real-estate-investing-atlanta

Successful real estate investors want a few things out of their properties: property appreciation, great value and a stable tenant base. Today, we’ve got our eyes on this beautiful home right outside of Atlanta. It’s a single family with all of the bells and whistles – plus, it’s in the hot market of ‘Hotlanta’.

O.K: so why is Atlanta so hot for investing in real estate? Good question! Forbes Magazine ranks the city  the Top Rental Market in the entire country!  Atlanta has huge job growth straight through 2020, so if fantastic cash flow is your thing, Atlanta is absolutely your market. Check out this incredible find: it actually comes with tenants in place as a condition of closing and a one-year eviction guarantee. Now, that’s hot.

Location: Griffin,Ga. Built In: 2006 (fully renovated)

Purchase price: $122,222 (not a foreclosure, normal sale)

Property info: 4 bedroom, 3 bathroom, 2,270 square feet

Income

Monthly rent collected: $1,100

Expenses

Monthly expenses

Property taxes: $224

Insurance: $42

Property management fees: $110

Monthly expenses (conservatively estimated)

Vacancy (7%): $77

Repairs (5%): $55

Total Monthly Expenses- $509

Net Income = Income – Expenses = $592

Advanced Numbers

Cap Rate =

annual net income (non-inclusive of mortgage payment) / purchase price = 5.81%

Cash-on-cash return =

Depends on your leveraging.

If you are interested in this property or seeing others like it, contact Melissa at melissa@hipsterinvestments.com.

Comments
  • Torrey
    Reply

    Hi Ali,
    I got here through BP. I like what you are doing here. Do you have any buyers interested in Multifamily turnkey? I have a partner that has a 16 unit right above Kennesaw, GA for under $600,000. I can send you full info if you have anyone including recent inspection sheets, rent roll, and ROI.

  • Luis
    Reply

    this is a nice house.. I wish it was in my area.

    Please let me know if you come across any properties that meets my current criteria.

    My current Buy and Hold criteria (in order of importance):
    *After Repair Value (ARV) properties of $70k to $150k (Market Value of similar houses in the area)
    *Purchase Price opportunity equals 60% to 70% of the ARV
    *Estimated Repair Cost is not more than $10k

    *Rental potential equals 1% of the purchase price at a minimum (2% or more is a BIG +)
    *Single Family Homes (SFH) or 1 to 4 Multi Units (no condos or apartments)

    *I want to buy houses anywhere in Cobb County, Roswell, Alpharetta and Douglasvill
    *Located in school district with an elementary that haves a 6+ rating.
    *NO HOA’s is a +
    *Year built after 1984 is a +

    thanks

    • Ali
      Reply

      Hi Luis, thanks for reaching out. Unfortunately I don’t have access to properties that meet you criteria as we don’t deal with properties needing work, only turnkeys. Turnkeys won’t be 60-70% below ARV either, they will be at or above ARV in Atlanta due to a broken appraisal system there. Typically there are not investment properties readily available in Cobb, Rosweel, or Alpharetta due to high prices in those areas which knock out cash flow potential. Douglasville is a great area for investment properties but not sure how high their schools rank, but either way we only work with turnkeys out there that won’t hit your numbers. Sorry!

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