I20% ROI on This Clarkston Investment Property For Sale in Atlanta, Georgia For Sale

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Brannon Hill Rd? Clarkston Georgia Investment Property FOR SALE!
Act now to get this income-generating property! This is a great turnkey condo with minimum cosmetics if desired. Tenant is already in place on a lease structured as a month to month but would like to stay longer. This is in a good rental area of Clarkston. Great area for long term tenants. Also, Section 8 is very possible in this area ? guaranteed on-time income! Current rent is $550 but can easily be increased to market rent rates.
Check out the solid numbers on this Clarkson Investment Property! You will have a 20% ROI with this one. Compared with other houses in the area, this house been better cared for. Make your offer today!
Address: Brannon Hill Rd, Clarkston, GA xxxx1 (please call for house number)
Approximate ARV $35,000
Purchase Price $19,900
Anticipated Strategy: Buy, Fix and Hold
Property Info:
2 beds, 2 baths
xxxx sqft
xxxx year built
xxxx sqft lot size
Main Repairs Needed: Not much is needed for this one. Unless it?s the investors choice. You can update kitchen and bathrooms (if desired), paint, and clean carpets.
Nearby Comparable Sales:
679 Windchase Ln, sold on 1 / 11 / 16 for $46,700 has 2 beds/ 2 baths, xxxx sqft, built in xxxx
811 Ridge Creek Dr, sold on 11/ 12 / xxxx for $30,000 has 2 beds / 2 baths, xxxx sqft, built in xxxx
xxxx Parklane Dr, sold on 12/21/15 for $20,000 after 60 DOM, has 3 beds/ 1 bath, 960 sqft, built in xxxx
Rental Comps:
xxxx Parklane Drive 2 bed / 2 bath leased for $725 on 02/15
751 North Indian Creek Dr, a 2 bed/ 2 bath, leased for $785 on 06 / xxxx
700 N Indian Creek Dr, a 2 bed / 2 bath leased for $750 on 09 /xxxx
ROI Breakdown:
$19,900 Purchase Price
$8,000 Anticipated Repairs
$28,000 All-In to Property
$750 Monthly Rent (rents in area range between $550 ? $785, with average being $750)
$xxxx Annual Income
$247 Anticipated Taxes
$480 Annual Sanitation Fees
$640 Insurance Estimate
$810 Management Fee, approx 9%
$960 (10% consideration for vacancy/ maintenance)
$5,863 Net Operating Income
20% Return on Investment
How To Buy
Cash Only
Proof of funds required with offer
Please complete due diligence prior to submitting offer
$xxxx Earnest Money deposit required with accepted contract
Closing within 10 days with Chalker & Chalker legal
Don?t lose this Deal! Call Now!! (770) 765 ? xxxx or 770-728-xxxx
If you?re ready to make an informal offer now click here