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House in Fairburn

"Traditional Craftsman Syle Home 4br 2.5bath home in Fairburn, GA Beautiful Two Story Frame House, Entry Foyer with Vinyl, half bath on level. Fireplace in family room, open kitchen with wall oven, microwave and surface unit. Breakfast area and breakfast bar. Large master bedroom, master bathroom has jetted tub, separate shower. Community has a pool, clubhouse, tennis court, walking/bike trail, playground. Great schools in the area."Georgia MLS

  • Air Conditioning
  • Cable-ready
  • Central A/C
  • Central heat
  • Covered parking
  • Dining room
  • Dish Washer
  • Family room
  • Fireplace
  • Garage - Attached
  • Guest parking
  • High-speed internet
  • High/Vaulted ceiling
  • Lawn
  • Living room
  • Master bath
  • Off-street parking
  • Office/Den
  • On-street parking
  • Refrigerator
  • Stove/Oven

History

This is our third property acquired in late Feburary 2013.  A HUD bank foreclosure in a fabulous neighborhood.  There were only a few minor renovations required which took us 2 weeks to complete. The price was well below the neighborhood average price, and it's currently renting it  on a 12 mo lease.

Additional Info

  • Facts:
    TypeSingle Family
    Price (in 2013)$83,000
    Add Costs (fees/renovation)$2,700
    Yr Built2007
    SQFT2133
    Bed/Bath4/2.5
    AreaFulton County
    Area Build Cost (avg)>$100/sqft
    Est. Cost to Build$213,300
    Hold Strategy (Term)5 years
    Est. Revenue (5 years)$46,650
    Current Lease (Rental)1 year
    Est. Market Value (current)$143,346
    Est. Growth (Market)8.0% /yr
    Sale Price (Est. in 2018)$210,622
    ROI [see proforma]200.20%