4021 Evelyn Dr Powder Springs, GA 30127
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About this home
Investor's dream or multi-generational living opportunity in the heart of Cobb County. This remodeled split-level home is perfectly designed for flexibility, income potential, and modern living. Whether you are searching for a property to generate rental income, a home that accommodates extended family, or a move-in ready residence with room to grow, this one has it all. The main and upper levels feature three spacious bedrooms and two full bathrooms along with an updated kitchen that flows easily into a separate dining room and a large family room. Big secondary bedrooms and a refreshed family bath provide comfort for everyone, while the oversized deck and backyard extend the living space outdoors and create the perfect setting for entertaining or relaxing. The terrace level lives like a separate apartment with its own private entrance. It offers two large bedrooms, a full bathroom, a fully equipped kitchen, private laundry, and a cozy family room. This space is ideal for multi-generational households, long-term tenants, or short-term rental opportunities, adding versatility and value to the property. Shared utilities keep management simple, while the ample driveway provides plenty of parking for multiple vehicles. Conveniently located near top schools, shopping, dining, and major highways, this home blends everyday convenience with strong investment upside. Rarely does a property offer this much flexibility, functionality, and income potential in such a desirable Cobb County location.
Source: GAMLS #10615465
Neighborhood
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FAQs
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.
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.
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.
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.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.