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105 Wessex Court Tyrone, GA 30290

5 Beds 3 Baths 2,834 sqft Built 2000

$385,500

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $136.03
  • 11 Days on Market
  • MLS # : 6829190
  • Updated Date : 01/19/2021 at 08:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,834 sqft
  • Baths : 3 full
Listing Agent's Description

3 sided brick home in Fayette county is located within The Estates at South Hampton subdivision. This John Weiland community includes swim and tennis facilities. The home located on the corner lot of a cul-de-sac boasts 5 bedrooms, 3 bathrooms w/attached 2 car garage with kitchen entry. Foyer entrance with separate living and dining room. Family room w/fireplace, built in bookshelves, high ceilings. Windows look out to the back yard and patio area. Guest bedroom/office located on the main w/full bathroom. 2nd floor includes 4 bedrooms and 2 additional full baths.

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

Zip Code: 30290

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Zip Code: 30290

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9732223

* 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
Crabapple Lane Elementary School Primary Regular 656 41 8
Flat Rock Middle School Middle Regular 773 50 8
Sandy Creek High School High Regular 1,192 79 7

Crabapple Lane Elementary School

  • Education Level: Primary
  • # of students: 656
  • # of teachers: 41
8
GreatSchools Rating

Flat Rock Middle School

  • Education Level: Middle
  • # of students: 773
  • # of teachers: 50
8
GreatSchools Rating

Sandy Creek High School

  • Education Level: High
  • # of students: 1,192
  • # of teachers: 79
7
GreatSchools Rating
 

$346,950$424,050$385,500

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$1,339
Property Tax -$368
Property Insurance -$82
HOA -$48
Property Management Fees -$119
CASH FLOW
$674

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.

$385,500

PROJECTED PRICE

$2,630

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,908

INVESTMENT

$107,908

Down Payment
$96,375
Rehab Estimate
$5,750
Closing Costs
$5,783

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,339

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,375
Loan Amount $289,125
See What Happens When You Reinvest Cash Flow

13.25

YEARS SAVED

$82,014

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $3,372

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$2,630
1$2,6302$3,475
$3,475
RENT COMPS ANALYSIS
  • 105 Wessex Court Tyrone, GA 1
    • 5 beds 3 baths ∙ 2,834 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,834 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $0.93
    •  
  • 115 Sutton Court Tyrone, GA 2
    • 5 beds 4 baths ∙ 2,916 Sqft ∙ Built 1999 5 beds 4 baths ∙ 2,916 Sqft ∙ Built 1999
    LEASED 12/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,475
    • $1.19
    •  
PROPERTY LISTING DETAILS
Tikara Berry
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6829190
Last Updated: 01/19/2021
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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