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1007 Chateau Lane Se 
Smyrna, GA
30082
3 Beds 2 Baths 1,624 sqft
Built 1992
INVESTimate
$250,000
List Price
$72,000
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PROPERTY INFO
FACTS
- Built In 1992
- Price/Sqft : $153.94
- 1 Days on Market
- MLS # : 6771910
- Updated Date : 08/26/2020 at 03:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,624 sqft
- Baths : 2 full
Listing Agent's Description
Quiet neighborhood nestled in Smyrna! Desirable ranch style home with split bedroom floor plan. Great room features high vaulted ceilings and fireplace with gas logs. Kitchen offers lots of counter space and breakfast area. Huge master suite includes trey ceiling, walk in closet, double sink vanity, and garden tub with separate shower. Fenced in backyard and patio will be perfect for outdoor entertaining! Home Sold AS-IS
SEE MORE
- #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
Neighborhood: Chateau Walk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chateau Walk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$253 | |
| Property Insurance | -$59 | |
| HOA | -$50 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$158
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.
$250,000
PROJECTED PRICE
$1,560
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 6.31% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$72,000
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
6.33
YEARS SAVED
$21,045
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,592
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
1007 Chateau Lane Se Smyrna, 3
- 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1992
- Rent
- Rent Per SQFT
- $1,560
- $0.96
-
2885 Lakemont Place Sw Marietta, 1
- 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1974
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,395
- $0.98
-
33 Alston Lane Sw Marietta, 2
- 3 beds 3 baths ∙ 1,616 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,616 Sqft ∙ Built 1995
LEASED 11/05/19- Rent
- Rent Per SQFT
- $1,500
- $0.93
-
3022 Landmark Drive Sw Marietta, 4
- 4 beds 2 baths ∙ 1,654 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,654 Sqft ∙ Built 1981
LEASED 03/08/19- Rent
- Rent Per SQFT
- $1,600
- $0.97
-
25 Alston Lane Sw Marietta, 5
- 3 beds 3 baths ∙ 1,626 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,626 Sqft ∙ Built 1996
LEASED 05/27/20- Rent
- Rent Per SQFT
- $1,695
- $1.04
PROPERTY LISTING DETAILS
1.678.557.3258
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6771910
Last Updated: 08/26/2020
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.
