1121 JONES AVE, ATLANTA, GA 30318

1121 JONES AVE, ATLANTA, GA 30318

ASSET TYPE: DUPLEX
PROPERTY DESCRIPTION: Sold in 2008 for $360,000. Cost to build with land estimated at $235,000, Units have been completely remodeled and has warranty and construction guarantees.
YEAR BUILT: 2003
SIZE-AQFT UNDER AIR: 2842
BEDS: 6
BATHS: 4
PURCHASE PRICE: $102,000
PRICE PER SQFT UNDER AIR: $34.48
TAX (YEAR): $1,990
INSURANCE: $750 (estimate)
MANANGEMENT FEE: $1,980 (10% OF GROSS ANNUAL INCOME)
TOTAL ANNUAL EXPENSES: $4,720
RENT (MONTHLY): $1,650 (*typical rents)
ESTIMATED ANNUAL RENT: $19,800
ESTIMATED ANNUAL NET INCOME: $15,080
ESTIMATED NET YIELD CAP RATE: 14.8%

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