FAT Deal

Heritage Apartments — Atlanta

540 Heritage Dr, Atlanta, GA

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12 bd 12 ba 9,600 sf

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Location

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540 Heritage Dr, Atlanta, GA

540 Heritage Dr, Atlanta, GA

Analyze

Investment Snapshot

Asking

$3,450,000

Est. ARV

$4,200,000

Rehab

$380,000

Est. Profit

$540,000

Est. ROI

15.7%

Deal Verdict

Marginal Deal

• Moderate ROI of 15.7% — meets the minimum 15% threshold for a viable flip.

• Profit margin of 12.9% is workable but leaves little room for cost overruns.

• Verify rehab estimates carefully — thin margins can erode quickly with unexpected repairs.

Asking Price: $3,450,000

The current listed purchase price. This is what you pay to acquire the property before any renovation work begins.

Est. ARV (After-Repair Value): $4,200,000

The projected market value of the property once all renovations are complete. Based on comparable sales of similar renovated properties in the area.

Rehab Budget: $380,000

The estimated cost to renovate the property to a standard that achieves the ARV. Includes materials, labor, permits, and contractor overhead.

Est. Profit: $540,000

The projected net profit after subtracting the asking price, rehab budget, holding costs, and selling costs from the ARV. This is your estimated take-home after a successful flip.

How Est. Profit Was Calculated

After-Repair Value (ARV)+ $4,200,000
Asking Price− $3,450,000
Rehab Budget− $380,000
Est. Profit= $540,000

How Est. ROI Was Calculated

Est. Profit$540,000
Total Investment (Asking + Rehab)÷ $3,830,000
× 100× 100
Est. ROI= 15.7%

These are estimates based on comparable sales and market data. Actual costs and returns vary based on scope of work, market conditions, financing terms, and timeline. Always verify with a licensed contractor and real estate professional before investing.

Condition: Value-add, 12 units, rents below market
Motivation: Motivated — flexible on terms
value-add12 unitsbelow market rents
Suggested Max Offer

$2,560,000

Based on the 70% rule: ARV × 70% − Rehab ($4,200,000 × 0.70 − $380,000). This is the most you should pay to keep the flip profitable. The offer form opens pre-filled with this amount.

$890,000 below asking — negotiate down to protect your margin.

A guideline, not a guarantee. Adjust for financing, holding and closing costs before submitting.

Disclaimer: FAT connects buyers, sellers and investors. Offers and LOIs are expressions of interest — not binding contracts. Verify all property details, title and financials with qualified professionals before transacting.