Professional · Portland, OR · Member since 2017 · 21 posts · 16 votes
9y
Hey there @Marques Johnson, what do you mean by high end turnkey rental properties? Price range? Expected monthly rent? We work with groups that offer brand new homes that are priced to qualify as turnkey homes and come with warranties. Unfortunately, they are not located in the Fairburn area, but that's what I would consider more of a higher end turnkey solution. Let me know if there's anything I can do to help out.
Ellenwood, GA · Member since 2016 · 70 posts · 10 votes
9y
Seller is asking 210k current tenants are paying 1800 a month, turnkey because only rehab needed would be touch ups to get it ready for next tenants in May when current tenants lease ends.
Real Estate Agent · Lilburn, GA · Member since 2016 · 40 posts · 17 votes
9y
What is your question exactly? Is it about whether or not it sounds like a good investment? If so, assuming 50% rule, you're looking at around a 5% cap rate with an all cash purchase with those numbers. If you are talking debt service then you would only be breaking even until about 30% down, and then you're looking at 2% returns.
Making plenty of assumptions here, so you'd have to run your own specific numbers to truly know, but in broad strokes this investment ranges from "meh" to "might as well invest in a CD".