Posting ID : A1068462015
Date Posted : 2015-08-18
Category : Real Estate By Broker
Seeking Principal Cash Buyer for the purchase of:
626 Blanche St.
Atlanta, GA 30518
3 Beds - 1 Bath
Price: $50,900 Cash only / No Owner Finance
PLEASE NOTE: Must be able to provide Proof of Funds in order to gain access into property as well as moving forward.
This is a brick and siding ranch that was built in 1950. Home has 3 bedrooms and 1 bath and 1120' of living space. Home has great curb appeal for sure!
Home has been totally renovated and recently rented at $700/mth!
Tax value of $14,900 with 2014 property taxes of $271. Home last sold back in 2012 for $58,400 so you should be getting some nice back end equity. With market rents of $700/mth house throws off almost a 15% ROI.
**Occupied** Drive-By only and inside appointment during due diligence.
Gross Rents - $700/mth x 12 = 8,400
Taxes = $271/yr
Insurance = $500/yr
Prop Mgmt. = $56 x 12 = $672
Net Annual Rents = $6957/$49k cost base = 14.2% ROI