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12082 Fairway Overlook Fayetteville, GA 30215

3 Beds 3 Baths 2,010 sqft Built 1996

$216,000

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $107.46
  • 3 Days on Market
  • MLS # : 6805695
  • Updated Date : 11/07/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,010 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

This Fayetteville two-story home offers a patio, granite countertops, a fireplace, and a two-car garage. This home is vacant and cleaned regularly.

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30215

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Zip Code: 30215

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
River's Edge Elementary School Primary Regular 610 37 6
Eddie White K-8 Academy Middle Regular 1,387 75 5
Lovejoy High School High Regular 1,992 96 3

River's Edge Elementary School

  • Education Level: Primary
  • # of students: 610
  • # of teachers: 37
6
GreatSchools Rating

Eddie White K-8 Academy

  • Education Level: Middle
  • # of students: 1,387
  • # of teachers: 75
5
GreatSchools Rating

Lovejoy High School

  • Education Level: High
  • # of students: 1,992
  • # of teachers: 96
3
GreatSchools Rating
 

$194,400$237,600$216,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$797
Property Tax -$222
Property Insurance -$66
HOA -$47
Property Management Fees -$119
CASH FLOW
$58

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.

$216,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.5%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,990

INVESTMENT

$62,990

Down Payment
$54,000
Rehab Estimate
$5,750
Closing Costs
$3,240

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$797

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,000
Loan Amount $162,000
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$17,411

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,467

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,310
1$1,3102$1,4453$1,5004$1,525
$1,525
RENT COMPS ANALYSIS
  • 12082 Fairway Overlook Fayetteville, GA 1
    • 3 beds 3 baths ∙ 2,010 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,010 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.65
    •  
  • 145 Fontaine Way Fayetteville, GA 2
    • 4 beds 3 baths ∙ 1,983 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,983 Sqft ∙ Built 1986
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.73
    •  
  • 12222 Crestwood Court Fayetteville, GA 3
    • 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 1999
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.73
    •  
  • 43 Keiths Court Fayetteville, GA 4
    • 4 beds 3 baths ∙ 2,102 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,102 Sqft ∙ Built 2004
    property image
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.73
    •  
PROPERTY LISTING DETAILS
Kim Klir
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6805695
Last Updated: 11/07/2020
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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