Rent Ready/Half Ocuupied Duplex in Conyers GA! - $90K

[Melissa Ramos]

Hello all:

I have a Conyers duplex ready to be sold! Both units are 3/2.
This duplex is not a fixer upper. It's already been rehabbed but it would be up to your investor if he wants to update. Comps in the area that range upper $150K plus. I am putting a price on this one for $90K. One tenant is paying $650 a month and they pay their own utilities.

Here are prelim numbers and it includes taxes and insurance.

With 2 units $650 each = $1,300 monthly x 12 (months) = $15,600 GROSS yearly income

$15,600 - $2400 (taxes and insurance) = $13,200 / $90,000 Purchase Price = 14% Cap rate

Average rents in this area is $850 for a 3/2 townhouse. With $850 a month, i believe the cap jumps up from 19-20%

Please PM me for extra info and pictures. Serious inquiries Only. I can work quick with you. Cash Only Sale.