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Investment @property Directory

Property for Sale » United States » Georgia » Powder Springs » Vineyard Place

$410/mo Cash Flow

Residential Income Property (Single Family Rental)

Listing Expired over 3 years ago

List Price:

$264,000

XXXX Scotney Castle Lane
Powder Springs, Georgia 30127 Get Map


Posted July 09, 2008



Description:

Triple Net Lease Option Tenant in Place subject to your acquisiton.<br><br>
Tenant has entered a credit repair program to qualify for an FHA loan within 24 months. <br><br>
Lease Option term is 24 months.
Tenant has executed bank draft authorization form for direct deposit of lease payments. <br><br>
Triple net lease structure, tenant handles ALL repairs and maintenance<br><br>.

Your Price: $264,000<br><br> FMV: $330,000<br><br> Option Price: $339,900 with $9,900 rent credit for on time payments<br><br> Your Profit: $75,853 (GP+CF)<br><br> For a complete due diligence package including comps, listings, property tax records, lease option agreement, P&S agreement, etc., please contact <br><br>Vincent Polisi at The Wealth Consortium at 404-474-1878 <br><br>or at vincent@thewealthconsortium.com