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1020 Crest Ridge Place Sw Marietta, GA 30060

4 Beds 3 Baths 2,315 sqft Built 2001

$256,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $110.58
  • 5 Days on Market
  • MLS # : 6830164
  • Updated Date : 01/21/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,315 sqft
  • Baths : 3 full
Listing Agent's Description

Well built home with lovely landscaping and great curb appeal and lots of room inside. Walk up from the entry to the huge great room with hardwood floors throughout the main level, stunning open concept living room/dining room area. The eat-in kitchen that opens to the deck overlooking the backyard. Master bedroom with a walk-in closet and master bath includes a garden tub and separate shower. Rec room and additional bedroom/full bath in the basement. The extra deep 2 car garage. The Battery/Braves Stadium, The Silver Comet Trail, and more. Easy access to I-75.

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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Crest Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $103k282k

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

Neighborhood: Crest Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9731868

* 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
Birney Elementary School Primary Regular 760 62 3
Smitha Middle School Middle Regular 986 65 5
Osborne High School High Regular 1,999 123 3

Birney Elementary School

  • Education Level: Primary
  • # of students: 760
  • # of teachers: 62
3
GreatSchools Rating

Smitha Middle School

  • Education Level: Middle
  • # of students: 986
  • # of teachers: 65
5
GreatSchools Rating

Osborne High School

  • Education Level: High
  • # of students: 1,999
  • # of teachers: 123
3
GreatSchools Rating
 

$230,400$281,600$256,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$889
Property Tax -$405
Property Insurance -$72
HOA -$45
Property Management Fees -$119
CASH FLOW
$130

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.

$256,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 8.7%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,590

INVESTMENT

$73,590

Down Payment
$64,000
Rehab Estimate
$5,750
Closing Costs
$3,840

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$889

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,000
Loan Amount $192,000
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$17,164

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,771

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6003$1,6604$1,7605$1,800
$1,800
RENT COMPS ANALYSIS
  • 1020 Crest Ridge Place Sw Marietta, GA 3
    • 4 beds 3 baths ∙ 2,315 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,315 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.72
    •  
  • 3093 Crest Ridge Circle Sw Marietta, GA 1
    • 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2003
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.72
    •  
  • 2929 Edgefield Court Sw Marietta, GA 2
    • 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 2002
    property image
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.73
    •  
  • 1321 Fairridge Circle Sw Marietta, GA 4
    • 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 1989
    property image
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.82
    •  
  • 3038 Crest Ridge Circle Sw Marietta, GA 5
    • 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2003
    property image
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.79
    •  
PROPERTY LISTING DETAILS
Richard Samuel
1.770.547.7675
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6830164
Last Updated: 01/21/2021
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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