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1107 Alpco Court Stone Mountain, GA 30083

3 Beds 2 Baths 1,770 sqft Built 1968

$250,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $141.24
  • 3 Days on Market
  • MLS # : 6833006
  • Updated Date : 01/30/2021 at 22:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,770 sqft
  • Baths : 2 full
Listing Agent's Description

Drum roll please...I present to you 1107 Alpco Court! Cul-de-sac living at its best with a large private backyard. This 3 bedroom, 2 bath ranch home will delight you with touches of original MCM features including the cabinets, wallpaper, bathroom tile and light fixtures. This hidden gem has refinished hardwood floors in all the bedrooms and hallway. The kitchen features very cool, extra clean original cabinets, check out the cabinet pulls! New updates in the kitchen include formica countertops, backsplash, stove, oven and tile floors. Great breakfast area and laundry

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

Zip Code: 30083

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $80k209k

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

Zip Code: 30083

ZipNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171509

* 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
Hambrick Elementary School Primary Regular 672 39 3
Stone Mountain Middle School Middle Regular 918 63 3
Stone Mountain High School High Regular 1,062 68 3

Hambrick Elementary School

  • Education Level: Primary
  • # of students: 672
  • # of teachers: 39
3
GreatSchools Rating

Stone Mountain Middle School

  • Education Level: Middle
  • # of students: 918
  • # of teachers: 63
3
GreatSchools Rating

Stone Mountain High School

  • Education Level: High
  • # of students: 1,062
  • # of teachers: 68
3
GreatSchools Rating
 

$225,000$275,000$250,000

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 -$868
Property Tax -$364
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
-$63

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.

$250,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 9.0%
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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$3,189

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
  • $0.59

    LIST RENT PER SQFT
  • $1,415

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3003$1,3414$1,3605$1,400
$1,400
RENT COMPS ANALYSIS
  • 1107 Alpco Court Stone Mountain, GA 4
    • 3 beds 2 baths ∙ 2,301 Sqft ∙ Built 1968 3 beds 2 baths ∙ 2,301 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.59
    •  
  • 451 Chartley Trail Stone Mountain, GA 1
    • 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1980
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.64
    •  
  • 4276 Rocking Chair Lane Stone Mountain, GA 2
    • 3 beds 2 baths ∙ 2,238 Sqft ∙ Built 1963 3 beds 2 baths ∙ 2,238 Sqft ∙ Built 1963
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.58
    •  
  • 4144 Rockbridge Heights Drive Stone Mountain, GA 3
    • 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 1971
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,341
    • $0.63
    •  
  • 4657 Keighley Drive Stone Mountain, GA 5
    • 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 1977
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.61
    •  
PROPERTY LISTING DETAILS
Robin Preis
1.404.392.1706
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6833006
Last Updated: 01/30/2021
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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