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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $138.55
- 6 Days on Market
- MLS # : 6820831
- Updated Date : 12/23/2020 at 14:48
CONSTRUCTION
- Beds : 3
- Floor Size : 1,624 sqft
- Baths : 2 full
Listing Agent's Description
Welcome to this amazing renovated cape cod in a Cul De Sac, Fantastic neighborhood with a large front Porch and Backyard! Freshly painted Interior and Exterior, Wood plank tile throughout main floor and Basement and new carpet in upstairs bedrooms & staircases. Updated kitchen with marble countertops and herringbone backsplash. New front and backdoors, New garage doors, New double vanity in Master Bath with quartz countertop and updated light fixtures throughout the house.
SEE MORE
- #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: 30141
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30141
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,360 |
| EXPENSES | Loan Payment | -$830 |
| Property Tax | -$199 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$154
|
||
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.
$225,000
PROJECTED PRICE
$1,360
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 9.7% |
| 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
$65,375
LOAN DETAILS
$830
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,250 |
| Loan Amount | $168,750 |
7.67
YEARS SAVED
$26,250
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,360
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,372
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
122 Edgar Court Hiram, GA 3
- 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1992
![property image]()
- Rent
- Rent Per SQFT
- $1,360
- $0.84
-
21 Poole Bridge Court Hiram, GA 1
- 3 beds 3 baths ∙ 1,556 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,556 Sqft ∙ Built 1994
![property image]()
LEASED 12/04/19- Rent
- Rent Per SQFT
- $1,200
- $0.77
-
43 Oak Landing Circle Douglasville, GA 2
- 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1992
![property image]()
LEASED 05/28/20- Rent
- Rent Per SQFT
- $1,295
- $0.86
-
73 Brandon Woods Circle Hiram, GA 4
- 4 beds 2 baths ∙ 1,582 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,582 Sqft ∙ Built 1993
![property image]()
LEASED 01/06/20- Rent
- Rent Per SQFT
- $1,445
- $0.91
-
392 Paradise Crossing Douglasville, GA 5
- 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 2002
![property image]()
LEASED 05/27/20- Rent
- Rent Per SQFT
- $1,475
- $0.84
PROPERTY LISTING DETAILS
1.770.286.1939
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6820831
Last Updated: 12/23/2020
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.
