3 Bedroom, 2 Bathroom Bungalow

1695 WEE KIRK ROAD, ATLANTA, DEKALB, GEORGIA, 30316

DeKalb County is the most urban county, with a portion of the city of Atlanta falling into it. It has a definite international flair, and is the most ethnically and culturally diverse county in the metro area. DeKalb County is a centre of higher education in Atlanta. Georgia Perimeter College (formerly DeKalb College) has three campuses within the county and is one of the largest colleges in the state. DeKalb Tech is the largest vocational technical institute in Georgia and offers a wide range of degrees. DeKalb is also home to a number of prestigious private schools, including nationally-known Emory University and Agnes Scott College, a private, undergraduate school for women.

 

1695 Wee Kirk-  PropertyPurchaseCosts

$

£*

TotalPurchasePrice(IncRenovation&Occupancy)

56,000.00

35,526.23

 

Closing Costs (Legal Completion)

Approx $800.00

508.39

Total Property Purchase Costs

56,800.00

36,033.756

Simon Miller Property Sourcing/Admin Fee

 

1,500.00

Total Purchase Costs (inc fees)

 

37,533.75

 

 

 

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

57,250.00

36,381.55

 

On-Going Income vs Expenses

$

£*

RentalReturn (Year)

Ongoing Buildings Insurance

Bank Transfer Charges (Per Year)***

Rental Management Fee

Property Tax (Per Year)****

9,900.00

(450.00)

(40.00)

(600.00)

(944.00)

6,280.53

(285.48)

(25.42)

(381.29)

(599.90)

 

Annual Cash Profit

7,866.00

4,990.17*

Return Net

13.84%

13.84%

Gross Yield

17.42%

17.42%

* 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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