 25, 2025 | Sold | ||
| Sold | |||
| Jan 22, 2025 | In contract | - | |
| In contract | |||
| Dec 27, 2024 | Listed by Atlanta Communities | $360,000 | |
| Listed by Atlanta Communities | |||
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This traditional brick ranch on 2 acres is a standout property, featuring 3 bedrooms, 2 baths, and recently remodeled kitchen and bathroom. The separate 2-car garage, updated with a new roof and decking last year, includes a workshop for added convenience. A versatile outbuilding with a bathroom, hot water heater, heat, and shower-ready plumbing offers great potential-perfect for a rental, guest suite, or private studio. The exterior showcases a newly added black chain-link fence around the side and backyard, a wood fence in the front, and an elegant iron gate with keypad and remote opener. The backyard is a true retreat, featuring a beautiful magnolia tree and a large garden, perfect for outdoor enthusiasts. The freshly painted back deck and a unique tree-house complete the outdoor space. Conveniently located, this property is approximately 10 minutes from the University of West Georgia, downtown Carrollton, and various shopping centers, providing easy access to education, dining, and retail options. This property blends space, versatility, and thoughtful updates. Schedule a showing to see its full potential.
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| Dec 11, 2023 | Sold | ||
| Sold | |||
| Oct 11, 2023 | Listed by Century 21 Novus Realty | $335,000 | |
| Listed by Century 21 Novus Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017