Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1075 Peachtree Walk Ne #A414 Atlanta, GA 30309

2 Beds 2 Baths 1,119 sqft Built 1996

$295,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $263.63
  • 4 Days on Market
  • MLS # : 6833420
  • Updated Date : 01/29/2021 at 08:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,119 sqft
  • Baths : 2 full
Listing Agent's Description

Breathtaking views in this corner unit filled with so much natural light! Enjoy being in the heart of Midtown with close proximity to dining, Piedmont Park, grocery, highway access and more yet still tucked away on a quiet street! Fresh and modern paint throughout with ceilings smoothed and brightly painted! Beautiful real hardwoods run throughout the entirety of home. Ample storage with master walk-in and double closets in guest plus addition of walk-in laundry/pantry and added coat closets. Master bedroom large enough to fit King-sized bed! Perfect open concept for

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • Atlanta metro's economy is worth $403 billion in Gross Metro Product and projected to grow to $426 billion in 2019 (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).
  • 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 World’s Busiest Airport(Airports Council International, 2018)

PRICE & RENT TRENDS

Neighborhood: Midtown

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Midtown

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9732967

* 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
Springdale Park Elementary School Primary Regular 672 48 8
Samuel Martin Inman Middle School Middle Regular 1,001 69 8
Henry W Grady High School High Regular 1,287 96 6

Springdale Park Elementary School

  • Education Level: Primary
  • # of students: 672
  • # of teachers: 48
8
GreatSchools Rating

Samuel Martin Inman Middle School

  • Education Level: Middle
  • # of students: 1,001
  • # of teachers: 69
8
GreatSchools Rating

Henry W Grady High School

  • Education Level: High
  • # of students: 1,287
  • # of teachers: 96
6
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,025
Property Tax -$342
Property Insurance -$49
HOA -$249
Property Management Fees -$119
CASH FLOW
$77

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.

$295,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.6%
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

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$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$16,484

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $1.66

    LIST RENT PER SQFT
  • $2,238

    COMP ESTIMATED VALUE
  • $2

    COMP AVG. RENT PER SQFT
Comps Range
$1,860
1$1,8602$2,2003$2,250
$2,250
RENT COMPS ANALYSIS
  • 1075 Peachtree Walk Ne Atlanta, GA 1
    • 2 beds 2 baths ∙ 1,119 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,119 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $1.66
    •  
  • 199 14th Street Ne Atlanta, GA 2
    • 2 beds 2 baths ∙ 1,103 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,103 Sqft ∙ Built 1992
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.99
    •  
  • 195 14th Street Atlanta, GA 3
    • 2 beds 2 baths ∙ 1,122 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,122 Sqft ∙ Built 2002
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $2.01
    •  
PROPERTY LISTING DETAILS
Rachel Harpe
1.404.405.0736
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6833420
Last Updated: 01/29/2021
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.

BESbswy