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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $172.23
- 4 Days on Market
- MLS # : 6837438
- Updated Date : 02/12/2021 at 08:01
CONSTRUCTION
- Beds : 3
- Floor Size : 1,887 sqft
- Baths : 2 full
Listing Agent's Description
Well-maintained RANCH with 3 Bedrooms, 2 Baths. Gorgeous 360 views of Atlanta skyline & North GA mountains. Beautiful kitchen with handsome beamed ceiling overlooks the dining area and family room. Formal dining area for larger gatherings. Custom built-ins and hardwood flooring. Custom storage decking in garage. Mature landscape and fruit gardens with rain harvesting system in place, approximately 600 gallons. Private yard with privacy buffer plus fenced back yard with separated kennel section.
SEE MORE
- 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)
- 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)
- 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: The Pointe at Puckett Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Pointe at Puckett Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$331 | |
| Property Insurance | -$64 | |
| HOA | -$33 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$94
|
||
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.
$325,000
PROJECTED PRICE
$1,770
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 6.6% |
| 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
$91,875
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
5.58
YEARS SAVED
$19,751
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,906
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
121 Puckett Creek Drive Canton, GA 2
- 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,770
- $0.94
-
1042 Whispering Woods Drive Canton, GA 1
- 3 beds 3 baths ∙ 1,648 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,648 Sqft ∙ Built 2000
LEASED 01/20/21- Rent
- Rent Per SQFT
- $1,670
- $1.01
PROPERTY LISTING DETAILS
1.404.334.2402
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6837438
Last Updated: 02/12/2021
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.
