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House in Fayetteville

" Must see completely renovated home in great subdivision in Fayetteville, a stepless ranch appliances included, 2 car garage, gas and electric, subdivision has a beautiful lake." Georgia MLS

  • Covered parking
  • Dining room
  • Dish Washer
  • Family room
  • Fireplace
  • Garage - Attached
  • Guest parking
  • High-speed internet
  • Lawn
  • Master bath
  • Off-street parking
  • On-street parking
  • Refrigerator
  • Storage space
  • Stove/Oven
  • Walk-in closet
  • Yard

History

This is our second property purchased in Feburary 2013. We purchased it from an Estate in the short sale process with a bank (aka a great price). The property is located in a very desirable area of Atlanta, with community amenities.  It required approximately $5000 worth of renovations (2 weeks work). At the price we bought we're already way ahead plus we're renting it on a 12 mo lease.

Additional Info

  • Facts:
    TypeSingle Family
    Price (in 2013)$41,000
    Add Costs (fees/renovation)$5,345
    Yr Built1995
    SQFT1353
    Bed/Bath3/2
    AreaClayton County
    Area Build Cost (avg)>$100/sqft
    Est. Cost to Build$135,300
    Hold Strategy (Term)5 years
    Est. Revenue (5 years)$39,666
    Current Lease (Rental)1 year
    Est. Market Value (current)$85,586
    Est. Growth (Market)8.0% /yr
    Sale Price (Est. in 2018)$125,754
    ROI [see proforma]256.93%
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