Mableton, Atlanta GA 30126
This was a bank-owned property which was bought for $75,000, in a middle-income industrial area. It is a 3-storey “brick-front’ town-home in Cobb County. It was in good condition and needed little rehab. The gross rental income at the time of purchase was $1,100 pm, and the initial net yield was 10%. At the time of purchase, the estimated replacement cost was $178,220.
This property was bought for over $100,000 less than its replacement cost.
That’s a solid initial net yield of 10%
Use the map to get an idea of the area. For security purposes we have not identified the actual property on the map.
|Total capital investment||$92,800|
|Gross monthly rent||$1,100|
|Monthly operating expenses||$354|
|Net monthly rental||$746|
|Initial net yield||10%|