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1211 Astastula Way Woodstock, GA 30188

3 Beds 3 Baths 1,660 sqft Built 2000

$250,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $150.60
  • 2 Days on Market
  • MLS # : 6807457
  • Updated Date : 11/14/2020 at 13:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,660 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Fantastic, well maintained home in highly sought after Regency subdivision! Freshly steam cleaned carpets, fresh pain, updated kitchen, bath and hardwood flooring on the main level. Excellent cul-de-sac lot with private, fenced and wooded backyard! Huge master bedroom and bathroom with a generous closet. Located just minutes from downtown Woodstock in an active swim/tennis community!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: The Regency at Kingsgate

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $103k253k

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

Neighborhood: The Regency at Kingsgate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8931697

* 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
Little River Elementary School Primary Regular 1,446 80 6
Mill Creek Middle School Middle Regular 1,284 72 7
River Ridge High School High Regular 1,601 88 8

Little River Elementary School

  • Education Level: Primary
  • # of students: 1,446
  • # of teachers: 80
6
GreatSchools Rating

Mill Creek Middle School

  • Education Level: Middle
  • # of students: 1,284
  • # of teachers: 72
7
GreatSchools Rating

River Ridge High School

  • Education Level: High
  • # of students: 1,601
  • # of teachers: 88
8
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$922
Property Tax -$206
Property Insurance -$59
HOA -$38
Property Management Fees -$119
CASH FLOW
$315

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.

$250,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 6.9%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

10.67

YEARS SAVED

$46,954

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,648

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,585
1$1,5852$1,6503$1,6604$1,7155$1,725
$1,725
RENT COMPS ANALYSIS
  • 1211 Astastula Way Woodstock, GA 3
    • 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $1.00
    •  
  • 1020 Dunedin Trail Woodstock, GA 1
    • 3 beds 3 baths ∙ 1,736 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,736 Sqft ∙ Built 2000
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,585
    • $0.91
    •  
  • 1132 Dunedin Trail Woodstock, GA 2
    • 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 2000
    property image
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
  • 1159 Dunedin Trail Woodstock, GA 4
    • 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 2001
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,715
    • $1.03
    •  
  • 1068 Dunedin Trail Woodstock, GA 5
    • 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 2001
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.04
    •  
PROPERTY LISTING DETAILS
Adam Sobel
1.404.933.4433
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6807457
Last Updated: 11/14/2020
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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