226 HOWELL DR SW, Atlanta, GA 30331
Welcome to your next investment opportunity or future dream home! Nestled in the vibrant community of Atlanta, 226 Howell Drive is a charming property that combines potential with prime location, making it an absolute gem for first-time homebuyers and savvy investors alike. Whether you're looking to put down roots or expand your real estate portfolio, this home offers endless possibilities. Key Features: 3 Bedrooms, 2 Bathrooms: A spacious layout perfect for comfortable living or creating a lucrative rental property. 1,350 Sq. Ft. of Living Space: Generously sized rooms with great bones, ready for your personal touch. Cosmetic Work Needed: A little TLC will go a long way-imagine transforming this home into a stylish haven or a cash-flowing rental property. Prime Location: Situated in a sought-after Atlanta neighborhood, close to local parks, schools, dining, and shopping. Why 226 Howell Drive? New, Affordable Price Point: Priced to sell, this property offers an incredible opportunity to own a home in Atlanta without breaking the bank. With a little investment in cosmetic updates, you can build equity quickly or set yourself up for strong rental income. Endless Potential: Whether you're a DIY enthusiast or an investor with a vision, this home is a blank canvas awaiting your creativity. Update the kitchen and bathrooms to modern standards, refinish the hardwood floors, and add a fresh coat of paint to make this house shine. The possibilities are endless, and the rewards are yours to reap. Investor's Dream: Looking to generate passive income? This property is ideal for a rental-it's located in a high-demand area where tenants are always looking for well-maintained homes. With minimal upgrades, you can have this property market-ready and generating income in no time. Prime Location: Location is everything in real estate, and 226 Howell Drive has it all. Enjoy the convenience of being just minutes away from Atlanta's bustling city center, while still tucked away in a peaceful neighborhood. You'll have quick access to major highways, making commutes a breeze. Plus, you're near parks, schools, and a variety of shopping and dining options. More Than Just a House This isn't just a house; it's an opportunity to craft the lifestyle you want or create a steady stream of income. Picture yourself enjoying morning coffee on the porch, entertaining friends and family in a cozy living space, or handing over keys to your new tenants who will love the home as much as you do. Book Your Showing Today! Homes with this much potential at such an attractive price point don't last long on the market. Don't miss your chance to see 226 Howell Drive in person. Whether you're a first-time homebuyer ready to create your dream home, or an investor seeking a property with high ROI potential, this is the one you've been waiting for. Call today to schedule a private tour and see for yourself why 226 Howell Drive is the perfect place to invest in your future.
You may be able to put down less than the total down payment amount of $139,129 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Frequently asked questions
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #10370829
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.