- Address: 6621 Manoleta DR Lithonia, GA 30038
- Inspection: Wednesday, October 10th At 2 PM ET
- Repairs: Please see the description below
- Asking Price: $99,900
- Pictures: >> Click Here For Pictures <<
- Video: >> Click Here For Video <<
- Layout Sketch: >> Click Here For Layout Sketch <<
- Measurements: Coming Soon
- Inspection Report: >> Click Here For Inspection Report <<
The contract for 6621 Manoleta DR Lithonia, GA 30038 offers fantastic return opportunities for landlord and rehab investors!
Rehab investors can potentially earn cash-on-cash returns of almost 33% or greater with the contract for this property. Dated homes requiring significant updates like 6619 Mohave Ct have sold for $155,000 with other nearby homes requiring work selling for as much as $170,000 or more. This implies a fully fixed up home could sell for $180,000 or more.
Landlord investors can expect rents of $1,300 or more like the current tenant is paying, generating substantial positive cash flow. At this rental rate, landlords would earn cash-on-cash returns in excess of 12%! Keeping the existing tenant in place could push your returns even higher by lowering your vacancy rates.
Don’t lose out on this opportunity to secure the lowest cost, best value property in the neighborhood making this a winning investment property! RSVP For our one and only inspection on Wednesday, October 10th at 1 PM ET.
Note: this property is tenant occupied.