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PROPERTY INFO
FACTS
- Single Family
- Built In 1970
- Price/Sqft : $195.24
- 5 Days on Market
- MLS # : 6840985
- Updated Date : 02/18/2021 at 08:41
CONSTRUCTION
- Beds : 2
- Floor Size : 1,050 sqft
- Baths : 2 full
Listing Agent's Description
Perfectly situated in West Buckhead/Upper West Midtown area top-floor condo with a pool and fitness center in a gated community! Fresh paint and new carpet in the bedrooms and REAL hardwoods throughout the living areas. 2 bedrooms and 2 full bathrooms with walk-in closets, dedicated dining space in the kitchen with french doors to an amazing deck/patio off the back overlooking the courtyard. Owner's suite with attached bathroom. Large kitchen with granite counters, white cabinets, and stainless appliances. Plenty of greenspace onsite for dog walking. When you come to
SEE MORE
- 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)
- As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 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)
- 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)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- #1 Moving Destination in the Nation (Penske, 2018)
PRICE & RENT TRENDS
Neighborhood: Underwood Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Underwood Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,580 |
| EXPENSES | Loan Payment | -$712 |
| Property Tax | -$276 | |
| Property Insurance | -$48 | |
| HOA | -$393 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$33
|
||
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.
$205,000
PROJECTED PRICE
$1,580
PROJECTED RENT
0.77%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 5.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$60,075
LOAN DETAILS
$712
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $51,250 |
| Loan Amount | $153,750 |
3.67
YEARS SAVED
$6,979
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,580
LIST RENT -
$1.5
LIST RENT PER SQFT
-
$1,561
COMP ESTIMATED VALUE -
$1.49
COMP AVG. RENT PER SQFT
Comps Range
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1101 Collier Road Nw Atlanta, GA 2
- 2 beds 2 baths ∙ 1,050 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,050 Sqft ∙ Built 1970
![property image]()
- Rent
- Rent Per SQFT
- $1,580
- $1.50
-
1631 Carroll Drive Nw Atlanta, GA 1
- 2 beds 1 baths ∙ 884 Sqft ∙ Built 1950 2 beds 1 baths ∙ 884 Sqft ∙ Built 1950
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LEASED 10/27/20- Rent
- Rent Per SQFT
- $1,300
- $1.47
-
2550 Defoors Ferry Road Nw Atlanta, GA 3
- 2 beds 1 baths ∙ 1,150 Sqft ∙ Built 1958 2 beds 1 baths ∙ 1,150 Sqft ∙ Built 1958
![property image]()
LEASED 08/22/19- Rent
- Rent Per SQFT
- $1,750
- $1.52
-
121 Elysian Way Nw Atlanta, GA 4
- 2 beds 3 baths ∙ 1,288 Sqft ∙ Built 1968 2 beds 3 baths ∙ 1,288 Sqft ∙ Built 1968
![property image]()
LEASED 08/28/19- Rent
- Rent Per SQFT
- $1,895
- $1.47
PROPERTY LISTING DETAILS
1.404.271.3491
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6840985
Last Updated: 02/18/2021
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.
