ATLANTA/ Landlords Dream HUGE CAP RATE

[Rocky Nguyen]

796 Bender Street, Atlanta GA 30310 3bed/2ba 1,470sq.ft built in 2002 *needs a renovation* Home Features: nice hardwood floors "open" layout more pictures: https://www.dropbox.com/sh/iqdjeiga2wz4kc2/AADIzf23WCZ4lwZg3L9ZpmP7a?dl=0 walk through video: http://youtu.be/s_ILbO9OCbU Price: $21,000 Repairs: $22,100 ARV: $53,000 based of $30/sq.ft of other sold properties Rents: $850/mo Cap Rate: 19.17%(with 10% vacancy & 10% operating expense) Scope of Work: Windows $1,000. Plumbing (rough in, trim, fixtures) $4,000. Electrical (rough in, trim, fixtures) $4,000. HVAC (rough in & trim) $4,000. Insulation $1,500. Sheetrock $1,750. Interior Paint $1,350 @ $150/room. Carpet $1,500. Kitchen Cabinets & Counter tops $2,000. Hardwood wipe down $500. Masonite Siding Repair $500. Comparables: 863 Hobson St 3/3 1,222sqft built in 2004 sold for $44k 9/4/14 ($36/sqft) 772 Humphries St 4/4 1,375 built in 2005 sold for $57k 11/17/14 ($42/sqft)