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120 Fitchburg Drive Woodstock, GA 30189

4 Beds 3 Baths 2,340 sqft Built 1985

$300,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $128.21
  • 4 Days on Market
  • MLS # : 6833304
  • Updated Date : 01/29/2021 at 18:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,340 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Welcome home to this gem in a great swim/tennis community- conveniently located near shopping and dining, in an award winning school district! Feel right at home in the oversized fireside family room with built-in bookcases. The kitchen features painted cabinets, granite counters, tile backsplash, and stainless appliances. Enjoy the outdoors on the large deck, overlooking the fenced backyard with treehouse that remains with the property! Plenty of growing room in this one with two finished rooms in the basement.

SEE MORE

MARKET HIGHLIGHTS

  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 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)
  • Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
  • 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 World’s Busiest Airport(Airports Council International, 2018)

PRICE & RENT TRENDS

Neighborhood: Kingston Square

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $103k261k

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

Neighborhood: Kingston Square

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001050110011501200125013001350140014501500155016001650Rent in $9701697

* 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
Carmel Elementary School Primary Regular 1,190 67 8
Woodstock Middle School Middle Regular 1,175 69 8
Woodstock High School High Regular 2,179 111 8

Carmel Elementary School

  • Education Level: Primary
  • # of students: 1,190
  • # of teachers: 67
8
GreatSchools Rating

Woodstock Middle School

  • Education Level: Middle
  • # of students: 1,175
  • # of teachers: 69
8
GreatSchools Rating

Woodstock High School

  • Education Level: High
  • # of students: 2,179
  • # of teachers: 111
8
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,042
Property Tax -$259
Property Insurance -$72
HOA -$38
Property Management Fees -$119
CASH FLOW
$99

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

$1,630

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$19,745

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,726

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,445
1$1,4452$1,6303$1,7504$1,8405$1,850
$1,850
RENT COMPS ANALYSIS
  • 120 Fitchburg Drive Woodstock, GA 2
    • 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.70
    •  
  • 702 Jamestown Place Woodstock, GA 1
    • 3 beds 2 baths ∙ 2,218 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,218 Sqft ∙ Built 1986
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.65
    •  
  • 4782 Shallow Ridge Road Ne Kennesaw, GA 3
    • 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 1994
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.82
    •  
  • 4851 Ridgewood Creek Drive Acworth, GA 4
    • 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 2005
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.74
    •  
  • 302 Wind Ship Court Woodstock, GA 5
    • 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 1996
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.74
    •  
PROPERTY LISTING DETAILS
The Premier Group
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6833304
Last Updated: 01/29/2021
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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