Property In Newington GA. Good Or Bad Investment?

[Mike Ojo]

Hello,

I recently came across an opportunity in Newington GA. It's a single family property that can potentially be turned into a vacation rental. Although I'm not so familiar with this area and it is very far out. The property is very close to the lake, and literally 5 minutes walk to the river that gets a lot of boat activity. It's also close to hunting fields. So those 2 things are primary motivators. Below are my basic numbers. Please let me know what you think. And if you have any investments in this area or close by, your take is very much appreciated. Thank you.

Sale price = $17,000

Rehab = $30,000 - $40,000

ARV = $79,000