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%.
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.
|Loan duration (Months)||0.7|
|Gross return over loan period||5%|
|Gross annualised return||84%|