8191 Kendrick Road
Jonesboro, GA 30238
Clayton County
Price: $49,900 Cash only / No Owner Financing
Must be able to provide POF to move forward
This is an a brick ranch home which was built in 1970. The home has 3 bedrooms with 2 baths and 1100' of living space. Has a very nice updated bathroom and includes all kitchen appliances including a Fridge. The home appears to be very close to rent ready condition. Estimate should be $5k or less to get it back in great condition. Tax value of $40,949 with 2014 property taxes of $687. Home sold back in 2005 for $105k. This one is a much better buy and hold but you will certainly be picking up some nice equity!
Net ROI:
Gross Rents - $800/mth x 12 = $9600
Insurance = $500/yr
Taxes = $687/yr
Prop Mgmt = $64/mth x 12 = $768
Net Rents = $7645/$55k all in = 14% ROI
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