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101 Moss Pointe Drive Mcdonough, GA 30253

4 Beds 3 Baths 2,103 sqft Built 2003

$250,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $118.88
  • 4 Days on Market
  • MLS # : 6844313
  • Updated Date : 02/26/2021 at 12:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,103 sqft
  • Baths : 3 full
Listing Agent's Description

This beautiful ranch style home is perfect! Well-maintained home includes 4 bedrooms 3 baths, all on main level. You are first greeted by the entry foyer that opens to the main living areas including a bonus space & features high ceilings all throughout! Great living room features your cozy fireplace & hardwood floors all throughout. Stunning kitchen includes your own breakfast bar with separate dining room. Great amount of space inside & even greater amount outdoors! House is located on corner lot. Backyard includes great size deck. Located in Moss Pointe community.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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 has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 2018)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Moss Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $103k222k

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

Neighborhood: Moss Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9731645

* 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
Hickory Flat Elementary School Primary Regular 697 45 5
Union Grove Middle School Middle Regular 1,008 57 8
Union Grove High School High Regular 1,574 97 8

Hickory Flat Elementary School

  • Education Level: Primary
  • # of students: 697
  • # of teachers: 45
5
GreatSchools Rating

Union Grove Middle School

  • Education Level: Middle
  • # of students: 1,008
  • # of teachers: 57
8
GreatSchools Rating

Union Grove High School

  • Education Level: High
  • # of students: 1,574
  • # of teachers: 97
8
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$868
Property Tax -$298
Property Insurance -$68
HOA -$13
Property Management Fees -$119
CASH FLOW
$254

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.

$250,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$31,831

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,656

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,620
1$1,6202$1,6853$1,7684$1,7755$1,800
$1,800
RENT COMPS ANALYSIS
  • 101 Moss Pointe Drive Mcdonough, GA 1
    • 4 beds 3 baths ∙ 2,103 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,103 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.77
    •  
  • 1146 Chateau Terrace Mcdonough, GA 2
    • 4 beds 3 baths ∙ 2,242 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,242 Sqft ∙ Built 1999
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.75
    •  
  • 303 Summit View Drive Mcdonough, GA 3
    • 4 beds 3 baths ∙ 2,233 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,233 Sqft ∙ Built 2006
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,768
    • $0.79
    •  
  • 1145 Paramount Drive Mcdonough, GA 4
    • 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 2014
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.80
    •  
  • 1012 Peaks Point Mcdonough, GA 5
    • 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2014
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.81
    •  
PROPERTY LISTING DETAILS
Jamul Tushar
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6844313
Last Updated: 02/26/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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