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1021 Moorewood Lane Se Smyrna, GA 30080

3 Beds 4 Baths 2,428 sqft Built 2017

$459,900

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $189.42
  • 3 Days on Market
  • MLS # : 6834324
  • Updated Date : 02/06/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,428 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

3-story craftsman in a new age community. Warm and inviting but still sleek & modern. Kitchen has well-appointed appliances, subway-style backsplash and granite countertops. White cabinets are a great contrast for the coffee hardwoods-NOT VINYL!!! Expansive owner's suite has room for a furnished sitting area or home office. Owner's bath is BRIGHT with a stand-alone tub, double-vanities and walk-in closets with attach to the laundry room! Second level shares a bedroom and full bath. Third story has a second office & classroom area with third bedroom with a full bath.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Smyrna

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $103k285k

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

Neighborhood: Smyrna

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9732842

* 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
Smyrna Elementary School Primary Unknown NA
Campbell Middle School Middle Regular 1,416 77 6
Campbell High School High Regular 2,509 135 5

Smyrna Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Campbell Middle School

  • Education Level: Middle
  • # of students: 1,416
  • # of teachers: 77
6
GreatSchools Rating

Campbell High School

  • Education Level: High
  • # of students: 2,509
  • # of teachers: 135
5
GreatSchools Rating
 

$413,910$505,890$459,900

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$1,597
Property Tax -$413
Property Insurance -$74
HOA -$177
Property Management Fees -$119
CASH FLOW
$360

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.

$459,900

PROJECTED PRICE

$2,740

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.7%
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$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,624

INVESTMENT

$127,624

Down Payment
$114,975
Rehab Estimate
$5,750
Closing Costs
$6,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,597

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,975
Loan Amount $344,925
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$47,937

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,468

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,4503$2,7404$2,900
$2,900
RENT COMPS ANALYSIS
  • 1021 Moorewood Lane Se Smyrna, GA 3
    • 3 beds 4 baths ∙ 2,428 Sqft ∙ Built 2017 3 beds 4 baths ∙ 2,428 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $1.13
    •  
  • 183 Ennisbrook Drive Se Smyrna, GA 1
    • 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 2002
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.93
    •  
  • 2610 Old Roswell Road Smyrna, GA 2
    • 3 beds 3 baths ∙ 2,553 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,553 Sqft ∙ Built 2003
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.96
    •  
  • 1053 Moorewood Lane Se Smyrna, GA 4
    • 4 beds 5 baths ∙ 2,502 Sqft ∙ Built 2018 4 beds 5 baths ∙ 2,502 Sqft ∙ Built 2018
    LEASED 12/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.16
    •  
PROPERTY LISTING DETAILS
Dwayne Rouse
1.404.590.1696
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6834324
Last Updated: 02/06/2021
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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