curb-appeal-investment

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

Income

Monthly rent collected: $1200

Expenses

Monthly expenses

Property taxes: $67

Insurance: $39

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

 

Advanced Numbers

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 melissa@hipsterinvestments.com.

 

Comments
  • David H
    Reply

    Nice website. Have seen your posts and notes. Thought I would subscribe.

    • Ali
      Reply

      Great Dave! Welcome. Reach out anytime.

Leave a Comment

Your message.

Who are you?