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105 Brookwood Estates Trail Stockbridge, GA 30281

3 Beds 3 Baths 2,032 sqft Built 1989

$219,900

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1989
  • Price/Sqft : $108.22
  • 13 Days on Market
  • MLS # : 6796514
  • Updated Date : 10/27/2020 at 11:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,032 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Move in ready home in desirable Stockbridge Location | fresh paint | new flooring | new lighting/fans | two car garage | spacious backyard with a treehouse for the kids to enjoy. Hurry this home won’t last ACT FAST!

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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).
  • #1 World’s Busiest Airport(Airports Council International, 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: Brookwood Estates

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Neighborhood: Brookwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171509

* 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
Cotton Indian Elementary School Primary Regular 686 45 3
Stockbridge Middle School Middle Regular 652 38 4
Stockbridge High School High Regular 1,442 84 5

Cotton Indian Elementary School

  • Education Level: Primary
  • # of students: 686
  • # of teachers: 45
3
GreatSchools Rating

Stockbridge Middle School

  • Education Level: Middle
  • # of students: 652
  • # of teachers: 38
4
GreatSchools Rating

Stockbridge High School

  • Education Level: High
  • # of students: 1,442
  • # of teachers: 84
5
GreatSchools Rating
 

$197,910$241,890$219,900

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$811
Property Tax -$253
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
$250

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.

$219,900

PROJECTED PRICE

$1,500

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

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$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$811

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$30,793

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,494

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,171
1$1,1712$1,5003$1,525
$1,525
RENT COMPS ANALYSIS
  • 105 Brookwood Estates Trail Stockbridge, GA 2
    • 3 beds 3 baths ∙ 2,032 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,032 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.74
    •  
  • 210 Chimney Ridge Trail Stockbridge, GA 1
    • 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 1976
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,171
    • $0.63
    •  
  • 120 Windsong Court Stockbridge, GA 3
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1983
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.84
    •  
PROPERTY LISTING DETAILS
Alide Habib
1.469.600.0397
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6796514
Last Updated: 10/27/2020
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. © 2017 First Multiple Listing Service, Inc.

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