🔥50K Profit / Fix & Flip / Single-family / Atalanta / Georgia 🔥

Newton County, Covington, GA, 30016
Sold
Listed at: April 4th, 2024
Price
$260,000
ARV
$360,000
Gross Margin
$100,000
Sq. Footage
2636
Type
Single-Family
Parking
Attached Garage
Year build
2004
Lot size
0.41 acres
Bedrooms
5
Bathrooms
3
Half Bathrooms
0
Summary


FIX AND FLIP SFH

🛌 5 BEDS
🛀 3 BATH
🏠 2636 SQ FT
🛠️ Year Built: 2004
🏠 Lot Size: 0.41 acres

FINANCIALS

ARV : 370K
Repairs : 20k
Purchase Price : 260k
Realtors + Closing Costs ( 8 % ) : 30k

Profit : 50k - 60k  
ROA : 18% 


COMPARABLES              RPR 5* Confidence : 368k

- 190 Trelawney Ln Covington, GA 30016 5 Beds 3 Baths 2,511 sqft (on 0.58 acres) - 390k
- 10 Trelawney Ct Covington, GA 30016 4 Beds 3 Baths 2,578 sqft (on 0.76 acres) - 370k

REPAIRS

🏠 General Condition : 8/10
🛠  Repairs Amount : $ 20,000 - $ 25,000
🧱 Rehab Level : Cosmetics 

HVAC probably needs updating
Interior Cosmetic work ( carpet, painting and etc. ) 
Roof 3 years old
Water Heater 3 years old

EMD + CLOSING DATE

EMD: $ 10,000
Closing Date: 28th of June

OCCUPANCY : owner - occupied
ACESS : Schedule a walkthrough with Dispo Manager ( 828 469 0837 )

* Notice of Interest filed on the property. Don’t go behind our back, or a lawsuit will be filled.

* All the numbers are estimates, and the buyer has to do its own due diligence on the property. 



Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Sergio

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Disposition manager