Covington, GA | $55,000 Net Equity | $25,200 PREPAID Rent

Newton County, Covington, GA, 30016
Sold
Listed at: April 8th, 2024
Price
$245,000
Sq. Footage
1948
Type
Single-Family
Parking
Garage
Year build
2003
Lot size
1.11 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

End Buyers Only
Covington, GA, 30016

Investment Opportunity + Leaseback:

Asking Price: $245,000
Net Equity: $55,000
Market Value ($300,000) - Asking Price ($245,000) = Net Equity ($55,000)
Total Prepays at Closing: $27,300
Monthly Rent: $2,100 with 12 months of prepaid rent + Deposit
Total rental income: $25,200

3 BD / 2. BA
Sq. Ft: 1948
Lot size (Acres): 1.11
Year Built: 2003
Seller wants to stay as a tenant

Pre-approved Financing:
80% LTV DSCR Loan
Cash to Close (Estimated) = $44K - $48K

Why buy this property?
Shopping and dining 1.6 Mi
Schools 2.1 Mi
Hospital 10 Mi
Highway 278 NE 11.1 Mi

No renovations needed
Low Crime Rate
Investment Potential
Proximity to Work
Good Schools
Community Amenities

To secure this property, click the button
For more info: Text Juan Sebastian Basto García at 786-490-2402

 

Important Purchase Terms: 

The information provided about properties is sourced from public records including property card and property tax records. We make no representations of any kind. Buyers are strongly advised to conduct their own due diligence before making an offer. A non-refundable earnest money deposit of $2,500 of the Asking Price and a signed purchase agreement are required to proceed with an offer. Our standard policy is an 'as is' sale with no contingencies or inspections, unless otherwise specified. Close as soon as the title is ready (approx 7 days). It is our company policy that the buyer pays for all closing costs including the title insurance fee.

 

DISCLAIMER:

DO NOT CONTACT THE OWNER/SELLER WITHOUT OUR EXPLICIT CONSENT. ANY ATTEMPTS TO RENEGOTIATE OR CONTACT THE SELLER WILL RESULT IN LEGAL ACTION

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

Juan Basto

No reviews

Disposition manager