We are presenting a great opportunity to invest in a lucrative short term real estate project with all safety instructions provided. Funds needed to complete this project are estimated to $ 18,355.note that this funds will be used to originate loan amount to acquire real estate.
Term of the project is expected to be less than 6 months. Investment Opportunity Any representations made are estimates only. All details will be confirmed during due diligence period. Investment Summary The property is located at 2026 Mcaffe Rd Decatur Ga 30032 just less than 15 minutes from downtown Atlanta and 10 minutes from downtown Decatur. This area is known to be one of the sweet spot for investors because of its high real estate demand and for being a nice and quite neighborhood Property is being purchased as is with ten days of inspection period and closing date will be on may 20 th purchase amount for property will be $48,000.00 Property Features Single family residence Year built 1949 3 Bedrooms 1 Bathroom Square feet 1267 detached garage Investment Summary Square footage will be added for a brand new kitchen and pantry . Hardwood floors will be refinished through out the house. Walls will be scraped textured and finished with a beautiful two tone- paint color theme trough out the house. Exterior of home will be completely cleaned up and a small front porch will be built . New gutters will be installed . New heating and AC system will be installed. New landscaping will be added to give it a nice curb appeal and many other upgrades. Replace all Windows
The ARV (after repair value ) of this home is $135,000 with a rehab budget of $35,000. We are offering 54.5% profit to our gap fund investor which will be $10,000 (27% ROI or 54.5% annualized.)
Its a great market with a lot of opportunities for retail flips and rental flips . We estimates average of rehabilitation to be 45 days and plan for investment period of 4 to 6 months.
This property is being offered by Green Shield Investments LLC For more information please contact Ermin Navarro at 818689 49 74
Property Template 2014 Street number 2026 Tax year 2013 Street Address Mcafee RD Date 05/20/14 City Decatur Tax assessed value $54,000 Zip code 30032 Current market value $135,000 Estimated final sale price $135,000 6 month pre-paid insurance $657 Estimated purchase price $48,000 Taxes $158 Estimated rehab/repairs $35,000 Bedrooms 3 Estimated closing ,escrow,lender Bathrooms 1 Points,four month holding costs , insurance,escrow $8,775 Sq Feet 1267 realtor,and other fees Average Sp/Sf $106.5 Estimated after renovation equity $43,225 Estimated Value $135,000 Selling costs 9% $12,150 Recent Sold Compos Net Potential Profit $31,075 Street Address Sales Price DOM Close Date Sp/Sf 529 Stanton Dr $155,000 34 04/04/14 $134 1107 1895 Stanton st $153,654 62 02/07/14 $94 1587 599 Quillian ave $140,000 7 01/10/14 $96 1402 Market Survey-Comparables Report Subject Property Comp 1 Comp 2 Comp 3 Address 2026 Mcafee Rd 529 Rosemont DR 1895 Stanton st 599 Quillian ave City/State Decatur/GA Decatur Decatur Decatur MLS# 7179299 5220351 5230159 Status Pending Sale Sold Sold sold List price $52,000 $155,000 $153,654 $140,000 Sold price $48,000 $149,000 $150,000 $135,000 CDOM 34 62 7 Sales Date 04/04/14 02/07/14 01/10/14 Bedrooms 3 3 3 4 Bathrooms 1 2 2 2 Sq.Ft 1267 1107 1587 1402 Lot size Year built 1949 1954 1950 1946 Garage yes No No No Price /sf $38 $134 $94 $96