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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $207.47
- 3 Days on Market
- MLS # : 6820131
- Updated Date : 12/19/2020 at 15:40
CONSTRUCTION
- Beds : 3
- Floor Size : 1,928 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Here’s your chance to live in beautiful Mountain Park! House includes 9 lots which total over an acre of combined land! Nestled among the trees on a private lot. Hardwood floors throughout this ranch with a basement. Bright cozy family room with stacked stone gas fireplace and views to the kitchen. Kitchen has space for a large table, gas fireplace, granite counters, island and plenty of storage and counter space.
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Neighborhood: Mountain Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mountain Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,010 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$409 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$59
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$400,000
PROJECTED PRICE
$2,010
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.18% |
| Appreciation Year (1-5) | 5.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.74% |
| 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
$111,750
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $100,000 |
| Loan Amount | $300,000 |
4.25
YEARS SAVED
$18,980
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,010
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$1,730
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
105 Mulberry Street Roswell, GA 5
- 3 beds 3 baths ∙ 1,928 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,928 Sqft ∙ Built 1998
![property image]()
- Rent
- Rent Per SQFT
- $2,010
- $1.04
-
805 W Bramble Oak Drive Woodstock, GA 1
- 4 beds 2 baths ∙ 2,072 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,072 Sqft ∙ Built 1979
![property image]()
LEASED 01/10/20- Rent
- Rent Per SQFT
- $1,600
- $0.77
-
243 Colony Center Drive Woodstock, GA 2
- 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 1996
![property image]()
LEASED 05/11/20- Rent
- Rent Per SQFT
- $1,650
- $0.94
-
100 Wiley Hills Trail Woodstock, GA 3
- 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2003
![property image]()
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,750
- $0.95
-
207 Colony Center Drive Woodstock, GA 4
- 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 1996
![property image]()
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,950
- $0.93
PROPERTY LISTING DETAILS
1.678.642.6204
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6820131
Last Updated: 12/19/2020
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.
