$775,000

122 Toby Springs Ln Mcdonough, GA 30253

$9,203
Closing credit¹
0.6 acres
House

Property details

About 122 Toby Springs Ln

This updated quadruplex is a rare gem, offering impressive returns and a prime location that sets it apart in the investment market. Appraised at $850,000 following a $120,000 rehab completed within the last 14 months, this 5,192 sqft property boasts a strong CAP rate of 7.78%. Assuming a 6.3% interest rate and full occupancy, the property can generate a combined projected annual gross income of $71,736. With an estimated annual expense rate of 16% of gross income ($11,477.76), the property delivers a Net Operating Income (NOI) of $60,258.24. Projected growth and cap rate: leased on full occupancy rents at $1,850 you will have a cap rate of 9.63% and a positive annual cash flow of $31,418.61. The building features four well-designed units - two with 3 bedrooms and 2.5 baths, and two with 2 bedrooms and 2.5 baths. Each unit is thoughtfully appointed with modern kitchen appliances, spacious living rooms, and recently poured concrete private patios with a storage closet overlooking a large shared yard. The property also includes dedicated parking pads for added tenant convenience. Located less than a mile from downtown McDonough and 2.5 miles from I-75, this home is in a prime location. This quadruplex stands out as a prime investment opportunity, combining modern updates, tenant-paid utilities, and a strategic location to deliver consistent income and strong financial growth - an ideal choice for expanding your portfolio. ***No showings until due diligence period. All units are occupied. Please do not disturb tenants.*** Seller is willing to buy down rate with an acceptable offer.

Highlights

HeatingForced Air, Natural Gas
StatusSale Pending
(Under Contract)
CoolingCeiling Fan(s), Central Air
Lot size0.57 Acres
Year built1986
ParkingOff Street
MLS #10453350

Summary

  • MLS Number: 10453350
  • MLS Name: Georgia MLS 2
  • Office Name: Keller Williams Rlty-Atl.North
  • Listing Agent: Janice Overbeck

IDX Based on information from the Georgia MLS © 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 12:55:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Get an agent. Get a mortgage. Save big.¹

view of front facade

$775,000

122 Toby Springs Ln

$9,203

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

We're sorry, we currently don't have tax history data for this listing.

Nearby schools

5

Wesley Lakes Elementary School

Public District PK-5

0.9 mi

685 McDonough Pkwy

3

Walnut Creek Elementary School

Public District KG-5

1.5 mi

3535 McDonough Pkwy

4

Oakland Elementary School

Public District PK-5

2.7 mi

551 Highway 81 W

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $63,219. Typical income of Mcdonough, GA residents is between $35k-100k annually. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

How much money do the neighbors make?

21%
<35k
66%
35k-100k
13%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

43%
Single, No Kids
23%
Single, with Kids
13%
Married, No Kids
21%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

21%
<11 yrs old
11%
12-17 yrs old
27%
18-34 yrs old
38%
35-64 yrs old
3%
65+ yrs old

What do the neighbors do for fun?

  • Continuing Education CoursesContinuing Education Courses
  • BasketballBasketball
  • Major League Soccer (MLS)Major League Soccer (MLS)

Where do the neighbors shop?

  • Express/Express For MenExpress/Express For Men
  • Ross Dress For LessRoss Dress For Less
  • Banana RepublicBanana Republic

Where do the neighbors go to eat?

  • QdobaQdoba
  • Jasons DeliJasons Deli
  • SonicSonic

What do the neighbors drive?

  • VolkswagenVolkswagen
  • AcuraAcura
  • InfinitiInfiniti

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Christian Adult ContemporaryChristian Adult Contemporary
All data provided by Home Junction and Claritas

Similar homes for sale

Frequently asked questions

About 122 Toby Springs Ln

This home is located at 122 Toby Springs Ln in Mcdonough, GA and zip code 30253. Features: 0 bathroom. It has been listed on Rocket Homes since February 5, 2025 and is currently priced at $775,000.

While more than 27 listings in Mcdonough, GA in February 2025 were sold above asking price, there were more than 21 listings sold at asking price, and more than 61 were sold below. The inventory of homes for sale in Mcdonough, GA between January and February 2025 increased by 13.5%. Listings spent 66 days on the market in February 2025, and had a median list price of $355,142 during the same period.

From Rocket Homes Real Estate and based on county public records data.

More resources