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1212 Lafayette Drive Sw Mableton, GA 30126

4 Beds 3 Baths 2,129 sqft Built 1979

$325,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $152.65
  • 4 Days on Market
  • MLS # : 6859503
  • Updated Date : 03/26/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,129 sqft
  • Baths : 3 full
Listing Agent's Description

Beautiful, updated Cape Cod home on an oversized lot. This home has a large family room with wood burning stove, bamboo hardwood floors that extend into the kitchen and dining area. Kitchen features updated granite countertops, white cabinets, kitchen island, pantry/storage closet and wine/coffee area. The dining area is attached to kitchen and oversized for a large dining table. French doors open to a deck that allows for indoor/outdoor entertainment.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Concord Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210k220k230kPrice in $91k231k

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

Neighborhood: Concord Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9131561

* 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
Mableton Elementary School Primary Regular 972 67 4
Floyd Middle School Middle Regular 935 54 4
South Cobb High School High Regular 2,074 106 4

Mableton Elementary School

  • Education Level: Primary
  • # of students: 972
  • # of teachers: 67
4
GreatSchools Rating

Floyd Middle School

  • Education Level: Middle
  • # of students: 935
  • # of teachers: 54
4
GreatSchools Rating

South Cobb High School

  • Education Level: High
  • # of students: 2,074
  • # of teachers: 106
4
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,129
Property Tax -$287
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
$97

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

$1,700

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 5.9%
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

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$21,175

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,852

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7003$1,9154$2,000
$2,000
RENT COMPS ANALYSIS
  • 1212 Lafayette Drive Sw Mableton, GA 2
    • 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.80
    •  
  • 729 Concord Road Sw Smyrna, GA 1
    • 3 beds 2 baths ∙ 1,998 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,998 Sqft ∙ Built 1965
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.85
    •  
  • 1200 Crestbrook Drive Sw Mableton, GA 3
    • 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 1987
    LEASED 03/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,915
    • $0.90
    •  
  • 918 Peel Castle Lane Austell, GA 4
    • 4 beds 4 baths ∙ 2,334 Sqft ∙ Built 1996 4 beds 4 baths ∙ 2,334 Sqft ∙ Built 1996
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.86
    •  
PROPERTY LISTING DETAILS
Kimberly Robertson
1.770.845.3742
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6859503
Last Updated: 03/26/2021
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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