$765,000

122 Toby Springs Ln Mcdonough, GA 30253

$9,084
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
StatusActive
CoolingCeiling Fan(s), Central Air
Lot size0.57 Acres
Year built1986
ParkingOff Street
MLS #10453350

Virtual tour

Summary

  • Basement: No
  • Attached Garage: No
  • Parking: Off Street
  • Heating: Forced Air, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • List Price: $765,000
  • HOA Amount: $0
  • Directions: From I-75 S, take exit 221 and turn left on Fayetteville Rd/Jonesboro Rd. Then take the second exit at the traffic circle to a right on Geranium Dr. Turn right on Toby Springs Connector and right on Toby Springs Ln. The property will be on the right.
  • Year Built: 1986
  • Lot Size: 0.57 Acres
  • 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.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/21/2025, 8:20:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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122 Toby Springs Ln, Mcdonough, GA 30253 - rear view of house featuring a chimney and a lawn

$765,000

122 Toby Springs Ln

$9,084

closing credit¹

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Price information

Property sales

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Tax history

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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. Residents of this area typically 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

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Frequently asked questions

About 122 Toby Springs Ln

The listing price of 122 Toby Springs Ln property is $765,000.

The property 122 Toby Springs Ln is a house located in Mcdonough, Georgia, 30253.

Active Listing: 122 Toby Springs Ln is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 122 Toby Springs Ln are: Wesley Lakes Elementary School (GreatSchools Rating 5/10), Walnut Creek Elementary School (GreatSchools Rating 3/10), Oakland Elementary School (GreatSchools Rating 4/10), McDonough Middle School (GreatSchools Rating 4/10), Eagle's Landing Middle School (GreatSchools Rating 4/10), Union Grove Middle School (GreatSchools Rating 7/10), Excel Academy (GreatSchools Rating 2/10), McDonough High School (GreatSchools Rating 2/10), Union Grove High School (GreatSchools Rating 7/10).

The property at 122 Toby Springs Ln has 0 bathroom.

The year of construction for 122 Toby Springs Ln is 1986.

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 $765,000.

While more than 19 listings in Mcdonough, GA in April 2025 were sold above asking price, there were more than 52 listings sold at asking price, and more than 75 were sold below. Between March and April 2025, Mcdonough, GA real estate market has seen increase in the number of listings by 19.1%. In April 2025, listings were on the market for 63 days. During the same period, the median list price in this real estate market was $350,497.

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

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