Atlanta Turn Key Properties

[Daniel Dadzie]

1. 1. 2097 Verbena St NW, ATLANTA, GA 30301

Rent: $900 * 12 = $10,800

Taxes: $400 (estimated)

Insurance: $700 (estimated)

Property Management: $1,080 (estimated)

Net Income: $8,620

ROI: 17%

This is a 8 bedroom, 2 baths, 200 sq. ft. property maximizing bedroom space-both upstairs and the basement . The make-up can be up to eight bedrooms with two bathrooms for the large extended size family; however, all rooms on the lower lever do not meet criteria as 'bedrooms'. Yard space is limited for the potential number of bedrooms and persons possibly on this lot. The basement level is currently not occupied, but access is possible. This is ideal for a very large extended family. Or convert it to a rooming house to generate insane cash flow!!! There is currently a tenant in the home that's paying $900 per month.

Asking : $52,000

2. 5675 Koweta Road, COLLEGE PARK, GA 30337

Buy-Hold Analysis:

Rent: $1,050 * 12 = $12,600

Tax: $565 (estimated)

Insurance: $1000 (estimated)

Property Management: $1,260

Net Income: $9,775

Purchase plus Repairs: $50,000

ROI: 20%

Rent Potential: $1,050

Repairs: $5,000 (if holding as rental), $10,000 (for retail flip)

This is a nice and clean 3 bedroom, 2 bath property with 1150 sq ft (Tax records are out of date - a bed and bath was added to make it 3 beds & 2 baths). It needs minimal work to get it in move-in ready condition. Here's a list of repairs for rental:

-Carpet in two back bedrooms, hallway and living room

-Linoleum in kitchen and hall bath

-Trim in kitchen ceiling

-Side door needs adjustment

-Deck needs some repair, paint and bolt etc.

Estimated: $5000

If flipping, add new roof, power wash, exterior paint, landscaping etc. for another $5,000

Flip Analysis:

Purchase: $45,000

Repair: $10,000

ARV: $70,000

Profit: $15,000

Comps:

4002 Robin Cir, 3/2.5, Sold 09/2015, Price: $101,900, Price/Sq ft: $78

3253 Diamond Blf, 4/2.5, Sold 10/2015, Price: $75,500, Price/Sq ft: 68

455 Boxelder Rd, 3/2.5, Sold 11/2015, Price: $102,000, Price/Sq ft: 61

Using the lowest comp for valuation, 1150 sq ft * $61/sq ft = $70,150

Asking: $44,999

3. 1015 HUNTINGTON TRCE SE, SMYRNA, GA 30082

Totally renovated 3 bedroom, 3.5 bathroom townhome in sought-after Cobb community! This home is very well maintained. HVAC, electrical and plumbing are updated in the last couple of years. Recently it was renovated again after the tenant left in Dec 2015. It's in move-in ready condition. If you are an investor, this will be a great addition to your rental portfolio with a great balance of value and cash flow! Here's the economics of holding it as a rental:

Rent Potential: $1000

Rent: $1000 * 12 = $12,000

Tax: $540 (estimated)

Insurance: $500 (estimated)

Property Management: $1,200

Net Income: $9,760

ROI: 13%

Asking: $74,900

4. 2210 BAKER ROAD NW, ATLANTA, GA 30301

This is a 4 bedrooms 2 bathrooms, 1,922 sq ft property. It is currently renting at $1,000 mo. Tenants still have 8 months on the lease.

Estimated Rental ROI:

Purchase Price: $43,000

Rent: $1,000*12= $12,000

Estimated Property Mgmt: $100*12= $1,200

Estimated Insurance: $500 (estimated)

Property Tax: $305 (estimated)

Estimated Net Rental Income $9,995

Estimated Net ROI $9,995/$43,000= 23%

Asking: $43,000