Reach out to me if you have trouble logging in or finding the address:

tae@divesticventures.com

770-226-5512

1) Specs:

Bed/Bath: 2/1

Year built/Square ft: 1972YB/837sqft

Lot Size (Acres): .1 acre

Occupancy Status: Vacant

Access Method: By Appointment (Contact me)

HOA: No

Closing Date: 5/3 with Jeff W. Parmer

2) Numbers:

Fair Market Value: ~$125-$135,000. Some value additions and it can reach $155,000

Market Rent Estimate: $750/mo

Rent Zestimate: $1050/mo

Asking Price: $50,000

Buy Now Price: $55,000

Multiple Exits:

Fix it up to nearby comps, add a bathroom, and you'll have no problem renting it out for over $900/mo as a 2/2. You should have no problem leasing this home due to it's close proximity to Troy University, Montgomery St, and attractions/restaurants (Pioneer Museum, Butter and Egg Adventures, Veterans Memorial Stadium)...

You can add both a bedroom and a bathroom, and you can rent it out for over $1050/mo considering it also has a carport and is a newer build than surrounding homes. It's in a prime location with great school districts: Greatschools Rating: Combined Score of 14/30

You can just fix&flip it at $125,000-$155,000 depending on rehab work.

This is a very straightforward investment opportunity. 1%+ Rental yield or a quick and easy $25-35k fix&flip from a 2-3 month project

3) Important Details:

Rehab Info: Interior needs some TLC, but you don't have to replace the roof

Roof: Age: 7 years

HVAC:  Age: 17 years. Needs replacement

Water Heater: Unknown

Parking: Carport

Basement: None

4) Miscellaneous Details:

Flood Zone: Not in a flood zone

GreatSchools Rating: 5/4/5

Annual Property Taxes: $167/yr

Additional Notes:

5) Comps:

Flipper Comps:

110 Lilac Ln: $57,130 (Sold 2 years ago in worse condition than subject property)

.2 mi - 3bed,2bath,1620sqft - Sold As-Is in distressed condition

716 Willow St: $110,500

1.5mi - 2bed,1bath,1056sqft - sold without exterior updates

810 Brundidge Blvd: $164,000

.7 mi - 1bath,1452sqft - distressed condition

209 W Orange St: $115,000

1.3mi - 2bed,1bath,1191sqft

Rental Comps:

No need for comps. Rents for 2beds and 2baths in the area are going for $900/month minimum.

Rents can go as high up to 1100/mo

6) Our Preferred Closing Terms:

Attorney: Jeff W. Parmer

1 Walkthrough Pre-Binding

0 Days DD Post-Binding

$3k EMD

DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. Any attempts to renegotiate or make contact with the owner will result in legal action.