Wow! Here’s a beautiful single family property that is completely turnkey (and even comes with tenants in place). Located in city ranked by Forbes as the #1 Rental Market in the Country, Atlanta is an investor’s paradise. The city, and surrounding areas, are full of beautiful properties that are as attractive to investors as their landscaping is to tenants. With huge job growth predicted each year going into 2020, this is a cash flow opportunity your portfolio doesn’t want to miss. Take a look at these HOT-lanta fundamentals!
Location: Covington,GA. Single-Family Home. Built In: 2003
Purchase price: $111,111 (not a foreclosure, normal sale)
Property info: 3 bedroom, 3 bathroom, 1,826square feet
Monthly rent collected: $1200
Property taxes: $67
Home Owner’s Association Fee: $25
Property management fees: $120
Monthly expenses (conservatively estimated)
Vacancy (7%): $84
Repairs (5%): $60
Total Monthly Expenses- $395
Net Income = Income – Expenses = $805
Cap Rate =
annual net income (non-inclusive of mortgage payment) / purchase price = 8.7%
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.