Atlanta – $42,000

Net Return – 16%

Atlanta – $42,000 Array, Array

$42,000

Description

This very large two bedroom house is located in East Point just under nine miles from the centre of Downtown Atlanta Georgia. This property has to be one of best valued properties on the market today, the house has two very large bedrooms, 1.5 bathrooms and its own separate laundry room, the property is part of the Dunlap Pointe Community. This property was refurbished in only 2014 and has now just been made rental ready for new tenants who will be placed over the coming weeks. The Atlanta rental market is one of the strongest in the US so tenant placement will be quick, this house is also under management by one of the leading Atlanta Management companies.

This property is ideally located in East Point a great rental area just south of Downtown Atlanta. The Georgia International Convention Centre and Hartsfield International airport are less than a five minute drive.

Property Details

• Two bedrooms.

• 1.5 bathrooms.

• 1,080 sqft built.

• Excellent location.

• Fully managed.

• Local staff.

• Garden.

• Good condition.

Investment Calculation

Purchase price: $42,000

Gross annual rental income: $8,400

Property running costs: $1,990
(Tax, insurance and management costs)

Net annual rental income: $6,410

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 16%

Break even in 6.25 Years

Detail

Price: $42,000

Net Return: 16%

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