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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $113.17
- 3 Days on Market
- MLS # : 6834123
- Updated Date : 01/30/2021 at 17:10
CONSTRUCTION
- Beds : 4
- Floor Size : 2,430 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Well maintained house located right to the lake in the cul-de-sac lot. 3 side brick with private wood fence back yard. There is hardwood floor in first level and carpet in the second level. Oversize master is on the main level with double vanity, spa bath. and walk-in closet. Eat-in kitchen with island & french doors leading to deck with relaxing lake views. Workshop space and storage in the garage.
SEE MORE
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
- As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
- #1 Most affordable big city (WalletHub, 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)
- Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
- 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)
- #1 World’s Busiest Airport(Airports Council International, 2018)
PRICE & RENT TRENDS
Neighborhood: The Moorings of Wesley Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Moorings of Wesley Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$329 | |
| Property Insurance | -$74 | |
| HOA | -$35 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$48
|
||
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.
$275,000
PROJECTED PRICE
$1,560
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 6.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,625
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
4
YEARS SAVED
$9,639
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 -
$0.64
LIST RENT PER SQFT
-
$1,612
COMP ESTIMATED VALUE -
$0.66
COMP AVG. RENT PER SQFT
Comps Range
-
102 Brandon Court Mcdonough, GA 1
- 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 1992
- Rent
- Rent Per SQFT
- $1,560
- $0.64
-
1045 Ivey Lane Mcdonough, GA 2
- 5 beds 3 baths ∙ 2,517 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,517 Sqft ∙ Built 2004
LEASED 04/17/20- Rent
- Rent Per SQFT
- $1,585
- $0.63
-
112 Emporia Loop Mcdonough, GA 3
- 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2007
LEASED 05/28/20- Rent
- Rent Per SQFT
- $1,625
- $0.69
-
605 Compton Lane Mcdonough, GA 4
- 4 beds 3 baths ∙ 2,497 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,497 Sqft ∙ Built 2001
LEASED 04/24/20- Rent
- Rent Per SQFT
- $1,680
- $0.67
PROPERTY LISTING DETAILS
1.770.912.9684
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6834123
Last Updated: 01/30/2021
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.
