Active$139,900
3 bd1 ba841 SFSingle-family home
1201 Lake Drive
Jonesboro, GA 30236 · Duncan Heights · 8 days listed
FMLS #7854182 · Listing Provided By Century 21 Connect Realty · 786-227-8724
Active22 days listed
121 N Lake Drive, Jonesboro, GA 30236
- 3bd
- 1ba
- 936SF
- 0.24ac lot
FMLS #7851453 · Listing Provided By RE/MAX Advantage · 770-478-7950 · Listing agent Kent R Miller
About this home
All brick 3 bedroom 1 bath ranch with large deck and large cover car cover in driveway. Walking distance to Jonesboro High School. The property is convenient to everything. It is currently tenant occupied. Please DO NOT DISTURB TENANT. This property is great for a starter home or add to your investment portfolio.
How this list price compares in Jonesboro
- List price is 50% below the Jonesboro median list price of $260,000 (295 homes).
- Compared with 253 single-family homes in Jonesboro: 51% below the median of $265,000.
- List price per square foot is 9% below the Jonesboro median of $152/SF.
- All 295 homes for sale in Jonesboro, GA.
- 837 homes for sale in Clayton County.
Figures are list prices from current FMLS IDX inventory (Active, Active Under Contract and Pending), not sales prices or appraisals.
Home facts
- Property type
- Single-family home
- Status
- Active
- Bedrooms
- 3
- Full baths
- 1
- Living area
- 936 SF
- Lot size
- 0.24 acres
- Year built
- 1958
- Levels
- One
- Main-level bedrooms
- 3
- Parking
- Carport, Detached
- Style
- Ranch
- Construction
- Brick, Brick 4 Sides
- Roof
- Composition
- Flooring
- Carpet, Vinyl
- Heating
- Central
- Cooling
- Ceiling Fan(s), Central Air
- Appliances
- Electric Range
- Lot
- Level
- HOA
- No
- Annual tax
- $2,142 (2024)
- County
- Clayton
Assigned schools
- HighJonesboro
- MiddleJonesboro
- ElementaryJames Jackson
As reported in the listing. Verify with the school district.
Payment estimate
Estimate the monthly payment
Prefilled with the list price of $129,000 and this week's average rate. Change anything to see your number.
Estimated monthly payment
$1,149/mo
- Principal and interest
- $798
- Property tax
- $179
- Home insurance
- $125
- Mortgage insurance
- $48
- HOA dues
- $0
- Loan amount
- $116,100
- Cash down
- $12,900
This is an estimate only. Not a lender, not a loan offer and not a rate quote. Rates: Freddie Mac PMMS weekly average for 2026-10-22: 30-yr 7.32%, 15-yr 6.68%. Tax uses the annual tax amount in the listing; insurance assumes $1,500 a year. Conventional adds 0.5% a year mortgage insurance under 20% down; FHA uses 3.5% minimum down, a 1.75% upfront premium financed and 0.55% a year MIP; VA adds a 2.15% funding fee financed under 5% down and no monthly MI. Talk to a licensed lender for a real quote.
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Beyond homes
Also exploring Georgia investment real estate?
Jeff Crowe is a local, full-service agent with CENTURY 21 The Avenues who also works with buyers and sellers of apartment buildings, churches, commercial property and land across Georgia. The pages below are other property types and investor research, separate from this home listing.
Other property types for sale
- apartment complexes for sale in GeorgiaApartment buildings and complexes for sale across Georgia.
- Georgia multifamily investment properties for saleDuplexes to large complexes, with screening cap rates on each building.
- churches for sale in GeorgiaChurch buildings and sanctuaries for sale statewide.
- Atlanta church buildings for saleChurch buildings for sale in Atlanta.
- warehouses for sale in GeorgiaWarehouse and distribution buildings for sale.
Investor research and tools
- Georgia multifamily cap ratesMedian screening cap rates on Georgia and Atlanta apartment asks, with sample sizes.
- net operating income explainedHow NOI is built on an apartment building, line by line, and where listing NOI goes wrong.
- DSCR loans for apartment buildingsDSCR loans for apartment buildings: the 1.25x test, what lenders size on, and Georgia asks.
- how to use gross rent multiplierGross rent multiplier on apartment buildings: the formula, Georgia asking GRMs, and when GRM misleads.
- cap rate and NOI calculatorBuild NOI from rents and expenses, then solve for cap rate, price, or value.
- DSCR calculatorRent roll, expenses and the loan in one model: NOI, DSCR, cash-on-cash, cash flow, PDF.
Thinking about a rental or a building instead? Send Jeff a message.
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