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1181 Amberton Lane Powder Springs, GA 30127

4 Beds 3 Baths 2,970 sqft Built 2001

$367,200

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $123.64
  • 7 Days on Market
  • MLS # : 6822048
  • Updated Date : 12/30/2020 at 10:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,970 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautifully laid out 5 bedroom, 3 bathroom home in Amberton neighborhood with lavish interior features an open concept floorplan. Wood flooring, vaulted ceilings, and natural light welcome you triumphantly as you enter the home. Floor and crown moldings in the entryway and formal dining area accentuate the grand nature of this home, complemented by an updated kitchen that boasts modern countertops, tons of storage, and a gorgeous steel oven. The primary bedroom includes an ensuite bathroom with a walk-in closet and separate shower & tub. This home won't last!

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MARKET HIGHLIGHTS

  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • 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)
  • 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Neighborhood: Amberton

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k353k

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

Neighborhood: Amberton

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732094

* 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
Kemp Elementary School Primary Regular 1,023 66 10
Lost Mountain Middle School Middle Regular 945 58 9
Hillgrove High School High Regular 2,301 111 9

Kemp Elementary School

  • Education Level: Primary
  • # of students: 1,023
  • # of teachers: 66
10
GreatSchools Rating

Lost Mountain Middle School

  • Education Level: Middle
  • # of students: 945
  • # of teachers: 58
9
GreatSchools Rating

Hillgrove High School

  • Education Level: High
  • # of students: 2,301
  • # of teachers: 111
9
GreatSchools Rating
 

$330,480$403,920$367,200

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 -$1,355
Property Tax -$398
Property Insurance -$85
HOA -$54
Property Management Fees -$119
CASH FLOW
$89

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.

$367,200

PROJECTED PRICE

$2,100

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,058

INVESTMENT

$103,058

Down Payment
$91,800
Rehab Estimate
$5,750
Closing Costs
$5,508

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,355

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,800
Loan Amount $275,400
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$28,740

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
  • $0.71

    LIST RENT PER SQFT
  • $2,138

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9753$2,1004$2,200
$2,200
RENT COMPS ANALYSIS
  • 1181 Amberton Lane Powder Springs, GA 3
    • 4 beds 3 baths ∙ 2,970 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,970 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.71
    •  
  • 2010 Augustine Trace Powder Springs, GA 1
    • 5 beds 3 baths ∙ 2,735 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,735 Sqft ∙ Built 2006
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.71
    •  
  • 995 Amberton Lane Powder Springs, GA 2
    • 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2002
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.71
    •  
  • 4285 Thayer Drive Powder Springs, GA 4
    • 5 beds 3 baths ∙ 2,978 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,978 Sqft ∙ Built 2013
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.74
    •  
PROPERTY LISTING DETAILS
Michelle Sanders
1.678.884.7933
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6822048
Last Updated: 12/30/2020
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. © 2017 First Multiple Listing Service, Inc.

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