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
Monthly rent collected: $1,100
Property taxes: $224
Property management fees: $110
Monthly expenses (conservatively estimated)
Vacancy (7%): $77
Repairs (5%): $55
Total Monthly Expenses- $509
Net Income = Income – Expenses = $592
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 firstname.lastname@example.org.