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Updated over 9 years ago on .

User Stats

515
Posts
143
Votes
Mike Watkins
  • Wholesaler
  • Powder Springs, GA
143
Votes |
515
Posts

Turnkey Rental with upgrade potential and it's $21,000 OFF

Mike Watkins
  • Wholesaler
  • Powder Springs, GA
Posted

Collect cash at closing. Current tenant is paying $900 per month. Great potential upgrade for renting each room out. With in 10 minutes of 9 colleges (including Morris Brown and Morehouse Colleges) you could rent out each room $630 per month. That's $5,040 per month. Don't forget to have their moms co-sign. So right now it;s a 16% cap and that's with $5,000 repairs, $3k closing

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