BUY/HOLD @ 17% OR FIX/FLIP @ 38%

This property is ideal for an investor looking for double rental opportunities in one location. The split level home has a fully functional downstairs apartment: 3BR/2BA upstairs and 2BR/1BA with a kitchen in the downstairs apartment. The apartment has it's own front door and backyard access. The property is close to major interstate I-75 and I-675 and located near shopping, hospital, police and fire dept. and at three community parks.

A new roof was installed this past January and property is in need of mostly cosmetics and light rehab. Rehab began since tenant moved out in June .  

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BUY/HOLD ANALYSIS

WHOLESALE PRICE: $85,500

REHAB EST.: $15,000

Total Cost: $100,500

RENT AVERAGE: $1675/mo | $20,100/yr (3BR Rental@$875/mo and 2BR Rental@$800/mo)

TAXES EST.: $1700/YR (based on 2016 Estimates)

INS. EST: $800/yr

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NET RENT INCOME: $17,600/yr (17.5% ROI)

FIX/FLIP ANALYSIS

WHOLESALE PRICE:$85,500

REHAB EST: $20,000

TOTAL COST: $105,500

ARV: $146,000 ( based oin $60/per sqft)

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NET PROFIT -FIX/FLIP: $40,500 (38% ROI)

REQUIREMENT

• Cash Purchase Only! No Owner-Financing Available.
• Verifiable POF
• Required Earnest Money: $1,500 within 2 business day of executed PSA.
• Due Diligence: 5 Days Closing within 7 Days
• Closing Attorney with Chalker and Chalker, PC
• Buyer's pay closing cost.

To proceed with purchase information, please Call SBRE at 770.225.4681 or send an email at [email protected]