HOT DEAL!! Attractive All Brick (3/1.5) minimal rehab in Decatur

[Loreal Amporful]

Cash Price

$54,900

2801 Miriam LaneDecatur Ga 30032

Dekalb County

More Pictures CLICK HERE
Interior Video Tour CLICK HERE

• Single Family Home
• 3 bedrooms, 1.5 bathroom
• Built in 1955
• 1228 Sqft + 252 sqft attached carport
• .40 acre lot
• Estimated rehab ~5k
• Property tax - $930
• Estimated market rents ~ $900-1000
• Vacant - Call me for lockbox code.

• Here we've got an attractive all brick ranch style home. It has 3 bedrooms and 1.5 bathrooms. Built in 1955 this property sits on a nice .40 acre lot. It has a fenced-in backyard. Working central heating and air. Utilities are on in the house. The only thing that appears to be needed to the house is new flooring in the kitchen, dining room, hall way area, and 2 of the bedrooms. Estimated 5k in rehab.

• Estimated Rental ROI
  • Purchase Price + Rehab - $54,900 + $5000 = 59,900
  • Estimated rents - $900x12 = $10800 yr
  • Property management - $90x12 = $1080 yr
  • Estimated Insurance - $750
  • Property Tax - $930
    • Net rent income - $8040
    • Estimated Net ROI - $8040/$54900 = 15%