Friday, January 9, 2009

Foreclosures without the headache

















$128,000 priced
You Pay = $98,000 = Discount


Down = $2,000 = Low Down
Rented = $1,000 = Cash Flow
1 Yr Lease = Removes Vacancy Factor
Remodeled = No Additional Capital Needed



Finance 75% of original price and only put $2000 down.
The remainder is your discount on the house. 24% discount!!!


Rented $1000 per month until Jan 31, 2010.
Positive Cash Flow by $83-$163 per month after all expenses and management fees

Since its rented for the first year, which means no vacancy, then $163 x 12 is $1956
That’s the down payment back right there, returned in 1 year




6831 Collier
4 bedrooms
Remodeled
Close in Atlanta, 15 min. to downtown
1 mile to Walmart-Publix-RiteAid-Hollywood Video-Riverdale Plaza
Already Rented.

Atlanta Top 10
1. Georgia gains the 4th most population in 2008. US Census.
2. Atlanta adds 1 million people in the last 7 years. Highest Growth in the US.
3. Atlanta is home to the world’s busiest airport,
4. 22 of the Fortune 1000 HQ. 5th highest concentration of the Fortune 500
5. One of the most preferred cities to open or expand corporations by CEOs
6. Huge Rental Demand. Nearly 50% of residents are renters.
7. HQ for many mega-corporations like: CNN, Coca-Cola, UPS, Home Depot, Delta, Turner, COX and more.
8. Lots of Government jobs including, GA State Capital, Military Bases, Federal Reserve Bank, and the CDC (center for disease control)
9. Home to 5.1 Million people
10. Attractions for all, such as: NFL Falcons and Major League Baseball Braves, SIX Flags Amusement Park, Nascar at
Atlanta Speedway, and the Nations Largest Aquarium

Click to Enlarge the Cash Flow Analysis.


2 comments:

  1. can you provide more info:
    1. monthly insurance?
    2. management fee?
    3. HOA?
    4. closing costs?
    5. full address?

    ReplyDelete
  2. Here are the estimates used in my cash flow:
    1. Insurance = $43 month
    2. Management = $80 month or 8% gross rent
    3. HOA, none applicable
    4. Closing Costs = $0, included in sale. The $2000 investment, is essentially closing costs. No other money is required.
    5. Address: 6831 Collier WAY, Riverdale, GA, 30296

    I will post an actual analysis as well.

    ReplyDelete