Rent Ready SUB2 outside Atlanta, GA 😍 Cashflows LTR 💪 Under 9% Down/5% Interest 🔥🔥 Minimal Repairs ✨ Low Payments 📉 NO Pre-Approval ✅ NO Credit Check ✅

Covington, GA, 30014
Sold
Listed at: October 18th, 2024
Price
$25,000
ARV
$300,000
Gross Margin
$275,000
Sq. Footage
1981
Type
Single-Family
Parking
Driveway
Year build
1984
Lot size
0.44 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

🚨 SUBTO ALERT 🚨

Prime investment in Covington, GA, just outside Atlanta! This rent-ready property is poised for long-term rental success. At under 9% down, with a 5% interest rate and under $1,800 PITI, this deal's amazing terms are impossible to beat! The property needs little to no repairs and is ready for immediate occupancy, capitalizing on the strong tenant demand in this growing suburb.

 

☑️ PROPERTY DETAILS:

🔹 4 bd

🔹 2 ba

🔹 1,981 sqft

🔹 1984 build

🔹No HOA

🔹 Repairs: minimal cosmetic

 

☑️ DEAL BREAKDOWN:

👉 Deal type: Subto

🔥 $25k down

🔥 5.75% interest

🔥 $1,736.98 PITI

👉 $261k loan balance

👉 Purchase Price: $286k

🎈 No Balloon

 

☑️ OPPORTUNITY:

💸 LTR: $2200/month via RentCast

💸 STR: $40k-$50kyr ~ $3300-$4100/mo via Awning.com

💸 MTR: $4500-$6500/month via FurnishedFinder 

💸 Padsplit/co-living: $550-$850 per room/month

 

🏡 Located in a quiet, peaceful suburb with rising development, Covington offers great potential for appreciation and stable rental income. Minimal upfront cost! Hassle-free! 👍 This subto deal is the perfect opportunity for both seasoned and first-time investors alike! 🤝 Don’t miss out on this crazy deal! First come first serve - call 770-778-6565 for more info 📞 

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

Jonathan Deakins

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Disposition manager