Great Rental in 30083

[Justin Fernandez]

Good Evening,

I have a charming townhouse (No HOA) that has been upgraded from a 2/1.5, to a 2/2.5 in the Stone Mountain area.

Financials

Purchase Price: $33,500.00
Purchase Closing Costs: $600.00
Estimated Repairs: $0.00
Total Project Cost: $34,100.00
After Repair Value: $44,841.00
Down Payment: $33,500.00
Total Cash Needed By Borrower: $34,100.00

Income: $750 (Monthly); $9,000 (Annual)

Total operating expenses: $338.25
Vacancy: $60.00 (8%)
Repairs: $60.00 (8%)
CapEx: $60.00 (8%)
Management: $60.00 (8%)
Property Taxes: $98.25

Income-Expense Ratio (2% Rule): 2.20%

Pictures and info here

www.redlionrealestate.com/901th

Regards,

Justin