All Forum Posts by: 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This is a nice and clean 3 bedroom, 2 bath property with 1150 sq ft (Tax records are out of date - a bed and bath was added to make it 3 beds & 2 baths).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

This is a portfolio of 35 homes including 2 duplexes generating $34,000/month rental income. About 90% properties are section 8 - which means guaranteed income! 

Market value of the portfolio is $2.8M. Asking $1.9M. It is an ALL or NONE deal. All 35 homes must be purchased as a package.

 If you have any interest or know of an investor who might be interested, please forward this along. We can pay referral

Happy Investing:)

Daniel Dadzie

• 1.120 Leathers Circle NW, Atlanta, GA 30314

Rented: $1124 (Section 8)

Asking: $70K

• 2.290 Sciple Terrace NW, Atlanta, GA 30314

Rented: $1150

Asking: $80K

• 3.1107 Rebel forest Dr SE, Atlanta, GA 30315

Rented: $850/month

Asking: $50K

• 4.3519 Adkins Road NW, Atlanta, GA 30331

Rented: $850/month

Asking: $50K

• 5.2259 Nelms Drive SW, Atlanta, GA 30315

Rented: $850/month

Asking: $50K

• 6.1126 West Ave SW, Atlanta, GA 30315

Rented: $900/month (month-to-month)

Asking: $55K

• 7.17 Truman #2 SE, Atlanta, GA 30315

Rented: $650/month

Asking: $35K

• 8.1929 North Ave NW, Atlanta, GA 30318

Rented: $600/month

Asking: $30K

• 9.3993 Flakes Mill Road, Decatur, GA 30034

Rented: $775/month

Asking: $55K

• 10.7595 Sunstone Dr, Jonesboro, GA 30236

Rented: $1000/month to same tenant for past 11 years!

Asking: $85K

• 11.3353 E Royal Ct, Macon, GA 31217

Has a non-paying tenant, Needs some work - new toilet, shampoo, carpet, paint etc.

Asking: $35K

• 12. 5510 Sturbridge Way, ATLANTA, GA 30349 Rent: $750 * 12 = $9,000
  
  Property Mgmt: $900 (estimated at 10% of rent)
  
  Insurance: $400 (estimated)
  
  Property Tax: $400 (estimated)
  
  Net Income: $7,300
  
  Purchase + Repairs = $45,000
  
  ROI: $7,300/45,000 = 16%

Asking: 39,900

13. 82 Moury Street, ATLANTA, GA 30315

3/2 Fully rehabbed turnkey rental.

Central heat and air. Wall to wall carpet.

Rent is $800 * 12 = 9,600

Taxes: $669

Insurance: $550

Professional Management: $960

Net ROI: 15.5%

Asking: 48,000

14.1947 Marbut Forest Dr, LITHONIA, GA 30058

Home is currently vacant, previous tenant was paying $850 a month. Rent-O-Meter Estimate: $895/mo. for a 3bd or $975/mo as a 4bd. Needs only cosmetic repairs (clean up etc.) to get ready to the next tenant.

Asking: 64,900

I hope that everyone's week is starting off well. I've got these individual houses for sale and I'm checking to see if you have customers for them. We can discount and sell this as a package as well.

These properties generate a combined $30,000+ per year in rent after taxes and expenses. The renters pay for their own utilities, including water. Below listed, is important information about the properties. These rentals will come without any major issues, as the property manager has been diligent in repairing problems as they've come up, and rehab work has been done where detailed below. Interested buyers will receive spreadsheets and additional info on each property.

The package is for sale for $160,000 or best offer. This property is being offered at a cap rate of 0.1875. Also, you can buy any property separately.

1. 37 S. Avondale Ave., Columbus, OH 43222 - 1400 sqft.

Duplex -- 1st floor -- 1 bed, 1 bath, Living Rm, Big Kitchen, Basement Rent: $350.00

2nd floor -- Separate Entrance, Big Kitchen, Living Room, Attic w/stair entrance Rent: $300.00

Total Rent - $650.00 Individual Sale Price: $28,500

2. 854 Murray Ave., Columbus, OH 43219

2 Bed, 1 Bath, 700 sqft., Attached Garage, New Windows, Hot Water Tank, 3 Year Old Furnace,

Recent Rehab

Rent - $550.00 Newly Leased for 1 Year Individual Sale Price: $26,500

3. 1246 Dellwood Ave., Columbus, OH 43227

3 Bed, 1 Bath, 1204 sqft., full basement, Bi-Level

Rent - $600.00 per month -- 5 year renter in place (2009) / Rent Never Raised Individual Sales Price: $44,000

4. 1101 Barnett Rd., Columbus, OH 43227

3 bed, 1 Bath, 1109 sqft., Sunroom, Garage, New HW heater, New Furnace (1 Year old), Full Basement, New Windows,

Rent - $595.00 per month -- 2 year Tenant/No Rent Increase/Month to Month Individual Sales Price: $44,000

5. 1121 Smith Rd., Columbus, OH 43207

3 Bed, 1 Bath, 1325 sqft., New Windows, New Roof, New Kitchen, New Bath, New Water Heater, Full Basement

Rent - $700.00 per month -- 2 Year Lease Expires May '2017 , Tenant Pays All utilities Individual Sales Price: $44,500

Thank you for your time

(614) 532-9902

Daniel Dadzie

SecretPropertyList.com

Greetings everyone, I currently live in Fremont, CA. I see opportunity for me in Atlanta for real estate investing. Im a barber part time, and I do real estate deals on the side. I was told that owner financing is a good way to get my foot in the door. I want to move to Atlanta in mid January 2016. How would I go about owner financing. THANK YOU:)

HAPPY INVESTING

Greetings to everyone who does business in the Columbus areas, and just in GENERAL (Globally). I've been in this for 3 months, and been through the UP's and downs. Gotten deals done, and other times been worst case scenerios. What I would like to know is, who is currently doing deals in the columbus area, and LOVES doing what they do. Any tips and good WISDOM is greatly appreciated. 

HAPPY INVESTING

 Lets Say..... Stevens Ave.

Which areas in the Columbus I should watch out for. My property is in the 43222. I was told to me by multiple Investors that it was in a War Zone, and next time I should do research in the neighborhood first. Would anyone with experience in the Columbus market know the Zip codes to WATCH out for?

I'm thinking about signing up for a PRO account. Whats the Pro's and Con's on the the Pro & Plus Account?