Invest Smart: $380K 🏡 2 Bed, 1 Bath in Ellijay, GA with 💸 Morby Method Financing!

Gilmer County, Ellijay, GA, 30536
Sold
Listed at: July 28th, 2024
Price
$380,000
Sq. Footage
1015
Type
Single-Family
Parking
Driveway
Year build
1980
Lot size
1.91 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

🏡 Property Description:

  • 💰 Price: $380,000.00 PP
  • 🏠 Type: 2 Bed, 1 Bath

📝 MORBY METHOD

💸 Financing Details:

  • 💳 70% Down via Bank Financing
    • 💵 5% Overfunding Available
    • 📊 75% LTV
    • 📉 Approx. $1,952.00 P&I Monthly at 70%
  • 🏦 Lender Secured Already
  • 🪙 30% Seller Carry in Second Position
    • 📈 5% Accrued Annually (No Payments Till Balloon)
    • 🕒 5-Year Balloon

💲 Monthly Expenses:

  • 🏢 HOA: $75 per month (Paid $225 Quarterly)
  • 💵 Current Taxes: $940.45 Annually
  • 🛡️ Insurance Estimate: $1,000 Annually
  • 💡 Total PITI & HOA: $2,188.00

💼 Income Potential:

  • 🏡 STR Estimate: $4,800 per month
    • 📅 Avg. $200 per night @ 80% Occupancy

💡 Why This is the Perfect Acquisition for You: This property is a prime investment opportunity utilizing the Morby Method, allowing you to leverage creative financing strategies for maximum return. With secure lender financing and seller carryback options, this deal offers low upfront costs and significant monthly income potential through short-term rentals.


**WE HAVE A PREFERRED LENDER WHO DOES 100% FINANCING!** 🎉
Are you an experienced investor with at least 6 completed flips? 🏘️ Our preferred lender offers exclusive 100% financing for your next project. Take advantage of this incredible opportunity to maximize your investment potential with zero upfront costs!
Contact us today to learn more and get started on your next profitable venture!
 

📞 Contact:


Let's make this investment work for you! 🚀🌟

  • *Important Notes & Disclaimers* 

    Approaching the seller at any point is prohibited. Anyone who does will be permanently removed from our buyer's list AND black-listed with all other major partners in the area. Further, such contact will be viewed as intentional interference with a contract and may result in legal action being brought against you. We are under contract with the seller of this property and are therefore a PRINCIPAL in the transaction. Buyers are encouraged to perform their own due diligence regarding properties. Information provided is taken from public records and other sources, is provided in good faith, but is not guaranteed to be accurate. After renovated value ("ARV"), estimated repair costs, and other such figures are simply estimates; as such, buyers should conduct their own analysis and diligence regarding all aspects of the property prior to offering/purchasing.

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

Jervon Thompson

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Disposition manager