15 Pin Oak Pl, Atlanta - Vertigo Investments

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15 Pin Oak Pl

Atlanta, Covington, GA 30016 $111,702
  • Freshly Painted Exterior
  • Two New Furnaces
  • Two New Hot Water Heaters
  • Updated Electrical
  • All New Plumbing
  • Newly Refinished Hardwood Floors
  • Remodeled Kitchens
  • Brand New Bathrooms
  • Freshly Painted Interior
  • Separate Utilities

  • Rental Information
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The property is rented for $1,225 a month. Upstairs Tenant pays $600 a month (3 Bedrooms). Downstairs pays $625 a month (4 Bedrooms). Both tenants signed recent, new one year leases and paid full cash security deposits equal to one month’s rent. This deposit is credited to the New Owner at closing. The current Property Manager placed the tenants and will stay on at New Owner’s request, ensuring a smooth transition after the sale.

Monthly Expenses

  • Property Taxes: $31.25
  • Insurance: $70.00
  • Water: $70.00
  • Sewer/User Fee: $18.50
  • Lawn: $20.00
  • Gas/Electric: Tenant Responsible
  • Snow Removal: Tenant Responsible
  • Property Management: $122.50 (10% of Collected Rent)
  • Total Monthly Expenses: $332.25
  • Income/ROI Information
  • Total Monthly Rental Income: $1,225.00
  • Total Monthly Expenses: $ 332.25
  • Positive Monthly Cash Flow: $ 892.75
  • Return on Investment: 18% (Based on Sale Price of $61,000)