3BR / 3BA _MOVE-IN READY SINGLE FAMILY, MABLETON,GA (COBB CO)

[Michael Daniel]

MOVE-IN READY!!!  VERY LIGHT REHAB FOR FLIPPING!!!

This is a 4-sided brick ranch-style home with a carport sits on almost ½ acre lot. The 3BR/3BA home also have a partially finished basement with a bathroom that can be accessed from a separate entrance. This home is well maintained with no major repairs, purely cosmetics and light interior rehab in bathrooms to make this a FIX FLIP. After it was remodeled a few years ago, the current tenant have done an extra-ordinary job keeping the place in pristine condition.  If flipping, the bathroom needs upgrade and front and back deck and some painting. Also, can't go wrong as a Buy/Hold with current tenant paying $1150/month. Tenant lease expired in March and tenant wants to stay if possible. So, this property can be delivered empty or continue cash flowing until ready to Flip it!

FIX / FLIP ANALYSIS ARV: $150,000 WHOLESALE PRICE: $112,500 REHAB EST: $7,000 CLOSING COST EST: $1,200 ------------ TOTAL EST. COST: $120,700 -------------- NET PROFIT: $29,300 (24% ROI)

BUY / HOLD ANALYSIS WHOLESALE PRICE: $112,500 CLOSING COST EST: $1,200 ------------ TOTAL EST. COST: $114,500 MARKET RENT: $1,150/mo | $13,800/yr PROPERTY MGMT: $1,150/yr TAXES EST.: $620/yr INSUR. EST.: $600/yr -------------- NET INCOME: $11,430/yr (10% ROI)

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REQUIREMENT

• Cash Purchase, Hard-Money. No-Owner Financing!
• Must Have Verifiable POF or Approval Letter. No appointment w/o document.
• Required Deposit: $2,000 upon execution of PSA.
• Due Diligence: 5 Days. Closing within 7 days.
• SOLD AS-IS. Full inspection allowed during Due Diligence.
• Buyer pays closing cost.