Condo in Decatur Ga. Over 20% Net ROI!!!

[Loreal Amporful]

pics: https://www.dropbox.com/sh/1w1wztmuihfyeis/AADs6no...

• Condo
• 4 bedrooms, 2 bathroom
• Built in 1974
• 1600 sqft
• Vacant
• HOA - $155 a month
• Property tax - $475
• Estimated market rent - $700-800

• Weve got a condo here in Decatur. Its a 4 bedroom, 2 bathroom. The tenants just moved out of this property 2 months ago and is vacant. It doesn't appear the property needs any major repairs, just a needs a thorough clean up and cosmetics.
• New HVAC

• Estimated Rental Numbers
  • Purchase Price + Estimated repairs - $25,000 + $2000 = $27,000
  • Rent - $800x12 = $9600
  • Estimated Property management - $80x12 = $960
  • HOA - $155x12 = $1860
  • Estimated Insurance - $500
    • Estimated Net Rental income - $6280
    • Estimated Net ROI - 23%