If you’ve been considering real estate as an investment, you’re not alone. More people are turning to real estate for long-term wealth building and passive income opportunities. But how do you find the right property? One of the most important factors is flexibility—whether you're interested in long-term rentals or exploring the booming short-term rental market with platforms like Airbnb.
If this sounds like your goal, then you’ll want to check out this fantastic opportunity: 613 Harrington Hills, a 2019-built townhome in a community with no rental restrictions. Whether you want to rent it long-term or dip your toes into short-term rentals, this property offers exceptional flexibility.
Why 613 Harrington Hills?
This townhome is located just 10 minutes from Downtown Decatur, a thriving area with excellent access to restaurants, parks, and schools—making it a desirable location for both renters and homeowners alike. The property is in like-new condition with a low monthly HOA fee of just $260, helping keep costs manageable for investors.
Key Details to Consider:
- The sellers are offering a $14,000 Buyer Credit to go toward closing costs—meaning more savings in your pocket.
- This comparable townhome in the same community rented out for $3,300/month in May 2024—and it only took 12 days to find a tenant!
- This means a 7.44% yield at the full list price of $490,000—and the price is negotiable.
The Short-Term Rental Opportunity
Are you interested in getting started with Airbnb? Short-term rentals can provide even higher returns than traditional long-term leases, depending on demand and occupancy rates. As an example, this nearby property is currently renting out 2 bedrooms and 1 bath for $293 per night on Airbnb.
If you rented this townhome for just 15 nights per month at a similar rate, you’d bring in an additional $4,395/month in income. That’s the kind of cash flow that makes real estate investing so attractive!
Comparing the Market
It’s always a good idea to know how similar properties are performing. In the case of 613 Harrington Hills:
- A comparable townhome in the same community sold last year for $515K.
- These other nearby townhomes are averaging $556K in sales price.
With numbers like that, it’s clear that this property is priced competitively, making it an excellent entry point for first-time investors or those looking to expand their portfolio.
Ready to Dive Into Real Estate Investing?
Who do you know that’s looking for a solid, long-term rental property? Or maybe you’re thinking about “house-hacking”—living in one part of the home and renting out the other. You might even know someone ready to start a luxury Airbnb in a prime Decatur location.
Investing in real estate is one of the best ways to build long-term wealth, and 613 Harrington Hills offers flexibility, income potential, and strong market comps to support your decision.
If you’re ready to take the next step, let’s connect. Call or text Judy at 470-MY-HOUSE to chat about how this property could fit into your real estate investment plans.
