Transaction Highlights
- After Repair Value: $225,000
- Repairs: see images below
- Market Rent: $1,550
- Asking Price: $139,900
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- Pictures: >> Click Here For Pictures <<
Opportunity Description
The contract for 212 Bristol Ln Marietta, GA 30066 offers fantastic return opportunities for landlords and fix and flip investors!
Rehab investors can potentially earn cash-on-cash returns of almost 30.0% or greater with the contract for this property. Renovated homes like 2492 Cottonwood Drive have sold for $250,000 late last year. Other homes like 2388 Black Oak Drive have sold for $221,000 with properties prices continuing to hold strong in the neighborhood.
Landlord investors can expect rents of $1,550 or more generating substantial positive cash flow. At this rental rate, landlords would earn cash-on-cash returns of almost 11.0%! Plus, there’s the strong opportunity for appreciation in this historically strong East Cobb neighborhood with prices expected to conservatively increase 5.3% in the next year. This increases the opportunity for a successful cash-out refinancing in the next six months.
Don’t lose out on this opportunity to secure the lowest cost, best value property in the neighborhood making this a winning investment property! Contact us today to learn more about this opportunity by texting us at (404) 800 9782 or emailing us at buyers@idealpas.com.
NOTE: this house is occupied. Drive-bys only. Do Not Disturb Occupants.
There will be a tentative property inspection next week. Spacing is extremely limited. Please contact us to RSVP if you would like to attend!
Basic Terms
We are in possession of an assignable Purchase & Sale Agreement that will allow us to purchase this property. We are selling the Purchase & Sale Agreement that will allow you to purchase the property. No conventional financing allowed. Cash, private lending or hard money only. Price is net to seller, buyer pays all closing costs, property sold in as-is condition, buyer is responsible for their own due diligence and verifying all facts and figures in regards to purchasing the property. Agents please add your commission to the price when marketing to clients. Wholesalers please contact us if you have interested buyers. Opinion of value is given as a courtesy only as seller makes no guarantees or warranties, express or implied, as to the value or condition of the property. If you are interested in buying this Purchase Agreement…
- Earnest Money Deposit: $2,500 Non-Refundable Deposit
- Close of Escrow: On or before 1/31/2018
- Escrow Agent: Shafritz & Dean