This property is no longer available! Sold.
This property is available now! I love this supplier. They have some of the best rehab jobs I’ve ever seen. I even own a property from these guys.
Location: Atlanta, GA. Single-Family Home. Built In: 1999
Purchase price: $95,555 (not a foreclosure, normal sale)
Property info: 3 bedroom, 2 bathroom, 1386 square feet
Income
Monthly rent collected: $900
Expenses
Monthly expenses
Property taxes: $83
Insurance: $32
Property management fees: $90
Monthly expenses (conservatively estimated)
Vacancy (7%): $63
Repairs (5%): $45
Total Monthly Expenses- $313
Net Income = Income – Expenses = $587 ($695 with no vacancy or repairs)
Advanced Numbers
Cap Rate =
annual net income (non-inclusive of mortgage payment) / purchase price = 7.3%
Cash-on-cash return =
Depends on your leveraging.
Are you thinking the cap rate is lower than what you are interested in? Check out one of Ali’s articles from BiggerPockets that hits this exact topic!
I looked at all your stuff and your video on the book you were reading. I love it an dyes i agree i do not want to swing a hammer. I told another investor that and HE told me that unless i do that i will never be good at it. Well I am new and with time I will figure it out. Say no to hammer makes us stronger.
Say no to the hammer! 🙂
I like the numbers here. Who is this supplier?
Hey Sean! Feel free to email me offline and I can give you the name.