BiggerPockets

Description:

Absolutely gorgeous 5/4 with all the upgrades! <br><br>This home should appear in Southern Living Magazine. <br><br>
Signed triple net lease option tenant in place subject to your acquisition. <br><br>Tenant handles ALL maintenance and repairs. <br><br>Tenant has entered credit repair program and executed 24 month lease option agreement. <br><br>Tenant has executed bank draft authorization so all payments direct deposited into your account upon our assignment of the lease at closing.
<br><br>
$806/Mo cash flow. <br><br>135% Cash on Cash Return.<br><br>
Your price $504k, <br><br>Option price $648,900 with $18,900 rent credit for on time payments. <br><br>Your profit $145,344 (GP +CF). <br><br>
Current TRUE FMV $630k<br><br>
This is a ROCK SOLID deal. You are buying at 20% below true current FMV with a 24 month exit strategy in place and cash flow until then. <br><br>
For a complete due diligence package including last appraisal, property tax records, comps in the last 12 months, current listings, copy of the triple net lease option agreement, etc., please contact <br><br>Vincent Polisi at The Wealth Consortium at 404-474-1878 or via email at vincent@thewealthconsortium.com