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1213 Asterwood Lane Sw Atlanta, GA 30331

4 Beds 3 Baths 2,452 sqft Built 2016

$325,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2016
  • Price/Sqft : $132.54
  • 10 Days on Market
  • MLS # : 6803105
  • Updated Date : 11/07/2020 at 11:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,452 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautiful and better than new!! Move right into this fabulous home that boasts an oversized master on the main with gorgeous master bath. Immaculate hardwood flooring on main level compliments the elegant formal dining room the gourmet eat-in kitchen complete with stainless steel appliances and granite countertops which opens to an inviting family room with fireplace perfect for entertaining. On the 2nd floor you will enjoy 3 bedrooms with very generous closets.

SEE MORE

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

Neighborhood: Southwest Atlanta

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $73k235k

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

Neighborhood: Southwest Atlanta

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8171714

* 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
A. Phillip Randolph Elementary School Primary Regular 643 39 5
Sandtown Middle School Middle Regular 1,168 80 3
Westlake High School High Regular 2,023 116 6

A. Phillip Randolph Elementary School

  • Education Level: Primary
  • # of students: 643
  • # of teachers: 39
5
GreatSchools Rating

Sandtown Middle School

  • Education Level: Middle
  • # of students: 1,168
  • # of teachers: 80
3
GreatSchools Rating

Westlake High School

  • Education Level: High
  • # of students: 2,023
  • # of teachers: 116
6
GreatSchools Rating
 

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

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,199
Property Tax -$362
Property Insurance -$75
HOA -$100
Property Management Fees -$119
CASH FLOW
-$35

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$325,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$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 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$7,825

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,814

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8203$1,8994$2,200
$2,200
RENT COMPS ANALYSIS
  • 1213 Asterwood Lane Sw Atlanta, GA 2
    • 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.74
    •  
  • 5293 Lakerock Drive Sw Atlanta, GA 1
    • 4 beds 2 baths ∙ 2,290 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,290 Sqft ∙ Built 2004
    LEASED 07/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.72
    •  
  • 5209 Sw Lakerock Drive Atlanta, GA 3
    • 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2004
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.68
    •  
  • 5015 Cascade Hills Circle Sw Atlanta, GA 4
    • 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 2001
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
PROPERTY LISTING DETAILS
Erica Lewis
1.678.642.4563
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6803105
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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