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106 Bridgewater Drive Canton, GA 30115

3 Beds 2 Baths 1,509 sqft Built 2000

$300,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $198.81
  • 3 Days on Market
  • MLS # : 6831647
  • Updated Date : 01/23/2021 at 10:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,509 sqft
  • Baths : 2 full
Listing Agent's Description

Well maintained RANCH home on over half an acre with 3 bedrooms and 2 full bathrooms located in highly sought after Creekview school district! Hardwood floors located throughout most of the home including the master bedroom. Beautifully upgraded kitchen with granite counter tops, tile backsplash and stainless steel appliances! HVAC was replaced in 2019 and the Water Heater was new in 2018. Large backyard includes a 12 x 20 storage building!

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

Neighborhood: Bridgewater

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Bridgewater

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Avery Elementary School Primary Regular 1,052 57 8
Creekland Middle School Middle Regular 1,399 80 7
Creekview High School High Regular 1,828 98 8

Avery Elementary School

  • Education Level: Primary
  • # of students: 1,052
  • # of teachers: 57
8
GreatSchools Rating

Creekland Middle School

  • Education Level: Middle
  • # of students: 1,399
  • # of teachers: 80
7
GreatSchools Rating

Creekview High School

  • Education Level: High
  • # of students: 1,828
  • # of teachers: 98
8
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,042
Property Tax -$245
Property Insurance -$56
HOA -$2
Property Management Fees -$119
CASH FLOW
$46

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.

$300,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$19,171

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,338

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,349
1$1,3492$1,5103$1,6204$1,650
$1,650
RENT COMPS ANALYSIS
  • 106 Bridgewater Drive Canton, GA 2
    • 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $1.00
    •  
  • 3759 Cherokee Overlook Drive Canton, GA 1
    • 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 1997
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.76
    •  
  • 610 Royal Crest Court Canton, GA 3
    • 4 beds 3 baths ∙ 1,725 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,725 Sqft ∙ Built 2018
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.94
    •  
  • 609 Royal Crest Court Canton, GA 4
    • 4 beds 3 baths ∙ 1,711 Sqft ∙ Built 2017 4 beds 3 baths ∙ 1,711 Sqft ∙ Built 2017
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
PROPERTY LISTING DETAILS
Otp Realty Partners
1.404.545.5288
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6831647
Last Updated: 01/23/2021
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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