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

1105 Regency Center Drive Sw Atlanta, GA 30331

4 Beds 3 Baths 2,775 sqft Built 1995

$380,000

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

December 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $136.94
  • 7 Days on Market
  • MLS # : 6819222
  • Updated Date : 12/16/2020 at 08:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,775 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautiful traditional home in established Regency Park community. Enter the stately 3-sided brick home into soaring 2-story foyer flanked by spacious formal dining and living rooms. Hardwood floors guide you to large keeping room off kitchen with gas starter fireplace. Kitchen is a blank pallet waiting for your personal touches with white cabinets, counters, and appliances. Brand new neutral carpet, padding, and paint throughout the entire home and garage. Second floor includes 4 large bedrooms (ic owner's suite).

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: Midwest Cascade

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Midwest Cascade

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9732131

* 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
Richard Nathaniel Fickett Elementary School Primary Regular 536 42 2
Ralph Johnson Bunche Middle School Middle Regular 771 51 2
Daniel M. Therrell High School High Regular 3

Richard Nathaniel Fickett Elementary School

  • Education Level: Primary
  • # of students: 536
  • # of teachers: 42
2
GreatSchools Rating

Ralph Johnson Bunche Middle School

  • Education Level: Middle
  • # of students: 771
  • # of teachers: 51
2
GreatSchools Rating

Daniel M. Therrell High School

  • Education Level: High
  • # of students:
  • # of teachers:
3
GreatSchools Rating
 

$342,000$418,000$380,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,402
Property Tax -$441
Property Insurance -$81
HOA -$75
Property Management Fees -$119
CASH FLOW
$193

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.

$380,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.7%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$39,303

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,081

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,899
1$1,8992$2,2003$2,310
$2,310
RENT COMPS ANALYSIS
  • 1105 Regency Center Drive Sw Atlanta, GA 3
    • 4 beds 3 baths ∙ 2,775 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,775 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $0.83
    •  
  • 5209 Sw Lakerock Drive Atlanta, GA 1
    • 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2004
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.68
    •  
  • 5015 Cascade Hills Circle Sw Atlanta, GA 2
    • 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 2001
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
PROPERTY LISTING DETAILS
Leah Robinson Christian
1.313.995.6990
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6819222
Last Updated: 12/16/2020
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.

BESbswy