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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $147.70
- 2 Days on Market
- MLS # : 6842968
- Updated Date : 02/20/2021 at 19:40
CONSTRUCTION
- Beds : 4
- Floor Size : 2,369 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Excellent 2 story traditional home just minutes from Downtown Woodstock and just seconds from the new Woodstock Outlet Mall. Plenty of room in this 4 bedroom 2.5 bath. Separate dining room and sitting room just off the foyer. Ideal office room adjacent to the family room. Remote gas logs for added winter warmth and to reduce on heating bills. Large kitchen with island and breakfast area. Large master bedroom includes walk in closet, double vanity, and separate garden tub and shower. Large, fenced back yard to enjoy. This is the one so don't wait.
SEE MORE
- 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)
- As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 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)
PRICE & RENT TRENDS
Neighborhood: Brookshire
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Brookshire
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,880 |
| EXPENSES | Loan Payment | -$1,215 |
| Property Tax | -$256 | |
| Property Insurance | -$73 | |
| HOA | -$50 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$166
|
||
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.
$349,900
PROJECTED PRICE
$1,880
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 7.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| 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
$98,474
LOAN DETAILS
$1,215
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
7.42
YEARS SAVED
$32,062
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,880
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,854
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
124 Santa Anita Trail Woodstock, GA 5
- 4 beds 3 baths ∙ 2,369 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,369 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,880
- $0.79
-
315 Alcovy Way Woodstock, GA 1
- 3 beds 3 baths ∙ 2,119 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,119 Sqft ∙ Built 2012
LEASED 09/30/20- Rent
- Rent Per SQFT
- $1,650
- $0.78
-
546 Keeneland Avenue Woodstock, GA 2
- 4 beds 3 baths ∙ 2,369 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,369 Sqft ∙ Built 2002
LEASED 08/31/20- Rent
- Rent Per SQFT
- $1,695
- $0.72
-
334 Pin Oak Avenue Woodstock, GA 3
- 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 2006
LEASED 01/19/21- Rent
- Rent Per SQFT
- $1,695
- $0.79
-
669 Wedgewood Drive Woodstock, GA 4
- 3 beds 3 baths ∙ 2,076 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,076 Sqft ∙ Built 1990
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,750
- $0.84
PROPERTY LISTING DETAILS
1.706.889.1110
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6842968
Last Updated: 02/20/2021
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.
