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Updated about 9 years ago on . Most recent reply

Joshua Zephir's profile image
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Joshua Zephir
  • Investor
  • from Lawrenceville, Georgia
  • Member since May 10, 2016
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Joshua Zephir's profile image
Joshua Zephir's profile image
Joshua Zephir
  • Investor
  • from Lawrenceville, Georgia
  • Member since May 10, 2016
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Joshua Zephir
  • Investor
  • Lawrenceville, GA
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Buying & Selling Real Estate

Turnkey properties

Joshua Zephir
  • Investor
  • Lawrenceville, GA
Posted

I continue to search for my first investment property. I came across a turnkey property. It's a 3 bedroom 1 bath and tenant already in place. Is anyone familiar with this type of investment? Do the numbers make sense? Any replies are greatly appreciated. 

Monthly Rent: $600.00
Yearly Income including a 1 month vacancy: $6,600.00
Annual taxes: $730.64
Annual insurance: $600.00
Annual management and maintenance: $1,320.00
Yearly NOI: $3,949.36
Asking Price: $25,000.00

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