1803 Lee St * Decatur, GA 30035 * Copy and Paste the following Link to see Before and After Pictures: https://youtu.be/GCtAMfQMFi4
1803 Lee St * Decatur, GA 30035 has been Completely Renovated (Interior and Exterior). It's like buying a New Home, which makes it A Very Good Decision to own this 2 bedrooms 1.5 Bath Home on a nice Large 8,712 sqft lot that has 2 Parking Spaces. The Home has central Heating and Air. Features family room, spacious kitchen with ample cabinets and a nice backyard. Great opportunity for a Homeowner looking to customize or add to their investment portfolio. Nearby Schools: Elementary Grades: PK-5 * Distance: 1 mile Canby Lane. Middle School: Mary Mcleod Bethune. Grades: 6-8 Distance: 1.3 mile. High School: Columbia, Grades: 9-12 Distance: 1 mile. Places to eat out: American Wings * Milk & Honey * Captain D's * Dunkin' * Restaurant at Wesley Chapel * Zanza Bar & Grill * J Buffalo Wings * Pizza Hut * Waffle Home * O'Rileys * American Wings * Checkers * JJ Fish & Chicken. Entertainment: Metro Fun Center * Tyler Perry Studios * Zoo Atlanta * Decatur Square * Georgia Aquarium * Lakewood Amphitheatre * The Rev. James Orange Park at Oakland City Park * Stone Mountain Park.
A quick, easy and simple formula to use is The 70% Rule to help House Sellers determine the maximum price they can pay for a Fix-and-Sale Property in order to turn a profit. The Rule is simply a way to determine a ballpark Estimate how much you should pay for the property. The Rule States that a Fix-and Sale Investor should pay 70% of the After Repair Value (ARV) for a property, minus the cost of necessary repairs; improvements, closing cost; These costs could include Agent Commissions (if applicable) to Closing Costs, Title Inspections and any Hard Money Fees. The profit is what is left after all of the costs have been subtracted.
The 70% Rule is a A Tool To Help Prevent Overpaying For An Investment Property.
As an Investor the last thing you want to do is Pay Too Much for the property and 70% Rule can help you not do that-------Pay Too Much.
Example of The 70% Rule Estimate
$170,000 property ARV. If the property is in need of $40,000 in repairs, the 70% rule suggests that the maximum price an investor should pay would be $79,000. Please remember you could pay more or less depending on how fast the seller needs to sale.
Here’s the math:
Necessary Adjustment For The 70% Rule
Some property buying location will require you to Decrease the 70% to 65% or Increase it to 75% from 70% because of the quality of the area you are buying in. In other words, some areas will allow you to increase The 70% Rule To 75% and some will not. For this reason you must be willing to be flexible and not get greedy.
We also help Buyers get Proof of Funds Letter, if needed - $115k to $1 Million. Copy & Paste the link below for more details: