Is this a good deal? TN needs help on atlanta
I'm currently living in memphis. My agent lined up a deal for three homes in stone mtn Atlanta that bring in about 2700 a month. Asking is 250k. I did the numbers and they sound good with 20% down. 1.2% on 2% rule.
19% coc roi.
8.6% cap rate. From bigger pockets calculator.
what do you fine folks think? good deal?
and also, Is there a creative way around dropping 20%(50k) on this deal out of pocket or is that just a fact of life.
Long time listener first time caller