8204 Canyon Forge, Riverdale, GA 30274

Fletcher & Company Investments, LLC sold this property to a client of ours for a cash price of $29,000. The property only needed some cosmetic repairs/updates. The buyer client reported an expense of $11,300 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 $825 per month. The buyer has an all-in cost of approximately $40,300. The buyer has reported the expenses for the property to be approximately 25% of gross income (or $2,475), therefore our client is receiving an 18.4% ROI annually on this property that we sold them. Below are the before and after photos.

Before

After

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