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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $176.57
- 5 Days on Market
- MLS # : 6813225
- Updated Date : 11/28/2020 at 12:06
CONSTRUCTION
- Beds : 4
- Floor Size : 1,976 sqft
- Baths : 2 full
Listing Agent's Description
Charming 3 sided Brick Ranch. As you enter this home you are welcomed by soaring ceilings, hardwood floors and a spacious open flr plan. 2 sided fireplace links Family rm to Living/Dining Rms. Updated Kitchen w/stained cabinets, granite ctops and island overlooks Family rm with high cathedral ceiling. A versatile floor plan accommodates a Home Office and a Mstr Suite w/sitting area or a 2nd huge walk-in closet. Well maintained house 2yr old Roof and HVAC System. Enjoy adding add'l fruit/herb plants to this huge beautiful rear yrd. Great School District. A MUST SEE!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Falcon Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Falcon Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,950 |
EXPENSES | Loan Payment | -$1,287 |
Property Tax | -$318 | |
Property Insurance | -$65 | |
Property Management Fees | -$119 | |
CASH FLOW
$160
|
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.
$348,900
PROJECTED PRICE
$1,950
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.09% |
Appreciation Year (1-5) | 5.4% |
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
$98,209
LOAN DETAILS
$1,287
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $87,225 |
Loan Amount | $261,675 |
7.42
YEARS SAVED
$37,435
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$2,060
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.404.217.7735
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6813225
Last Updated: 11/28/2020

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