Certified Rent Ready Property Listing

Positive cash flow guaranteed

31.16% Annual Return on Investment

Professionally renovated 3 BR/1 BA home in Decatur. New paint inside and out, hardwood floors in Living Room & Dining Room, updated kitchen with oak cabinets and new appliances, new lighting, HVAC serviced/replaced. It also has an alarm system, window blinds, 1 car carport and a fenced back yard. Leased @ $1000 per month.

Price: $62,000.00
$329.00 MONTHLY CASHFLOW

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Location

Pricing Information

Address:

2091 Cherry Lane
Decatur, GA 30032

Purchase Price:

$62,000

Area:

Decatur-Metro Atlanta

Appraised Value:

$77,500

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Property Availability

Cash Flow Analysis*

Status:

Under Contract

	Monthly	Annual
Principal & Interest:	$298.00	$3,576.00
Property Taxes:	$145.00	$1,740.00
Hazard Insurance:	$48.00	$576.00
Management Fee: (8%)	$80.00	$960.00
Vacancy Rate: (5%)	$50.00	$600.00
Maintenance: (5%)	$50.00	$600.00
Rent/Income:	$995.00	$11,940.00
Cash Flow:	$329.00	$3,948.00
1st Year ROI:		30.63%
Annualized ROI (over 5 years):		31.16%

Property Access:

**PLEASE DON'T DISTURB TENANT** Call 678-502-5000 for appointment

Property Details

Type(s):

Single Family

Approx. Sq. Feet:

1316

Approx. Lot Size:

.24

Beds/Baths:

3/1

Construction:

Brick

Basement:

Unfinished

Additional Features:

This home has a formal Dining Room

* Mortgage rate based on 20% down payment, 6% interest rate, 30 yr. amortization. Closing costs based on 5% of financed amount.

* 1st Year ROI= (Annual Cash Flow plus 1st year Equity Build Up) divided by (Cash Down Payment plus Closing Costs)

* Annualized ROI (over 5 years)= ((Annual Cash Flow times 5 years plus 5 year Equity Build Up) divided by (Cash Down Payment plus Closing Costs)) divided by 5