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1118 Crestview Circle Ne Conyers, GA 30012

4 Beds 2 Baths 1,352 sqft Built 1965

$194,900

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $144.16
  • 3 Days on Market
  • MLS # : 6830384
  • Updated Date : 01/23/2021 at 08:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,352 sqft
  • Baths : 2 full
Listing Agent's Description

Lovely fully renovated 4bd/2ba brick ranch loaded with thoughtful details for comfortable living. Newly added bedroom with bathroom and fireplace. Kitchen with new SS appliance package, slide-in range, soft close white shaker cabinets, granite countertops and tiled backslash. Tiled bathrooms with new vanities, toilets, tub and shower. Freshly painted, new light fixtures and LED’s lights, new HVAC, new windows, new doors, new gutters, upgraded plumbing and electrical. Nicely appointed finishes and design details. This is not just another house; this is your future home.

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)
  • 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)
  • #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)

PRICE & RENT TRENDS

Zip Code: 30012

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $72k209k

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

Zip Code: 30012

ZipNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7421509

* 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
C.j. Hicks Elementary School Primary Regular 1,019 64 5
Conyers Middle School Middle Regular 859 58 4
Rockdale County High School High Regular 1,998 111 5

C.j. Hicks Elementary School

  • Education Level: Primary
  • # of students: 1,019
  • # of teachers: 64
5
GreatSchools Rating

Conyers Middle School

  • Education Level: Middle
  • # of students: 859
  • # of teachers: 58
4
GreatSchools Rating

Rockdale County High School

  • Education Level: High
  • # of students: 1,998
  • # of teachers: 111
5
GreatSchools Rating
 

$175,410$214,390$194,900

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$677
Property Tax -$349
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
-$28

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.

$194,900

PROJECTED PRICE

$1,170

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 7.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,399

INVESTMENT

$57,399

Down Payment
$48,725
Rehab Estimate
$5,750
Closing Costs
$2,924

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$677

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $48,725
Loan Amount $146,175
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$2,883

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,280

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,170
1$1,1702$1,2003$1,2504$1,450
$1,450
RENT COMPS ANALYSIS
  • 1118 Crestview Circle Ne Conyers, GA 1
    • 4 beds 2 baths ∙ 1,352 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,352 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $0.87
    •  
  • 1106 Nw Mountain View Road Conyers, GA 2
    • 4 beds 2 baths ∙ 1,320 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,320 Sqft ∙ Built 1965
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.91
    •  
  • 1377 Peggy Lane Nw Conyers, GA 3
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1969
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.96
    •  
  • 1195 Maple Street Se Conyers, GA 4
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1971
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.97
    •  
PROPERTY LISTING DETAILS
Mark Schwartz
1.404.452.8822
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6830384
Last Updated: 01/23/2021
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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