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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $203.20
- 3 Days on Market
- MLS # : 6842824
- Updated Date : 02/20/2021 at 08:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,624 sqft
- Baths : 2 full
Listing Agent's Description
The home features beautiful porcelain countertops with a matching porcelain fireplace, two car garage, all updated light fixtures, 3 bed 2 bath, stainless steel appliances, oversized picture window in dining room, French doors leading to a screened covered patio, laundry room, beautiful 14ft ceilings in the great room, 12ft ceilings in the master bedroom which features a luxurious master bath that has a tub and large beautifully tiled separate stand-up shower
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: Carey Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Carey Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$1,146 |
| Property Tax | -$400 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$74
|
||
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.
$330,000
PROJECTED PRICE
$1,650
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 1.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.60% |
| 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
$93,200
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
2.42
YEARS SAVED
$5,387
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$2,014
COMP ESTIMATED VALUE -
$1.24
COMP AVG. RENT PER SQFT
Comps Range
-
1116 5th Street Nw Atlanta, GA 2
- 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $1,650
- $1.02
-
1000 Hightower Road Nw Atlanta, GA 1
- 3 beds 3 baths ∙ 1,320 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,320 Sqft ∙ Built 2007
LEASED 05/19/20- Rent
- Rent Per SQFT
- $1,450
- $1.10
-
2427 Brantley Street Nw Atlanta, GA 3
- 3 beds 2 baths ∙ 1,445 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,445 Sqft ∙ Built 2002
LEASED 05/12/20- Rent
- Rent Per SQFT
- $1,750
- $1.21
-
1141 2nd Street Nw Atlanta, GA 4
- 4 beds 2 baths ∙ 1,323 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,323 Sqft ∙ Built 2005
LEASED 12/18/20- Rent
- Rent Per SQFT
- $1,900
- $1.44
-
120 Johnson Road Nw Atlanta, GA 5
- 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 2003
LEASED 12/30/20- Rent
- Rent Per SQFT
- $1,900
- $1.21
PROPERTY LISTING DETAILS
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6842824
Last Updated: 02/20/2021
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.
