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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $124.38
- 2 Days on Market
- MLS # : 6820583
- Updated Date : 12/19/2020 at 21:40
CONSTRUCTION
- Beds : 4
- Floor Size : 2,412 sqft
- Baths : 3 full
Listing Agent's Description
Beautiful craftsman style home in North Paulding's Rosewood Park! Home sits on a large corner lot! Open two story foyer with large family room and open concept living! Kitchen offers gorgeous cherry stained kitchen cabinets, stainless steel appliances, granite countertops and hardwood floors. Guest/in-law bedroom on main level with updated full bath. 3 spacious bedrooms on 2nd level including master suite which offers a vaulted ceiling. Master bath features double vanities, tile floor, separate tub and shower. Swim and playground community.
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: 30157
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30157
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$265 | |
| Property Insurance | -$74 | |
| HOA | -$40 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$126
|
||
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.
$300,000
PROJECTED PRICE
$1,730
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 9.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| 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
$85,250
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
6.42
YEARS SAVED
$26,227
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$1,875
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
12 Mary Wallace Way Dallas, GA 3
- 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 2012
- Rent
- Rent Per SQFT
- $1,730
- $0.72
-
205 Maplewood Lane Acworth, GA 1
- 4 beds 3 baths ∙ 2,307 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,307 Sqft ∙ Built 1995
LEASED 10/14/20- Rent
- Rent Per SQFT
- $1,635
- $0.71
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116 Laurelcrest Lane Dallas, GA 2
- 3 beds 2 baths ∙ 2,207 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,207 Sqft ∙ Built 2016
LEASED 06/30/19- Rent
- Rent Per SQFT
- $1,675
- $0.76
-
182 Crown Vista Way Dallas, GA 4
- 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2015
LEASED 10/10/20- Rent
- Rent Per SQFT
- $1,995
- $0.78
-
210 Inspiration Lane Dallas, GA 5
- 4 beds 5 baths ∙ 2,426 Sqft ∙ Built 2010 4 beds 5 baths ∙ 2,426 Sqft ∙ Built 2010
LEASED 11/11/20- Rent
- Rent Per SQFT
- $2,095
- $0.86
PROPERTY LISTING DETAILS
1.404.275.9612
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6820583
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.
