Analyzed Deals

We have analyzed this deal to see how this particular single family home in Stone Mountain would be as a rental property. We try to research and analyze better than average deals for you to help save you time and money. You can read about what it is like researching properties for deals on your own in our article: Find Real Estate Deals is a Numbers Game.

Where is this property?

It is located in Stone Mountain, GA. The property address is kept private to preserve the deals for our members. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about Deal #4112 and they can give you the full details about this property and help you in purchasing it. This particular property was submitted to the Atlanta Real Estate Resources Website featuring real estate investor articles and local deals.

How did we find this property?

We found this property from one of our real estate investor friendly agents/brokers or one of the real estate investor wholesalers we know in the Stone Mountain area.

Learn to find motivated sellers using marketing in Buying Houses with Door Hangers. This CD is included as part of the 68 CD Ultimate Real Estate Investor Package that you get when you purchase any house we promote on the website through our recommended real estate agent or broker. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about real estate Deal #4112 and they can give you the full details about this property and help you in purchasing it.

Notes:

The following was left as notes by the person that submitted the deal to us:

Just rehabbed property in northeast Atlanta with section 8 tenant literally just placed. Comps show strong equity and with current tenant in property cash flow should be quite strong.

Property Details

• Bedrooms: 3
• Baths: 2.00
• Square Footage: 1,836 (see square footage estimates for info)
• All information is deemed reliable, but is pulled from tax records, real estate agent, zillow or the seller.

Income

• Gross Rent: $922/month (see Rent Estimates for more info)
• 4.00% Vacancy Adjustment: $37/month (see Vacancy Estimates for more info)
• Net Rent: $885/month
• NOTE: These numbers are for traditional rental income and NOT a rent-to-own. Rent-to-own analysis follows below.

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We have analyzed this deal to see how this particular single family home in Myrtle Beach would be as a rental property.

Where is this property?

It is located in Myrtle Beach, SC. The property address is kept private to preserve the deals for our members. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about Deal #4110 and they can give you the full details about this property and help you in purchasing it. This particular property was submitted to the Myrtle Beach Real Estate Resources Website featuring real estate investor articles and local deals.

How did we find this property?

We found this property from one of our real estate investor friendly agents/brokers or one of the real estate investor wholesalers we know in the Myrtle Beach area.

Learn to find motivated sellers using marketing in Buying Houses with Voice Broadcast. This CD is included as part of the 68 CD Ultimate Real Estate Investor Package that you get when you purchase any house we promote on the website through our recommended real estate agent or broker. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about real estate Deal #4110 and they can give you the full details about this property and help you in purchasing it.

The Story

Before we get into our full analysis, here is some of the interesting story for this particular deal:

From the agent: This is a short sale. The list price is equal to or less than the mortgage amount. Offers are subject to bank approval. This process can take 4-12 weeks. Bank policies and procedures will determine the actual time for acceptance and execution. This condo is sold in as is condition and will remain “active” status until accepted by the bank. This unit had $32,000.00 gross rental income for 2007. Oceanfront 10th floor Amenities include indoor/outdoor pools, hot tub, lazy river. The Carolinian is close to restaurants, entertainment, golf and shopping.

Typical 2009 Rates
Carolinian 2 Bed, 2 Bath Oceanfront
(01/03 02/27) (02/28 04/03) (04/04 05/29) (05/30 06/05) (06/06 06/12) (06/13 06/19) (06/20 08/07) (08/08 08/14) (08/15 08/28) (08/29 09/25) (09/26 10/30) (10/31 12/31)
Night $82 $99 $116 $183 $228 $250 $260 $250 $212 $135 $116 $90
Week $390 $495 $593 $993 $1365 $1498 $1590 $1498 $1267 $750 $650 $450
Snowbird Monthly Rate | Oct-Mar: $1200

Property Details

• Bedrooms: 2
• Baths: 2.00
• Square Footage: 1,075 (see square footage estimates for info)
• All information is deemed reliable, but is pulled from tax records, real estate agent, zillow or the seller.

Income

• Gross Rent: $5,333/month (see Rent Estimates for more info)
• 60.00% Vacancy Adjustment: $3,200/month (see Vacancy Estimates for more info)
• Net Rent: $2,133/month
• NOTE: These numbers are for traditional rental income and NOT a rent-to-own. Rent-to-own analysis follows below.

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We have analyzed this deal to see how this particular single family home in Saginaw would be as a rental property. We will use the numbers submitted to us in the calculations below, but you can modify these assumptions and use your own numbers to analyze this deal.

Where is this property?

It is located in Saginaw, MI. The property address is kept private to preserve the deals for our members. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about Deal #4109 and they can give you the full details about this property and help you in purchasing it. This particular property was submitted to the Saginaw Real Estate Resources Website featuring real estate investor articles and local deals.

How did we find this property?

We found this property from one of our real estate investor friendly agents/brokers or one of the real estate investor wholesalers we know in the Saginaw area.

Learn to find motivated sellers using marketing in Buying Houses with Classified Ads. This CD is included as part of the 68 CD Ultimate Real Estate Investor Package that you get when you purchase any house we promote on the website through our recommended real estate agent or broker. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about real estate Deal #4109 and they can give you the full details about this property and help you in purchasing it.

The Story

Before we get into our full analysis, here is some of the interesting story for this particular deal: This property is located in close proximity to commercial property.

Property Details

• Bedrooms: 3
• Baths: 1.50
• Square Footage: 1,638 (see square footage estimates for info)
• All information is deemed reliable, but is pulled from tax records, real estate agent, zillow or the seller.

Income

• Gross Rent: $805/month (see Rent Estimates for more info)
• 4.00% Vacancy Adjustment: $32/month (see Vacancy Estimates for more info)
• Net Rent: $773/month
• NOTE: These numbers are for traditional rental income and NOT a rent-to-own. Rent-to-own analysis follows below.

Read the rest of this entry »