4 Bedroom, 2 Bathroom House

6280 KIMBERLY MILL LN, ATLANTA, FULTON, GEORGIA, 30349

Fulton Countycan be divided into three regions, North, South and Central; Central Fulton County is basically the City of Atlanta with a population of 425,200. Atlanta is a mixture of gleaming skyscrapers, historic communities and pulsing nightlife. Downtown Atlanta is the heart of the business district, with companies such as SunTrust, CNN and BellSouth calling it home. An 11-block portion of downtown is occupied by The Peachtree Centre, a mix of office towers, restaurants and hotels.

 

Midtown is known for its unique residential communities and its cultural arts scene. The Woodruff Arts Centre houses the Atlanta Symphony, the Alliance and Studio Theatres and the High Museum of Art. Continuing north you will discover Buckhead, a mecca of elegant Southern homes which includes the Georgia Governor’s Mansion, exclusive shopping with around 1,400 retail outlets, thriving commercial developments and many hotels.

 

6280 Kimberly Mill Ln-  PropertyPurchaseCosts	$	£*
TotalPurchasePrice(IncRenovation&Occupancy)	64,000.00	41,835.53
Closing Costs (Legal Completion)	Approx $800.00	522.94
Total Property Purchase Costs	64,800.00	42,358.47
Simon Miller Property Sourcing/Admin Fee		1,500.00
Total Purchase Costs (inc fees)		43,858.47
First Year Additional Set Up Costs	$	£*
Set up ITIN Number & First Year Accounts***		Approx £320 inc VAT
1stYear Buildings Insurance	450.00	294.16
Total 1stYear Costs	65,250.00	44,472.63

 

On-Going Income vs Expenses	$	£*
RentalReturn (Year) Ongoing Buildings Insurance Bank Transfer Charges (Per Year)*** Rental Management Fee Property Tax (Per Year)****	11,100.00 (450.00) (40.00) (600.00) (1,459.00)	7,255.85  (294.16) (26.15) (392.21) (953.72)

 

Annual Cash Profit	8,551.00	5,589.61*
Return Net	13.2%	13.2%
Gross Yield	17.1%	17.1%

* Correct with Dollar to Pound exchange rate on date of calculation

** 21 day completion not guaranteed. Subject to transfer of funds, exchange and completion.

***PLEASE NOTE: You will be required to have an ITIN number in order to comply with USA Tax Law. We advise that a qualified accountant will put this in place. The above fees are approximate. This can take up to 3 months to set up, your first 3 months rent payment will be transferred at this point. We recommend quarterly rent payments due to the bank charges of $10 per transfer.

**** Final purchase price in sterling may be subject to change, dependant on dollar exchange rate at time of purchase and settlement of City and local taxes.