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Updated over 9 years ago,

User Stats

45
Posts
24
Votes
Steven Skinner
  • Flipper/Rehabber
  • Rome, GA
24
Votes |
45
Posts

$20,000+ PROFIT after all in, or GREAT rental

Steven Skinner
  • Flipper/Rehabber
  • Rome, GA
Posted

This is a great investment property that I'll have under contract very soon (closing attorney is already writing up purchase agreement). I'm the only one with access to it; and that isn't just marketing hype, it's true.

PROPERTY INFO:

  • Bed: 4
  • Bath: 2.5
  • Square Footage: 2200
  • Exterior: Brick
  • Last Renovated: 2014
  • Rental Income: $940/mo (lease expires March 31, 2016)

PURCHASE & SALE INFO:

  • Price: $99,300
  • Value: $124,000 according to my own CMA. I have two local realtor CMA/BPOs putting the value at anywhere from $119,900-$133,000 which I can provide you with. These were their "sell quick" amounts, which I specifically asked for. I chose realtors that are controlling the Calhoun, GA area; these aren't just randoms with a license, so you can feel comfortable with the numbers they've provided.
  • Average Time on Market: 60-90 days for this area in this price range.
  • Approx. Holding Costs (if sold within 3-6 months): $442-$884
  • Rental Income (if sold within 3-6 months): $2,820-$5,640
  • Realtor Commission: $7,440 ($124,000 x 0.06%)

RECENT (2014) RENOVATION:

  • New HVAC unit, new appliances, new carpet, new roof (2011), newly remodeled bathrooms, new master bathroom.

I'll have the property under contract soon, likely within 7-10 days, and at this point can supply you with recent photographs (post-rehab) of the interior and exterior alike, as well as the address of the property itself. You're going to be profiting nicely from the rental income while you're selling this property, so there's no holding costs headaches. And yes, this could absolutely be an incredible cash flow property if you so choose.

At the end of the day, this is the kind of property investors are looking for every singe day, and I look forward to working with you on it. I'm giving the B.P. community first dibs before I blast it out to the world, so don't hesitate to get involved. Private message me now.

Thanks,

Offering

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