1708 West Lincoln Avenue, Albany, GA
12.04% return
SP:
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Property Description

Rental in Georgia!! 

No major deferred maintenance needed. Low expenses, easy to maintain. Great for a first time investor! Can generate a 12%+ NET RETURN on investment!! 

Financing available!

 

Property Information

  • Listing statusActive
  • Property typeSingle Family
  • Total bedrooms2
  • Total bathrooms1
  • Building size1164 sq. ft.
  • Lot size0.3 acres
  • Year built1954
  • CountyDougherty County
  • Subdivision
  • ConstructionFrame
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Sale price $55,000
  • Estimated rehab 1 $0
  • Total investment $55,000
  • Type Actual
  • Gross income (annually) $7,800
  • Operating expenses (annually) $1,180
  • Net income (annually) $6,620
  • Gross return 14.18%
  • Gross income (monthly) $650
  • Operating expenses (monthly) $98
  • Net income (monthly) $552
  • Net return 12.04%

Property Income & Expenses

  • Income
  • 2 bed / 1 bath $650/month $7,800/year
  • Total $650/month $7,800/year
  • Expenses
  • Property Taxes $65/month $780/year
  • Maintenance reserve $17/month $200/year
  • Insurance (estimated) $17/month $200/year
  • Total $98/month $1,180/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

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