atlanta-georgia-turnkey-investingCash-flow is king – we say that a lot, but it always merits saying again. Today’s property follows that principle. Why do we love this one? Simple: $94k. Yep, 94K & it’s a looker. Fully renovated, tenants in place (on a 3 year lease) with the option to buy at 30 percent more than you buy it for – this single family means two things: cash-flow and appreciation your investment. Now, Hipster can appreciate this kind of deal.

The property itself is located in Atlanta – and Atlanta is a hot market for investors right now. Employers, schools, snow-birds – the city has it all. It also has great cap rates and ROI for your dollars. A house with this much curb and cash appeal will likely go fast – however, we do have a few other great properties in Atlanta we haven’t introduced yet (just reach out to Hipster for more information).
Without further adieu, here’s today’s Hotlanta deal!

Location: Atlanta,GA. Built In: 2002
(fully renovated, leased for 3 years and comes with a 1 year eviction guarantee)

Purchase price: $94,00 (not a foreclosure, normal sale)

Property info: 3 bedroom, 2 bathroom, 1,522 square feet

Income

Monthly rent collected: $900

Expenses

Monthly expenses

Property taxes: $109

Insurance: $36

Property management fees: $90

Monthly expenses (conservatively estimated)

Vacancy (7%): $63

Repairs (5%): $45

Total Monthly Expenses- $343

Net Income = Income – Expenses = $557 !

Advanced Numbers

Cap Rate =7.08%

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
  • van
    Reply

    I. Ali
    a. I Want to buy my first turnkey a single family rental in Atlanta. I have friend in Atlanta and plan to be in town in October. My money is ready.
    1. What is the first actionable step I need to take
    2. Who is the turnkey company do you recommend.
    3. Do you need to negotiate with them or take whatever the price they ask.
    4. Visited your website and saw a house in at featured. Who is the seller is it?
    b. In the interview you named real estate book, I missed that. Could you tell me one more time

    • Ali
      Reply

      Hi again Van. I’ll definitely answer your questions but for a lot of the information, you’ll have to reach out on our Contact page (if you haven’t already) and we can give you all the information there.

      1. What is the first actionable step I need to take
      Reach out on our Contact page and we can help you through the process
      2. Who is the turnkey company do you recommend.
      Same, Contact page. We don’t give that information out on the website.
      3. Do you need to negotiate with them or take whatever the price they ask.
      Take the price. Turnkey prices have already been negotiated down.
      4. Visited your website and saw a house in at featured. Who is the seller is it?
      Same, Contact page. We don’t give that information out on the website.
      b. In the interview you named real estate book, I missed that. Could you tell me one more time
      You’ll have to let us know which interview you are referring to?

  • Van
    Reply

    I have been listening to Rental Income and today was an interview featured you. I am excited. I like to try one or two. For last 7 year I am a landlord in San Diego and begin to get tire (63 years old) SD cap rate here is 5 never 6.

    • Ali
      Reply

      Hi Van! Glad you reached out. Send us a message on the Contact Page and we’d be glad to help! We can definitely get you much higher cap rates than 5-6%. How’s 10-13% sound? 🙂 Definitely send us a message!

  • Jack Planchard
    Reply

    Is this home still available or do you have any others in Atlanta area? I did fill out the contact form on site but have not received anything yet.

    • Ali
      Reply

      So sorry Jack! Somehow the form didn’t come through. Ali just shot you an email.

  • Jack Planchard
    Reply

    I would be interested in rental properties you may have or know about in Atlanta, Ga.

    Thanks!

    Jack

    • Ali
      Reply

      Sure thing Jack! Fill out the contact form on the site that talks about properties and we can get that info right over.

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