Just Remodeled. Looks Amazing.
Turn Key
Tenant In Process 
Professionally Managed
15% Projected Passive Cash Return !!

8964 Raven Drive
Jonesboro, GA 30238

$55,000

Special Pre-Tenant Price. This home is currently being marketed for rent. Close prior to lease signing and get a reduced price.  $59,000 with tenant in place. 

100% Remodeled and updated home in a good neighborhood. Desired 4 bedroom, 2 bathroom home will rent for $950. Ideally suited for the investor, the home has a new air conditioner, new water heater, newer furnace, all new flooring, paint, appliances, light fixtures, bathroom vanity, plumbing fixtures and much more. Very clean and family friendly






A well qualified renter will be placed in a one year lease at approx. $950/Month by a top property management company.


THE NUMBERS

Purchase Price

$55,000

Projected Return

Rent Income

$950

Yearly

$11,400

Prop Tax

$32

Yearly

$384

Prop Mng

$75

Yearly

$900

Insurance

$50

Yearly

$600

Vacancy 5%

$48

Yearly

$570

Maint reserve

$30

Yearly

$360

Net Return

$716

Yearly Net Return

     $8,586

Net Return before write-offs

15.61%

and appreciation

 

Recent Improvements

NEW AIR CONDITIONER

NEW WATER HEATER

NEW  KITCHEN AND BATHROOM FLOORS

NEW PAINT THROUGHOUT ENTIRE HOME

NEW KITCHEN APPLIANCES

NEW CARPET THROUGHOUT ENTIRE HOME

NEW BATHROOM VANITY

NEW LIGHT FIXTURES

NEW PLUMBING FIXTURES

NEW TILE ENTRY

FENCED BACKYARD

MANY OTHER REPAIRS AND UPGRADES

THE HOME AND THE NEIGHBORHOOD

The home is large with approx 2,000 sq ft of living space. It has 4 bedrooms and a bonus room for an office making it a desirable rental at $950/Month. The home last sold for $123,000 in 2002. That´s 10 years ago. Appreciation potential is strong along with very good cash flow. Located in Jonesboro Ga, the home sits among pine trees on a generous size lot and is 25 minutes from downtown Atlanta.


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Need more info ?
Contact Anthony Dadlani
646-875-8590



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