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1237 S Shadygrove Court Stone Mountain, GA 30083

4 Beds 3 Baths 2,100 sqft Built 1971

$264,900

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $126.14
  • 7 Days on Market
  • MLS # : 6821327
  • Updated Date : 12/23/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,100 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

COMPLETELY RENOVATED 4BEDROOM/2.5BATH LOCATED WITHIN WALKING DISTANCE TO STONE MOUNTAIN PARK.THE NEW OWNERS WILL APPRECIATE ALL THE NEW UPGRADES AND RENOVATIONS INCLUDING***NEW LIGHT FIXTURES AND HARDWARE THROUGHOUT**GRANITE COUNTERTOPS THROUGHOUT**BRAND NEW STAINLESS STEEL APPLIANCES**BRAND NEW KITCHEN CABINETS AND BACKSPLASH**NEW PAINT INSIDE AND OUT**ALL NEW FLOORING/CARPET THROUGHOUT**ALL NEW PLUMBING THROUGHOUT**COVERED BACK PORCH**CONVENIENTLY LOCATED TO DOWNTOWN ATLANTA.

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: Stone Mountain

NeighborhoodNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $73k209k

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

Neighborhood: Stone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280085090095010001050110011501200125013001350140014501500Rent in $7851509

* 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
Stone Mountain Elementary School Primary Regular 574 36 1
Stone Mountain Middle School Middle Regular 918 63 3
Stone Mountain High School High Regular 1,062 68 3

Stone Mountain Elementary School

  • Education Level: Primary
  • # of students: 574
  • # of teachers: 36
1
GreatSchools Rating

Stone Mountain Middle School

  • Education Level: Middle
  • # of students: 918
  • # of teachers: 63
3
GreatSchools Rating

Stone Mountain High School

  • Education Level: High
  • # of students: 1,062
  • # of teachers: 68
3
GreatSchools Rating
 

$238,410$291,390$264,900

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$977
Property Tax -$385
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
-$19

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.

$264,900

PROJECTED PRICE

$1,530

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 9.0%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$977

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$6,861

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,512

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,385
1$1,3852$1,4273$1,4504$1,530
$1,530
RENT COMPS ANALYSIS
  • 1237 S Shadygrove Court Stone Mountain, GA 4
    • 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.73
    •  
  • 5092 Stone Trace Stone Mountain, GA 1
    • 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 1980 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 1980
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,385
    • $0.73
    •  
  • 5644 Rodney Court Stone Mountain, GA 2
    • 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 1986
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,427
    • $0.70
    •  
  • 1078 New Gibraltar Square Stone Mountain, GA 3
    • 3 beds 3 baths ∙ 1,991 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,991 Sqft ∙ Built 1986
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.73
    •  
PROPERTY LISTING DETAILS
Scott Lewis
1.770.294.2110
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6821327
Last Updated: 12/23/2020
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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