8949 Ashton Road, Jonesboro, GA 30238

  • 3 bedrooms / 1 bath
  • Built in 1971
  • 1,050 square feet
  • Detached Single Family Residential
  • Exit Strategy – Buy, Fix, and Hold

Fletcher & Company Investments, LLC sold this property to a client of ours for a cash price of $39,000. The property only needed some cosmetic repairs/updates. The buyer reported an expense of $13,000 to update the property with new floor covering, interior and exterior paint, and some miscellaneous repairs. Once the updates/repairs were finished the buyer immediately rented the property for $875 per month. The buyer has an all-in cost of approximately $52,000. The buyer has reported the expenses for the property to be approximately 25% of gross income (or $2,625), therefore our client is receiving a 15.2% ROI annually on this property that we sold them. Below are the before and after photos.

Before
After

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