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18
Posts
2
Votes
Shanna Beverly
  • Wholesaler
  • Red Oak, GA
2
Votes |
18
Posts

RECENTLY REDUCED PRICE on 3BR/3BA 1,313S/F Townhouse in CONYERS, GA

Shanna Beverly
  • Wholesaler
  • Red Oak, GA
Posted Sep 18 2014, 14:59

Looking for Real Estate Rental Investors and/or Rehabbers! Property is a 3BR/3BA 2 story Townhouse, 1,313 sqft., fireplace, new roof installed 7/2014. Home is within walking distance to schools, parks and shopping areas & only 5-7 minutes from Hwy. 20.

Repairs estimated at 7-8k. We are asking for $42,500, ROI is 29.71% with an ARV of $67k based on CMA, and a Cap Rate of 17.91% based on rental rates.

After Repair Value = $67,000 Purchase Price = $42,500 Repairs = $7,500

Profit estimate = $17,000

  1. Cost Factor                 Annual 
  2. Rent Rate   $750        $9,000 
  3. Taxes                             $734 
  4. Insurance                      $654 
  5. HOA 0
  6. Net income                $7,612 
  7. Sale Price                $42,500 
  8. Cap Rate (ROI) 17.91%


SELLER HIGHLY MOTIVATED, Make Us An Offer Today!!! Go To http://www.flyinside.com/tour.php?id=87249 for Tour.

  1. Georgia Prime Holdings LLC
  2. 678-871-6366/404-754-7792