2124 Hickory Bend Se, Conyers, GA 30013
Local realty services provided by:Better Homes and Gardens Real Estate Metro Brokers
2124 Hickory Bend Se,Conyers, GA 30013
$410,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:janice overbeck
Office:keller williams realty atl north
MLS#:7562389
Source:FIRSTMLS
Price summary
- Price:$410,000
About this home
Welcome to this well-maintained four-sided brick duplex, where each 2048 sqft unit has 3 spacious bedrooms and 3-bathroom - each designed for comfort and convenience. Over $70,000 in renovations/upgrades in 2021 Inside, each unit features a cozy family room with a fireplace, a functional kitchen with black appliances and generous cabinetry, and a dedicated laundry room. Bedrooms are comfortably carpeted with ceiling fans throughout, while each primary suite offers a spacious walk-in closet and abundant natural light. Outside, the fenced backyard provides a private space to relax or entertain. The area is also seeing rapid growth, with 5,600 new jobs coming to major employers like Rivian, Archer Aviation, and Meta - all within a 10-minute drive. Plus, with average rents for 3-bedroom rentals in the area currently around $1,775, there’s clear potential for future rent increases. Whether you're seeking rental income or a multi-generational living solution, this property offers the ideal combination of versatility, value, and steady returns.Unit A rents for $1,560/month and Unit B for $1,657/month, generating a total monthly income of $3,217, or $38,604 annually. With estimated annual expenses at 16% of gross income ($6,176.64), this property delivers a solid Net Operating Income of $32,427.36 and a cap rate of approximately of 7.91%. Assuming a 20% down payment and a 30-year fixed mortgage at a 6.5% interest rate, annual debt service is estimated at $24,872.40. This results in an estimated pre-tax cash flow of approximately $630/month or $7,555/year in the first year - making this duplex a compelling option for investors seeking steady returns. MARKET RENT POTENTIAL: Average rents for 3-bedroom rentals in this area are currently around $1,775/month. At that rate, total monthly income would increase to $3,550, or $42,600 annually. With the same 16% expense ratio, operating expenses would be approximately $6,816, resulting in a Net Operating Income (NOI) of $35,784. This would raise the cap rate to 8.73%. With a $410,00 purchase price, a 20% down payment ($82,000), and an estimated annual debt service of $24,864, projected cash flow would increase to $10,920/year - delivering an improved cash-on-cash return of 13.3%. . ***No showings until due diligence period. Please do not disturb tenants.*
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Home facts
- Year built:1984
- Listing Id #:7562389
- Updated:August 03, 2025 at 01:22 PM
Heating and cooling
- Cooling:Ceiling Fan(s), Central Air
- Heating:Central, Forced Air
Structure and exterior
- Roof:Composition
- Year built:1984
- Lot area:0.31 Acres
Schools
- High school:Salem
- Middle school:Memorial
- Elementary school:Peek's Chapel
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$410,000
- Tax amount:$7,506 (2024)
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