Great return over 21 days

SW Marietta, GA 30060

This big 3 bedroom, 2.5 bath, 2 garage, home has a very accommodating 1,626 square feet, with a great layout. It is located at the end of a quiet cul-de-sac in a subdivision. Sturdy construction. Only a short drive from Smyrna Village, Marietta Square, and SunTrust Park. Our borrower bought this tenanted property – with a monthly rental of $1,100 pm – for $98,000. The market rental is $1,400. YDL granted a loan of $88,200. The borrower cleaned the property out and resold it within 21 days for $129,000. YDL’s mortgage backed return over this period was 5%. The gross annualised return was 84%.

1626 Sq.ft.

3 Beds 

2.5 Baths

2 Garages

This $88,200 mortgage backed loan returned 5% in just 21 days

Use the map to get an idea of the area. For security purposes we have not identified the actual property on the map.

The Numbers

Loan Type Wholesale
Loan amount $88,200
Loan duration (Months) 0.7
Origination points 4%
Interest rate 12%
Gross return over loan period 5%
Gross annualised return 84%

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