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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $118.08
- 3 Days on Market
- MLS # : 6842808
- Updated Date : 02/20/2021 at 08:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,964 sqft
- Baths : 3 full
Listing Agent's Description
New exterior paint, new carpet, new carriage style garage door. Beautiful well-maintained move-in ready home in the highly sought after Bridgemill neighborhood, a Swim/Tennis/Golf Community. Freshly painted kitchen cabinets, stainless appliances, granite counters and eat in kitchen, Fantastic open floor plan with 2-story great room and separate dining room Large master suite with private on-suite bath that features double vanities a separate tub & shower and a walk in closet. All secondary bedrooms have plenty of space & storage. Unfinished basement is the perfect blank
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Bridgemill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bridgemill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,020 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$285 | |
| Property Insurance | -$84 | |
| HOA | -$15 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$301
|
||
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.
$350,000
PROJECTED PRICE
$2,020
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 6.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| 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
$98,500
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
9.42
YEARS SAVED
$46,056
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,020
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$2,045
COMP ESTIMATED VALUE -
$0.69
COMP AVG. RENT PER SQFT
Comps Range
-
1020 Bridgemill Avenue Canton, GA 4
- 4 beds 3 baths ∙ 2,964 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,964 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $2,020
- $0.68
-
620 Redwood Lane Canton, GA 1
- 4 beds 3 baths ∙ 3,002 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,002 Sqft ∙ Built 1999
LEASED 02/17/20- Rent
- Rent Per SQFT
- $1,850
- $0.62
-
101 Windsong Trail Canton, GA 2
- 5 beds 4 baths ∙ 2,724 Sqft ∙ Built 2000 5 beds 4 baths ∙ 2,724 Sqft ∙ Built 2000
LEASED 01/24/20- Rent
- Rent Per SQFT
- $1,900
- $0.70
-
124 Chickory Lane Canton, GA 3
- 4 beds 3 baths ∙ 2,683 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,683 Sqft ∙ Built 2000
LEASED 01/15/20- Rent
- Rent Per SQFT
- $2,000
- $0.75
PROPERTY LISTING DETAILS
1.404.476.8171
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6842808
Last Updated: 02/20/2021
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.
