Global Investments Incorporated are proud to announce the launch of Monterey Townhomes in Atlanta Georgia. Monterey Townhomes is made up of 46 townhouses all of which were refurbished in 2016 and all of which are tenanted. The refurbishment included repainting, new flooring, new roof, laminate wood in living room and tile in wet areas, replacement blinds, updated cabinets and bathrooms. This development is ideally located just 16 minutes from Downtown Atlanta and less than 10 minutes from Jackson-Hartsfield International. This development is exclusive to Global Investments Incorporated and is one of the best US developments to be launched this year.
This very large two bedroom town house is located in the south-west part of the development. The property has french double doors leading out on to a private wooden deck, there is also an updated kitchen and bathroom and two very large bedrooms. This property comes tenant occupied, the tenant moved into the property after the refurbishment in 2016 and pays $675 a month, the rent is subject to a $75 monthly increase starting in January 2018.The whole development is under management by one of the largest and leading management companies in Atlanta Georgia.
Purchase price: $59,500
Gross annual rental income: $8,100
Property running costs: $3,860
(Tax, insurance and management costs)
Net annual rental income: $4,240
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 8%