Turnkey Investment Properties
Property Details / 226 Essex Drive

The Greater Atlanta market has shown a steady increase in home prices the last 12 months. Over 13,000 homes have been purchased since the first quarter of 2009. Median home price at the end of Q1, 2009: $159,000. Median home price at the end of Q1, 2010: $198,000. "City-Data.com April, 2010"

"Heavily discounted inventory is drying up, housing starts are on the climb, and job creation is outpacing local population growth."

Now is the Time to Buy!


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Prop Address: 226 Essex Drive - Jonesboro, GA
Listing Number WRI226 Sq.Feet:  1040
MLS Price: $69,900 Year Built: 1969
Our Price: $64,900 Appliances:  yes
Price per sq. ft. $62.40 Central AC: yes
Property Type:  Single Family Pool:
Bedooms:  3 Waterfront: no
Bathrooms:  2 Est. Rent: $800
Den: Est. CF: $582.75
Garage: Status: Active

Summary

Comparables
  Price Link
MLS Listing $69,900 MLS Listing
Comparable 1 $109,000 Comparable 1
Comparable 2 $84,900 Comparable 2


Cash Flow Analysis
  Monthly Annual
Property Taxes $89.92 $1079
Home Owners Association $n/a $n/a
Hazard Insurance $41.66 $500
Management Fee $44 $528
Maintenance $41.66 $500
Rental Income $800 $9,600
Cash Flow $582.75 $6,993
Potential ROI
(Return On Investment)
  11.67%


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