All Forum Posts by: Rocky Nguyen

This post is regarding the recent package deal i sent out, if you are interested in 2891 Sylvan Rd only then you are luck. I have a buyer for the Duke of Windsor property and if you are willing to close on duplex the same day as the buyer of the house Duke of Windsor, then we can work something out. Please let me know.

2. 2891 Sylvan Rd, East Point(Duplex)
3/2 upstairs rented @ $500/mo
1/2 downstairs (with potential of 2/2) rented @ $400/mo

Price: $45k (nonnegotiable)
Last sold in 2002 for $110k
Annual Rent: $10,800
PROPERTY Manager: $648/yr
by CinemaPro1.2" style="font-family: 'Bitstream Vera Serif', 'Times New Roman', serif; font-size: medium; font-style: normal; font-variant: normal; border-style: none !important; font-weight: bold !important; display: inline-block !important; float: none !important; height: auto !important; min-height: 0px !important; min-width: 0px !important; text-transform: uppercase !important; width: auto !important; background: transparent !important;">TAXES: $250/yr
Insurance: $850/yr
Misc: $1,150/yr
Total Expenes: $2,898
Cap rate: 19.7%

NET Rental by CinemaPro1.2" in_hover="" in_hdr="" style="font-family: 'Bitstream Vera Serif', 'Times New Roman', serif; font-size: medium; font-style: normal; font-variant: normal; border-style: none !important; font-weight: bold !important; display: inline-block !important; float: none !important; height: auto !important; min-height: 0px !important; min-width: 0px !important; text-transform: uppercase !important; width: auto !important; background: transparent !important;">INCOME: $7,902/yr

Pictures :https://www.dropbox.com/sh/1s8m2gv7dtv06mw/AACgvuRYc6FDr7qS1sJOiF6Ua?dl=0


If you have any other questions, please ask. Thank you.

- 7 day close
- $2500 EM , nonrefundable.
- DD before contracts are signed.
-CASH BUYER / INVESTOR NEEDED
(No JV, Birddogging, etc)




- Rocky Nguyen

- Sale of one is contingent upon same day purchase of the other.

- FOR MORE PICTURES, LINK IS BELOW.



1. 2982 by CinemaPro1.2" style="font-family: 'Bitstream Vera Serif', 'Times New Roman', serif; font-size: medium; font-style: normal; font-variant: normal; border-style: none !important; font-weight: bold !important; display: inline-block !important; float: none !important; height: auto !important; min-height: 0px !important; min-width: 0px !important; text-transform: uppercase !important; width: auto !important; background: transparent !important;">DUKE of Windsor, East Point GA 30344


5bed/3ba 2,658sq.ft built in 1987
*needs renovation*

Price: $80,000
Repairs: 40,000
ARV: $199,000
NET profit (after 8% closing costs): $63,080

PICTURES
Walkthrough Video

Price: $80,000
Repairs: $40,000
Scope of Work: (1)dumpster, siding repair & exterior paint, front porch repair, minor floor repair on main level, interior painting, kitchen cabinets, granite counter tops, wet bar replacement, appliances, tiles, (3) bathroom renovations, light fixtures, by CinemaPro1.2" style="font-family: 'Bitstream Vera Serif', 'Times New Roman', serif; font-size: medium; font-style: normal; font-variant: normal; border-style: none !important; font-weight: bold !important; display: inline-block !important; float: none !important; height: auto !important; min-height: 0px !important; min-width: 0px !important; text-transform: uppercase !important; width: auto !important; background: transparent !important;">PLUMBING FIXTURES, mold remediating in basement, new window, (3) balcony repairs, trims & baseboards, crack in basement repair, new interior doors, flooring on lower level

SOLD & PENDING Comparables (comps within 0.5mi)
3078 by CinemaPro1.2" style="font-family: 'Bitstream Vera Serif', 'Times New Roman', serif; font-size: medium; font-style: normal; font-variant: normal; border-style: none !important; font-weight: bold !important; display: inline-block !important; float: none !important; height: auto !important; min-height: 0px !important; min-width: 0px !important; text-transform: uppercase !important; width: auto !important; background: transparent !important;">DUKE of Gloucester, 5/3 2,666sqft built in 1963 $199k (pending)

2750 DUKE of Gloucester, 4/3 2,372sqft built in 1959 (9/17/2014) $198k MLS 8 DOM
3119 Duke of Gloucester, 3,555sqft 4/3 built in 1970 $185k (1/26/15)MLS 7 DOM foreclosure

ACTIVE:
2980 Duke of Gloucester, 4/3 2,952sqft built in 1957 (active) $174k FORECLOSURE
2945 Duke of Windsor, 5/2 2,915sqft built in 1988 (active) $199k NOT RENOVATED

Resale Value: $199,000


2. 2891 Sylvan Rd, East Point (Duplex)
3/2 upstairs rented @ $500/mo 

Built 1950

1/2 downstairs (with potential of 2/2) rented @ $400/mo

Price: $45k
Annual Rent: $10,800
Property Manager: $648/yr
by CinemaPro1.2" style="font-family: 'Bitstream Vera Serif', 'Times New Roman', serif; font-size: medium; font-style: normal; font-variant: normal; border-style: none !important; font-weight: bold !important; display: inline-block !important; float: none !important; height: auto !important; min-height: 0px !important; min-width: 0px !important; text-transform: uppercase !important; width: auto !important; background: transparent !important;">TAXES: $250/yr
by CinemaPro1.2" in_hover="" in_hdr="" style="font-family: 'Bitstream Vera Serif', 'Times New Roman', serif; font-size: medium; font-style: normal; font-variant: normal; border-style: none !important; font-weight: bold !important; display: inline-block !important; float: none !important; height: auto !important; min-height: 0px !important; min-width: 0px !important; text-transform: uppercase !important; width: auto !important; background: transparent !important;">INSURANCE: $850/yr
Misc: $1,150/yr

NET Rental by CinemaPro1.2" style="font-family: 'Bitstream Vera Serif', 'Times New Roman', serif; font-size: medium; font-style: normal; font-variant: normal; border-style: none !important; font-weight: bold !important; display: inline-block !important; float: none !important; height: auto !important; min-height: 0px !important; min-width: 0px !important; text-transform: uppercase !important; width: auto !important; background: transparent !important;">INCOME: $6,804/yr

Pictures : https://www.dropbox.com/sh/1s8m2gv7dtv06mw/AACgvuR...

TOTAL PRICE: $125k

If you have any other questions, please ask. Thank you.

- Rocky Nguyen 

!!! Sale of one is contingent upon same day purchase of the other !!!!

- FOR MORE PICTURES, LINK IS BELOW.



1. 2892 Duke of Windsor, East Point GA 30344


5bed/3ba 2,658sq.ft built in 1987
*needs renovation*

Price: $80,000
Repairs: 40,000
ARV: $199,000
NET profit (after 8% closing costs): $63,080

PICTURES
Walkthrough Video

Price: $80,000
Repairs: $40,000
Scope of Work: (1)dumpster, siding repair & exterior paint, front porch repair, minor floor repair on main level, interior painting, kitchen cabinets, granite counter tops, wet bar replacement, appliances, tiles, (3) bathroom renovations, light fixtures, by CinemaPro1.2" style="font-family: 'Bitstream Vera Serif', 'Times New Roman', serif; font-size: medium; font-style: normal; font-variant: normal; border-style: none !important; font-weight: bold !important; display: inline-block !important; float: none !important; height: auto !important; min-height: 0px !important; min-width: 0px !important; text-transform: uppercase !important; width: auto !important; background: transparent !important;">PLUMBING FIXTURES, mold remediating in basement, new window, (3) balcony repairs, trims & baseboards, crack in basement repair, new interior doors, flooring on lower level

SOLD & PENDING Comparables (comps within 0.5mi)
3078 Duke of Gloucester, 5/3 2,666sqft built in 1963 $199k (pending)

2750 Duke of Gloucester, 4/3 2,372sqft built in 1959 (9/17/2014) $198k MLS 8 DOM
3119 Duke of Gloucester, 3,555sqft 4/3 built in 1970 $185k (1/26/15)MLS 7 DOM foreclosure

ACTIVE:
2980 Duke of Gloucester, 4/3 2,952sqft built in 1957 (active) $174k FORECLOSURE
2945 Duke of Windsor, 5/2 2,915sqft built in 1988 (active) $199k NOT RENOVATED

Resale Value: $199,000


2. 2981 Sylvan Rd, East Point (Duplex)
3/2 upstairs rented @ $500/mo
1/2 downstairs (with potential of 2/2) rented @ $400/mo

Price: $45k
Annual Rent: $10,800
Property Manager: $648/yr
by CinemaPro1.2" style="font-family: 'Bitstream Vera Serif', 'Times New Roman', serif; font-size: medium; font-style: normal; font-variant: normal; border-style: none !important; font-weight: bold !important; display: inline-block !important; float: none !important; height: auto !important; min-height: 0px !important; min-width: 0px !important; text-transform: uppercase !important; width: auto !important; background: transparent !important;">TAXES: $250/yr
Insurance: $850/yr
Misc: $1,150/yr

NET Rental by CinemaPro1.2" style="font-family: 'Bitstream Vera Serif', 'Times New Roman', serif; font-size: medium; font-style: normal; font-variant: normal; border-style: none !important; font-weight: bold !important; display: inline-block !important; float: none !important; height: auto !important; min-height: 0px !important; min-width: 0px !important; text-transform: uppercase !important; width: auto !important; background: transparent !important;">INCOME: $6,804/yr

Pictures : https://www.dropbox.com/sh/1s8m2gv7dtv06mw/AACgvuRYc6FDr7qS1sJOiF6Ua?dl=0

TOTAL PRICE: $125k

If you have any other questions, please ask. Thank you.

- Rocky Nguyen 

!!! Sale of one is contingent upon same day purchase of the other !!!

- FOR MORE PICTURES, LINK IS BELOW.



1. 2892 Duke of Windsor, East Point GA 30344


5bed/3ba 2,658sq.ft built in 1987
*needs renovation*

Price: $80,000
Repairs: 40,000
ARV: $199,000
NET profit (after 8% closing costs): $63,080

PICTURES
Walkthrough Video

Price: $80,000
Repairs: $40,000
Scope of Work: (1)dumpster, siding repair & exterior paint, front porch repair, minor floor repair on main level, interior painting, kitchen cabinets, granite counter tops, wet bar replacement, appliances, tiles, (3) bathroom renovations, light fixtures, by mold remediating in basement, new window, (3) balcony repairs, trims & baseboards, crack in basement repair, new interior doors, flooring on lower level

SOLD & PENDING Comparables (comps within 0.5mi)
3078 Duke of Gloucester, 5/3 2,666sqft built in 1963 $199k (pending)

2750 Duke of Gloucester, 4/3 2,372sqft built in 1959 (9/17/2014) $198k MLS 8 DOM
3119 Duke of Gloucester, 3,555sqft 4/3 built in 1970 $185k (1/26/15)MLS 7 DOM foreclosure

ACTIVE:
2980 Duke of Gloucester, 4/3 2,952sqft built in 1957 (active) $174k FORECLOSURE
2945 Duke of Windsor, 5/2 2,915sqft built in 1988 (active) $199k NOT RENOVATED

Resale Value: $199,000


2. 2981 Sylvan Rd, East Point (Duplex)
3/2 upstairs rented @ $500/mo
1/2 downstairs (with potential of 2/2) rented @ $400/mo

Price: $45k
Annual Rent: $10,800
Property Manager: $648/yr
Taxes: $250/yr
Insurance: $850/yr
Misc: $1,150/yr

NET Rental : $6,804/yr

Pictures : https://www.dropbox.com/sh/1s8m2gv7dtv06mw/AACgvuRYc6FDr7qS1sJOiF6Ua?dl=0

TOTAL PRICE: $125k

If you have any other questions, please ask. Thank you.

- Rocky Nguyen 

- LANDLORDS DREAM 

796 Bender Street, Atlanta GA 30310

3bed/2ba 1,470sq.ft built in 2002 *needs a renovation*

Home Features:

nice hardwood floors

"open" layout

pictures: https://www.dropbox.com/sh/iqdjeiga2wz4kc2/AADIzf23WCZ4lwZg3L9ZpmP7a?dl=0

walk through video: http://youtu.be/s_ILbO9OCbU

Price: $17,500

Repairs: $22,100

ARV: $53,000 based of $30/sq.ft of other sold properties

Rents: $850/mo; $10,200 annually

Cap Rate: 22.8% CAP RATE

- $570/yr taxes

- $618/yr property manager

- $350/yr Insurance

YEARLY NET: $8,668

Scope of Work: Windows $1,000. Plumbing (rough in, trim, fixtures) $4,000. Electrical (rough in, trim, fixtures) $4,000. HVAC (rough in & trim) $4,000. Insulation $1,500. Sheetrock $1,750. Interior Paint $1,350 @ $150/room. Carpet $1,500. Kitchen Cabinets & Counter tops $2,000. Hardwood wipe down $500. Masonite Siding Repair $500. Total : $22,100

If you have any other questions, please don’t hesitate to ask. 

Price Reduced !!!

796 Bender Street, Atlanta GA 303103bed/2ba 1,470sq.ft built in 2002

*needs a renovation*

Home Features:
nice hardwood floors
"open" layout

more pictures:https://www.dropbox.com/sh/iqdjeiga2wz4kc2/AADIzf23WCZ4lwZg3L9ZpmP7a?dl=0
walk through video: http://youtu.be/s_ILbO9OCbU

Price: 17,500
Repairs: $22,100
ARV: $53,000 based of $30/sq.ft of other sold properties
Rents: $850/mo

35% operating expense is fit for the property. That is a $3,213 yearly budget. Which is $570 for taxes , $350 for insurance & $612 for a property manager. While still having $1,532 left for other misc expenses. 

Scope of Work: Windows $1,000. Plumbing (rough in, trim, fixtures) $4,000. Electrical (rough in, trim, fixtures) $4,000. HVAC (rough in & trim) $4,000. Insulation $1,500. Sheetrock $1,750. Interior Paint $1,350 @ $150/room. Carpet $1,500. Kitchen Cabinets & Counter tops $2,000. Hardwood wipe down $500. Masonite Siding Repair $500.

Comparables:
863 Hobson St 3/3 1,222sqft built in 2004 sold for $44k 9/4/14 ($36/sqft)

772 Humphries St 4/4 1,375 built in 2005 sold for $57k 11/17/14 ($42/sqft)

Thank you for the insight everyone. I honestly just wasn't aware of all these expenses. After calculating everything better. I see a 35% operating expense is fit for the property. That is a $3,213 yearly budget. Which is $570 for taxes, $350 for insurance & $612 for a property manager. While still having $1,532 left for other misc expenses. Is that a better evaluation? I'm still learning here and I appreciate all the feedback. @Patrick L.  @Aaron K. 

@David T. Even at a 20% operating expense it's still a 17% cap. Keep in mind the house was built in 2002 . And after the needed renovations you'll have a brand new furnace, Hvac system , water heater, plumbing & electrical . So doesn't that call for not as much for maintenance .