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Case Study - $12,210 profit - 26% in under 2 months |
We purchased this property considering the following Criteria; |
- Bank owned property on market for more than 1 month in the MLS - Recent price reduction below retail market value to capture market value equity - Larger lot size than most homes in the subdivision, future addition possible - Roof condition good, only minor repairs required - Concrete block exterior on slab construction makes it termite & hurricane proof - Built in 1993, only 16 yrs old - Exterior condition good, no repairs, just cosmetic finishing work required. - Property already fenced for added security during rehab and for new owners - Final selling price well within reach of most renters |
BEFORE |
AFTER |
Cash purchase for $28,032 |
ADD improvements & carrying costs = $46,475 total cash invested |
Sold for $60,000 ( $59,950 net) |
$59,950 - $46,475 = $13,475 profit |
29% in 2 months |
Property sold with owner financing terms; |
$4,481 cash flow |
$46,475 cash invested |
= 9.64% annual return on cash invested |
eXp Realty in Georgia, Atlanta area Promenade II 1230 Peachtree St. NE. 19th floor Atlanta, GA 30309 Broker office: 404-422-6575 |
Areas we cover |
Acworth - Alpharetta - Austell - Canton - Dallas - Hiram - Kennesaw - Mableton - Marietta - Powder Springs - Roswell - Sandy Springs - Smyrna - Vinings - Woodstock |