ATLANTA INVESTMENT PROPERTY/ CASH BUYERS NEEDED

[Rocky Nguyen]

Price Reduced !!!

796 Bender Street, Atlanta GA 303103bed/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: 17,500
Repairs: $22,100
ARV: $53,000 based of $30/sq.ft of other sold properties
Rents: $850/mo

35% operating expense is fit for the property. That is a $3,213 yearly budget. Which is $570 for taxes , $350 for insurance & $612 for a property manager. While still having $1,532 left for other misc expenses. 

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)