136 Magnaview Drive, McDonough, GA

$ 1,535,250 - Fix & Flip

3.0 bd | 2.5 ba | 1,800 sqft | 2019 yr | $ 1,336 Rent

Net Profit
All-in Cost to ARV
14.65 %
539.39 %


This brick and hardiplank home has great curb appeal and has built with great attention to detail, including the rear entry two car garage!   Located in a brand new sodded neighborhood close to the Avalon Park and Splash Pad, and great shopping these properties are in high demand.  This is a great opportunity to own in an A- neighborhood that has great pride of ownership and a neighborhood pool which is highly desirable for tenants who want a great lifestyle at an affordable price.

Immediately upon entering this designer home you'll appreciate luxury vinly plank flooring, arches, and a staircase with great millwork and design.  The white and gray granite with stainless  undermount sinks compliment the fashionable cabinets and stainless stove, microwave and dishwasher.  Who wouldn't want to entertain in this house with such a great floor  plan?   Upstairs there are three spacious bedrooms and two baths.

Confirm rents with the property manager of your choice, but we are told this property may rent out from $1,485 range depending upon the time of year you are leasing. This home is an excellent turn-key, built to rent property that we hope will provide outstanding returns! This is a great opportunity to get a brand-new home that can be rented without any work. Since this is a new home, in a new community, there are a number of comps that will support the $201,435 price. Our total all in cost is $201,435 and this house is ready to accept tenants immediately.

PMI Georgia, ROI Turnkey Properties, LLC working jointly with The Whitmire Group have brokered a relationship with this builder to provide new construction homes to those seeking income producing properties with the highest available returns in today's markets. There are over 12 communities with this builder and this floor plan is available in many of these subdivisions, so if this property sells it is easy to obtain the same property either in the same subdivision or in a subdivision in the metro area.

Fix & Flip Analysis

  • ARV: $1,535,250
  • Net Profit: $1,213,406
  • All-in Cost to ARV: 14.65 %

Financial Analysis

  • Loan Amnt: $ 151,076.25
  • All-in Cost: $ 224,959.80
  • Debt Coverage Ratio: 1.14 %
  • Total Out of Pocket: $ 73,883.55
  • Monthly Mortgage: $ 765.48

Expense Assumptions

  • Prop Insurance: $ 800.00
  • Annual Vacancy: $ 801
  • Prop Mgmt Fee: $ 1,522.58
  • Maintenance Cost: 761.29
  • Capex: $ 0

Financing Assumptions

  • Cash Purchase: No
  • Loan Term: 360 months
  • Down Payment: 25.00 %
  • Points: 1.00
  • Interest Rate: 4.50 %
  • Interest only loan: No

Other Assumptions

  • Closing Cost: $ 2,014
  • Rental Holding Period: 4.00

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