This property is no longer available! Sold.

atlanta

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!

The 2% Rule: Fact, Fiction, or Feasible?

Comments
  • Sjonia Janisse
    Reply

    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.

    • Ali
      Reply

      Say no to the hammer! 🙂

  • sean james
    Reply

    I like the numbers here. Who is this supplier?

    • Ali
      Reply

      Hey Sean! Feel free to email me offline and I can give you the name.

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