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Updated over 7 years ago on . Most recent reply

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Terry Kendricks
  • Memphis, TN
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Is this a good deal? TN needs help on atlanta

Terry Kendricks
  • Memphis, TN
Posted

I'm currently living in memphis.  My agent lined up a deal for three homes in stone mtn Atlanta that bring in about 2700 a month.  Asking is 250k.  I did the numbers and they sound good with 20% down.  1.2% on 2% rule. 

19% coc roi.

8.6% cap rate. From bigger pockets calculator.

what do you fine folks think? good deal?

and also, Is there a creative way around dropping 20%(50k) on this deal out of pocket or is that just a fact of life.

Long time listener first time caller

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