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118 Aubree Way Mcdonough, GA 30252

5 Beds 3 Baths 2,800 sqft Built 2006

$395,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $141.07
  • 8 Days on Market
  • MLS # : 6910012
  • Updated Date : 07/13/2021 at 14:55
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,800 sqft
  • Baths : 3 full
Listing Agent's Description

Gorgeous 2-story Craftsman style home w/ one-step entry in sought after Aubree's Landing & Ola School District. Features 5 bedrooms and 3 full baths. 2 of the bedrooms can be optional office and/or bonus room. One bedroom/office with full bath on Main floor. Kitchen features SS appliances and double oven. Separate Dining room has fabulous Coffered Ceiling. Granite counters and wood floors on Main. Spacious Primary bedroom w/ double tray ceilings located upstairs.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Aubrees Landing

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $103k288k

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

Neighborhood: Aubrees Landing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9731858

* 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
Ola Elementary School Primary Regular 869 57 7
Ola Middle School Middle Regular 1,160 67 8
Ola High School High Regular 1,560 91 8

Ola Elementary School

  • Education Level: Primary
  • # of students: 869
  • # of teachers: 57
7
GreatSchools Rating

Ola Middle School

  • Education Level: Middle
  • # of students: 1,160
  • # of teachers: 67
8
GreatSchools Rating

Ola High School

  • Education Level: High
  • # of students: 1,560
  • # of teachers: 91
8
GreatSchools Rating
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,372
Property Tax -$455
Property Insurance -$81
HOA -$8
Property Management Fees -$119
CASH FLOW
$64

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.

$395,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$19,661

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,736

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$1,930
1$1,9302$2,100
$2,100
RENT COMPS ANALYSIS
  • 118 Aubree Way Mcdonough, GA 2
    • 5 beds 3 baths ∙ 2,800 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,800 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.75
    •  
  • 1519 Lincoln Terrace Mcdonough, GA 1
    • 4 beds 3 baths ∙ 3,113 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,113 Sqft ∙ Built 2004
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.62
    •  
PROPERTY LISTING DETAILS
Tina Brooks
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6910012
Last Updated: 07/13/2021
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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