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100 Sheldon Way Fayetteville, GA 30215

3 Beds 3 Baths 1,555 sqft Built 1994

INVESTimate

$230,000

List Price

$1,360

$1,224 - $1,496

Rent Est.

$242,535  ( +5.45%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $147.91
  • 2 Days on Market
  • MLS # : 6771770
  • Updated Date : 08/25/2020 at 16:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,555 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

New Listing Alert! Be the 1st to view Tues. Aug 25th! Come view this lovely 1.5 story home in this sought after school district in Fayetteville. If you're looking for quiet, you've found it here at a great price for the space and location. Sitting on just over an acre of land, you can do what you like with all this property. You can even build another house on it. The roof is only 3 yrs old! New hardwood & new carpet floors inside! Roof only 3 years old! Come get it before it's gone because it won't last long!

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro's economy is worth $403 billion in Gross Metro Product and projected to grow to $426 billion in 2019 (USMayors.org, 2018)
  • Headquarters to twenty-six Fortune 500 companies: The Home Depot, UPS, Delta Air Lines, The Coca-Cola Company, SunTrust Banks, The Southern Company, AGCO, PulteGroup (Fortune, 2018/ Metro Atlanta Chamber)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
  • #1 World’s Busiest Airport(Airports Council International, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 30215

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 30215

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Inman Elementary School Primary Regular 559 36 7
Whitewater Middle School Middle Regular 938 61 9
Whitewater High School High Regular 1,444 81 8

Inman Elementary School

  • Education Level: Primary
  • # of students: 559
  • # of teachers: 36
7
GreatSchools Rating

Whitewater Middle School

  • Education Level: Middle
  • # of students: 938
  • # of teachers: 61
9
GreatSchools Rating

Whitewater High School

  • Education Level: High
  • # of students: 1,444
  • # of teachers: 81
8
GreatSchools Rating
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$849
Property Tax -$199
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
$136

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$230,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.45%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

8

YEARS SAVED

$27,844

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,360

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,374

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,3603$1,3854$1,400
$1,400
RENT COMPS ANALYSIS
  • 100 Sheldon Way Fayetteville, 2
    • 3 beds 3 baths ∙ 1,555 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,555 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.87
    •  
  • 12249 Players Court Fayetteville, 1
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1992
    property image
    LEASED 07/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.93
    •  
  • 12241 Cypress Way Fayetteville, 3
    • 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 1993
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,385
    • $0.86
    •  
  • 12027 Harbour Town Parkway Fayetteville, 4
    • 4 beds 3 baths ∙ 1,624 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,624 Sqft ∙ Built 1995
    property image
    LEASED 05/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.86
    •  
PROPERTY LISTING DETAILS
Rashad L Mclean
1.404.783.1588
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6771770
Last Updated: 08/25/2020
support@investimateroi.com

Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. © 2017 First Multiple Listing Service, Inc.

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