3 Bedroom, 2 Bathroom Bungalow

3113 CALIENTE LANE, REX, CLAYTON, GEORGIA, 30273

Clayton County is located almost at the geographic centre of Atlanta's Metro South counties and is marked by its variety of people, places, and activities. An explosion of retail, hospitality and service development has seen business boom in an area perfectly situated between the commercial and residential centres in Clayton County and Henry County. Clayton is one of Atlanta's central transportation hubs being served by rail and road networks. Although less than 20 minutes from downtown Atlanta, Clayton County provides many wooded parks, lakes and recreational facilities.

 

3113 Caliente-  PropertyPurchaseCosts

$

£*

TotalPurchasePrice(IncRenovation&Occupancy)

55,000.00

34,951.70

 

Closing Costs (Legal Completion)

Approx $800.00

507.52

Total Property Purchase Costs

55,800.00

35,399.35

Simon Miller Property Sourcing/Admin Fee

 

1,500.00

Total Purchase Costs (inc fees)

 

36,899.35

 

 

 

First Year Additional Set Up Costs

    $

     £*

Set up ITIN Number & First Year Accounts***

 

Approx £320

inc VAT

 

 

1stYear Buildings Insurance

450.00

285.48

Total 1stYear Costs

56,250.00

37,504.83

 

On-Going Income vs Expenses

$

£*

RentalReturn (Year)

Ongoing Buildings Insurance

Bank Transfer Charges (Per Year)***

Rental Management Fee

Property Tax (Per Year)****

9,540.00

(450.00)

(40.00)

(600.00)

(798.00)

6,062.53

 (285.97)

(25.38)

(380.64)

(507.12)

 

Annual Cash Profit

7,652.00

4,854.41*

Return Net

13.71%

13.71%

Gross Yield

17.09%

17.09%

* 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.

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