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Updated over 8 years ago on . Most recent reply

User Stats

309
Posts
132
Votes
Rush Wall
  • RE Investor
  • Newnan, GA
132
Votes |
309
Posts

Off Market Duplex in Atlanta

Rush Wall
  • RE Investor
  • Newnan, GA
Posted

Off market duplex located in 30310 zip code of Atlanta. Property is less than a half mile from Tyler Perry Studios at Fort McPherson. This property will cash flow in an appreciating area with only cosmetic repairs (repair roof, patch ceilings, re-finish floors, interior paint). Current market rents in the area for 2 bedroom is $750 a month. Call, text or email for lockbox code. Perform your due diligence before submitting offer, must have ability to close quickly.

Pictures

Purchase Price - $65,000

Repairs - $15,000

ROI Breakdown:

Monthly Rent - $1,500

Rent x 12 = $18,000

Taxes (2015) = $453

Property Management (8%) = $1,440

Maintenance (10%) = $1,800

Insurance Estimate = $500

Net Annual Cash = $13,807

ROI % = 17.25

Offering

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