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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $130.47
- 2 Days on Market
- MLS # : 6820536
- Updated Date : 12/19/2020 at 17:40
CONSTRUCTION
- Beds : 4
- Floor Size : 1,372 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Cozy and Lovely Home in Laurel Plantation Subdivision. Home Sit Privately Away From Main Street. This Home Features 4 Bedrooms, 2.5 Bathroom, Family Room With Fireplace, Formal Dining Room, Large Kitchen With Lots of Cabinets and Granite Counter Tops and Breakfast Area In Kitchen. Large Private Backyard. This Home Has New Paint Inside and Outside, New Carpet, New Flooring, New Vanity And Much More. This Home It Conveniently Located Near Shopping, Restaurants, Stone Mountain Park and Expressway 1-20.
SEE MORE
- 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
Zip Code: 30088
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30088
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,150 |
| EXPENSES | Loan Payment | -$660 |
| Property Tax | -$260 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$57
|
||
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.
$179,000
PROJECTED PRICE
$1,150
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 8.8% |
| 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
$53,185
LOAN DETAILS
$660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $44,750 |
| Loan Amount | $134,250 |
4.58
YEARS SAVED
$9,374
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,150
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,108
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
1177 Mill Lake Circle Stone Mountain, GA 1
- 4 beds 3 baths ∙ 1,372 Sqft ∙ Built 1983 4 beds 3 baths ∙ 1,372 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $1,150
- $0.84
-
4795 Brasac Drive Stone Mountain, GA 2
- 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1989
LEASED 05/06/20- Rent
- Rent Per SQFT
- $1,175
- $0.82
-
4970 Isle Royal Court Stone Mountain, GA 3
- 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1976
LEASED 11/26/19- Rent
- Rent Per SQFT
- $1,213
- $0.78
-
1287 Mill Lake Circle Stone Mountain, GA 4
- 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1984
LEASED 11/21/19- Rent
- Rent Per SQFT
- $1,250
- $0.81
-
4973 Gatehouse Way Stone Mountain, GA 5
- 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1983
LEASED 05/21/20- Rent
- Rent Per SQFT
- $1,360
- $0.82
PROPERTY LISTING DETAILS
1.770.256.4477
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6820536
Last Updated: 12/19/2020
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.
