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💲💲 Maximize Your Earnings with Atlanta’s Innovative Mid-Term Rental Program 💲💲 [Code: 4352]

Posted by Powered by Simply Do It on November 15, 2024
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Why THIS deal??
  • ~$1,940/mo. cash flow once you can refi to 6.0% 
  • Cash flows at ~$1,860/mo. at today's rates of 6.875% 

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  • Single family home with 3 bedrooms and 2 bath
  • Property will need cosmetic work and full furnishing
  • Location has quick access to major commuting routes, shopping and schools
  • Mid-Term Rental Strategy for higher cash flow opportunities!
  • Backyard is not fenced, but with heavier tree line
  • Highly appreciating area with a strong rental market
  • Property has been on the market for 48 days
  • Numbers work as a long term rental as well as MTR
  • No HOA charges
  • #cashflow  #appreciation  #MTR

Why should you consider this house / what makes it a good investment?

  • Built: 1989
  • Size: 1,440 square foot home
  • Low Crime, Desirable Community, B/C Rated Schools

What's next?

Email/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction.

Metro:  Atlanta

Team: Adee  – email directly at atl1@simplydoit.net

Code: 4352



Property Specifications1
 Bedrooms3
 Bathrooms2
 Square Feet1440
 Year Built1989
 Garage Size2
 Schools Rating (scale 3-30, 30 is best)14
Lot size (sq ft)13,373
Purchase AssumptionsMy Offer
Offer used for analysis$200,000
Suggested offer (low)$200,000
Suggested offer (high)$204,000
Asking$209,000
Market Value (after improvements)$220,000
Day-1 Equity$20,000
Estimated Improvements (lower)$45,000
Estimated Improvements (upper)$50,000
Estimated Closing Costs$2,000
Estimated Mortgage Costs$1,400
Other Fees At Closing (pts, . . . )$1,400
Total Cost (estimated)$252,300
Financing Assumptions 
 Down Payment (%) 30%
 Down Payment Amount$60,000
 Financed Amount$140,000
 Interest Rate 6.875%
 Mortgage Term (Years)30
 Monthly Mortgage Payment19.4%$920
 Cash Outlay (Total Out of Pocket) $112,300
Estimated Financial AssumptionsMonthlyYearly
Rent (upper)*$4,750$5,000$60,000
Rent (lower)* $4,500$54,000
* Can fluctuate depending on time of year property is being rented.   
Property Taxes $365$4,380
Insurance $190$2,280
Repairs75$100$1,200
Property Management Monthly (%)25.0% 
Property Management Monthly ($)$1,188$14,250
Leasing Fee#N/A$0.0$0
HOA or Fixed Costs$0$0
Vacancy Rate 8.5% 
Total Fixed Expenses45.2%$2,145$25,744
Total Expenses (Fixed + Mortgage)$3,065$36,780

Financial Analysis / Deal Attractiveness   
Years:5101520
 Cap Rate19.9%22.4%25.3%28.5%
 Net Cash Flow$111,588$251,995$426,047$639,363
 Equity Increase$56,057$125,872$213,085$322,395
 Total Gain$167,645$377,867$639,133$961,758
      
 Average Cash Flow/Year$22,318$25,200$28,403$31,968
 Average Cash Flow/Month$1,860$2,100$2,367$2,664
 Average Gain/Year$33,529$37,787$42,609$48,088
 Average ROI149.3%336.5%569.1%856.4%
 Annual ROI29.9%33.6%37.9%42.8%
 Projected Property Value$267,664$325,654$396,208$482,047

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
INSUFFICIENT
 Schools (scale of 3-30, 30 is the best) 1414FAVORABLE
 Square Feet  1,0001,440FAVORABLE
 Bedrooms  33FAVORABLE
 Bathrooms  22FAVORABLE
 Year Built  19701989FAVORABLE
 Average Cash Flow (at year 5)  $125$1,860FAVORABLE
 Average ROI (at year 5)  15%29.9%FAVORABLE
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Disclaimer

Information contained herein was obtained from sources deemed reliable, however, Simply Do It and/or the owner(s) of the property make no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of the property is offered subject to errors, omissions, changes in price and/or terms, prior sale or lease or removal from the market for any reason without notice.

The analysis is provided “As Is”. All the information is believed to be accurate (except for the small effects of some simplifying assumptions), but is not guaranteed, and depends on the values entered for the property. This analysis is intended for the purpose of illustrative projections. The information provided is not intended to replace or substitute for any legal, accounting, investment, real estate, tax, or other professional advice, consultation, or service. Simply Do It and/or the owner(s) are not responsible nor liable for any damages arising from the use of the analysis info. 

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