523 Camelot Dr, Atlanta, GA 30349
$21,500.00
Presenting an affordable 3-bedroom, 2-bathroom, 1282 sq ft. built in 1970 condo located in College Park. This condo will need full cosmetic updates, including bathroom, kitchen, flooring, and more. Once updated, Section 8 pays up to $1,600 monthly for this zip code.
Condos at this price don’t last long.
Bedrooms: 3
Bathrooms: 2
Rental Income $1,600 mo. / $19,200 yr.
Investor Price $21,500
Closing Costs to Buy $2,500
Rehab Projection $40,000
Utilities $500
Property Insurance $1,000 / yr.
Estimated Taxes $674 / yr.
Property Management $1,536 / yr.
Maintenance $500 / yr.
HOA Dues $3,000 / yr.
Projected Income $12,490
Estimated APY 20.99%
Flip Rehab
Interior
Interior paint $4,000.00
Drywall preparation $4,500.00
Vinyl flooring $5,000.00
Bathroom remodel $10,000.00
Kitchen cabinets $3,000.00
Kitchen appliances $2,500.00
Kitchen countertops $3,500.00
Other $5,000.00
Closet/Interior doors $1,000.00
Light fixtures/Outlets $1,000.00
Miscellaneous hardware $500.00
For more details or to secure this deal, please reach out to your Georgia Grapevine advisor today!
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