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Transaction Highlights
- Address: 5813 Bobbin Ln, Lithonia, GA 30058
- Inspection: Wednesday, November 7th At 2 PM ET
- Repairs: Please see description below
- Asking Price: $ 89,900
- Pictures: >> Click Here For Pictures <<
- Video: >> Click Here For Videos <<
- Layout Sketch: >> Click Here For Layout Sketch <<
- Measurements: >> Click Here For Measurements <<
- Inspection Report: >> Click Here For Inspection Report <<
Opportunity Description
The contract for this three (3) bedroom, two (2) bathroom single-family residence at 5813 Bobbin Ln, Lithonia, GA 30058 offers fantastic return opportunities for landlords AND fix and flip investors!
Rehab investors can potentially earn cash-on-cash returns of 21% or greater with the contract for this property. Inventory is low and demand is still high in this area. Smaller, renovated homes like 5927 Dart Dr and 1978 Spencer Oaks Ln have sold for $145,000 to $150,000 recently.
Landlord investors can expect rents of $1,200 or more generating substantial positive cash flow. At this rental rate, landlords would earn cash-on-cash returns in excess of 11%!
Repairs Needed: Aside from new carpet and a few cosmetic improvements, this property is rent-ready. It will need to be updated to maximize its resale value.
Vacancy: Tenant on a month-to-month lease.
Don’t lose out on this opportunity to secure the lowest cost, best value property in the neighborhood making this a winning investment property!
RSVP for our one and only inspection on Wednesday, November 7th at 2 PM ET.