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10543 Thrasher Road Jonesboro, GA 30238

4 Beds 2 Baths 1,624 sqft Built 1965

$190,000

List Price

$1,130

$1K - $1.2K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $117.00
  • 6 Days on Market
  • MLS # : 6806938
  • Updated Date : 11/11/2020 at 08:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,624 sqft
  • Baths : 2 full
Listing Agent's Description

This 4 side brick ranch has been completely remodeled. Brand new hardwoods throughout all living space and bedrooms. New Kitchen with granite countertops and all new appliances. New bathrooms. Freshly painted exterior and interior. New roof and gutters. You will not be disappointed in the quality of construction! Great location for easy access to US-19, Kroger, and much more.

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)
  • #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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Bonanza

NeighborhoodNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $75k209k

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

Neighborhood: Bonanza

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7591509

* 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
Kemp Elementary School Primary Regular 670 38 5
Lovejoy Middle School Middle Regular 632 39 3
Lovejoy High School High Regular 1,992 96 3

Kemp Elementary School

  • Education Level: Primary
  • # of students: 670
  • # of teachers: 38
5
GreatSchools Rating

Lovejoy Middle School

  • Education Level: Middle
  • # of students: 632
  • # of teachers: 39
3
GreatSchools Rating

Lovejoy High School

  • Education Level: High
  • # of students: 1,992
  • # of teachers: 96
3
GreatSchools Rating
 

$171,000$209,000$190,000

PURCHASE PRICE

$1,017$1,243$1,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,130
EXPENSES Loan Payment -$701
Property Tax -$207
Property Insurance -$59
Property Management Fees -$119
CASH FLOW
$45

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.

$190,000

PROJECTED PRICE

$1,130

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,100

INVESTMENT

$56,100

Down Payment
$47,500
Rehab Estimate
$5,750
Closing Costs
$2,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$701

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,500
Loan Amount $142,500
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$10,021

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,130

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,145

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,130
1$1,1302$1,2933$1,365
$1,365
RENT COMPS ANALYSIS
  • 10543 Thrasher Road Jonesboro, GA 1
    • 4 beds 2 baths ∙ 1,624 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,624 Sqft ∙ Built 1965
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,130
    • $0.70
    •  
  • 1657 Flicker Road Jonesboro, GA 2
    • 3 beds 3 baths ∙ 1,932 Sqft ∙ Built 1967 3 beds 3 baths ∙ 1,932 Sqft ∙ Built 1967
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,293
    • $0.67
    •  
  • 10549 Thrasher Road Jonesboro, GA 3
    • 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 1965 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 1965
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,365
    • $0.74
    •  
PROPERTY LISTING DETAILS
Jason Korrey
1.517.819.0838
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6806938
Last Updated: 11/11/2020
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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