208 Millpond Parkway, Villa Rica, GA


$ 151,500 - Fix & Flip

4.0 bd | 3.0 ba | 1,163 sqft | 2005 | $ 1,400 Rent

ARV
$161,669
Net Profit
$54,748
Net ROI
62.00 %

Description

This outstanding home has a tremendous amount of space, and all kinds of amenities. Located in a new neighborhood, where homes are still being constructed their are lots of amenities in both the community and the home. My favorites are the numerous lakes, the hardwood floors and granite counter tops. This home was a great flip, and our client did quite well selling this investment property to an owner occupant. It also would have been a great buy and hold rental that could have sold for much more a year or two later. We helped our client buy this for $46,900 managed renovations and helped them cash flow for a few years and then sell for $151,500.


Fix & Flip Analysis

  • IRR: 34.86 %
  • Net Cashflow: $ 4,328
  • Rehab Est: $ 35,000
  • Cap Rate: 7.95 %
  • Monthly Rent: $ 1,400
  • ARV: $ 161,669
  • Cash on Cash: 12.64 %
  • Taxes: $ 389

Financial Analysis

  • Loan Amnt: $ 37,520
  • All-in Cost: $ 83,119
  • Debt Coverage Ratio: 7.95 %
  • Total Out of Pocket: $ 45,599
  • Monthly Mortgage: $ 207

Expense Assumptions

  • Prop Insurance: $ 1,136
  • Vacancy: $ 840
  • Prop Mgmt Fee: $ 1,344
  • Maintenance: $ 840
  • Capex: $ 0

Financing Assumptions

  • Cash Purchase: No
  • Loan Term: 360 months
  • Down Payment: 20.00 %
  • Points: 2.00
  • Interest Rate: 5.25 %
  • Interest only loan: No

Other Assumptions

  • Closing Cost: $ 1,515
  • Rental Holding Period: 12


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