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1088 Travis Street Sw Marietta, GA 30060

3 Beds 2 Baths 1,200 sqft Built 1987

$235,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $195.83
  • 1 Days on Market
  • MLS # : 6820616
  • Updated Date : 12/20/2020 at 00:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,200 sqft
  • Baths : 2 full
Listing Agent's Description

PRICE TO SELL!! FRESH INTERIOR AND EXTERIOR PAINT!! NEW ROOF+GUTTERS! LONG PRIVATE DRIVEWAY!! FLOORING WILL BE STAINED AND POLISHED PRIOR TO CLOSING.. YOU DO NOT WANT TO MISS THIS DEAL, WILL NOT LAST LONG!

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)
  • 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: Milford

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $77k282k

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

Neighborhood: Milford

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8171868

* 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
Birney Elementary School Primary Regular 760 62 3
Floyd Middle School Middle Regular 935 54 4
Osborne High School High Regular 1,999 123 3

Birney Elementary School

  • Education Level: Primary
  • # of students: 760
  • # of teachers: 62
3
GreatSchools Rating

Floyd Middle School

  • Education Level: Middle
  • # of students: 935
  • # of teachers: 54
4
GreatSchools Rating

Osborne High School

  • Education Level: High
  • # of students: 1,999
  • # of teachers: 123
3
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$867
Property Tax -$372
Property Insurance -$50
Property Management Fees -$119
CASH FLOW
-$49

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.

$235,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.58%

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$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$4,396

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,104

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,169
1$1,1692$1,2003$1,2954$1,3505$1,360
$1,360
RENT COMPS ANALYSIS
  • 1088 Travis Street Sw Marietta, GA 5
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $1.13
    •  
  • 1237 Fairridge Circle Sw Marietta, GA 1
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1981
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,169
    • $0.90
    •  
  • 1406 Angus Trail Sw Marietta, GA 2
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1972
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.93
    •  
  • 1590 Blue Ridge Drive Sw Marietta, GA 3
    • 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2000
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.91
    •  
  • 1814 Killarney Drive Sw Marietta, GA 4
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1990
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.94
    •  
PROPERTY LISTING DETAILS
Mariajensenya Caballero
1.404.661.8371
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6820616
Last Updated: 12/20/2020
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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