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Photo GalleryDescriptionThis is an investors dream. The property is fully rehabbed and rented by an excellent tenant. This is a no hassle opportunity of a life time. The rent is $900 per month in a market that can easily take $1000. A nice single family home in a nice working class neigborhood. This property has a monster cash flow for the smart investor. This is a property that offers a ton of equity($35,000) and a lot of cash every month. This property is conservatively worth $95k and with conventional financing you can cash flow $600 per month and sit on a load of equity. Conventional financing with 7% interest carries a note of $319 per month. Hard money with 15% interest and minus 10% down will carry a note of about $600 per month.
Cash-on-Cash Return Calculation Conventional Finance @ 7%:
20% down = $12k down$48k @ 7% = $319 per month note x 12 months = $3840 per year
$15,840 / $60,000 = 26.4% Cash-on-Cash Return
Cash-on-Cash Return Calculation Hard Money Finance @ 15% :
10% down = $6k down$54k @ 15% = $75= $675 per month x 12 month = $8100 per year
$14,100 / $60,000 = 23.5% Cash-on-Cash ReturnFeaturesBedrooms: 3Bathrooms: 2Year Built: 1986Square Footage: 1299Agent Name: Deadrick LingoBroker: PeachState Development Group IncLocation1981 Marbut Forest Lithonia GA 30058Powered by vFlyer.comvFlyer Id: 2404130
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