Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1247 Channel Park Sw Marietta, GA 30064

4 Beds 3 Baths 2,902 sqft Built 1995

$380,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $130.94
  • 2 Days on Market
  • MLS # : 6825188
  • Updated Date : 01/09/2021 at 08:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,902 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Move in ready, pristine condition 4 bed 3 bath home in sought after Loring Square in top rated school district! Home features multiple large living spaces including open kitchen with large island, professionally landscaped private back yard with lots of space for relaxing, master on main with recently renovated en suite bath, and great room with fire place perfect for entertaining, and automated home lighting system compatible with smart phone.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Neighborhood: Loring Square

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k345k

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

Neighborhood: Loring Square

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9732127

* 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
Cheatham Hill Elementary School Primary Regular 1,109 73 7
Lovinggood Middle School Middle Regular 1,428 75 9
Hillgrove High School High Regular 2,301 111 9

Cheatham Hill Elementary School

  • Education Level: Primary
  • # of students: 1,109
  • # of teachers: 73
7
GreatSchools Rating

Lovinggood Middle School

  • Education Level: Middle
  • # of students: 1,428
  • # of teachers: 75
9
GreatSchools Rating

Hillgrove High School

  • Education Level: High
  • # of students: 2,301
  • # of teachers: 111
9
GreatSchools Rating
 

$342,000$418,000$380,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,320
Property Tax -$602
Property Insurance -$83
HOA -$43
Property Management Fees -$119
CASH FLOW
$13

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.

$380,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

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$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$15,813

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,213

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,1253$2,1804$2,2905$2,500
$2,500
RENT COMPS ANALYSIS
  • 1247 Channel Park Sw Marietta, GA 3
    • 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.75
    •  
  • 1273 Channel Park Sw Marietta, GA 1
    • 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 1990
    property image
    LEASED 09/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.69
    •  
  • 2272 Camden Drive Sw Marietta, GA 2
    • 4 beds 4 baths ∙ 2,934 Sqft ∙ Built 1990 4 beds 4 baths ∙ 2,934 Sqft ∙ Built 1990
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.72
    •  
  • 2281 Sw Camden Drive Marietta, GA 4
    • 4 beds 3 baths ∙ 2,810 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,810 Sqft ∙ Built 1994
    property image
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.81
    •  
  • 1759 Clayhill Pointe Sw Marietta, GA 5
    • 4 beds 3 baths ∙ 3,012 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,012 Sqft ∙ Built 2000
    property image
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.83
    •  
PROPERTY LISTING DETAILS
Victor Rodriguez
1.678.773.5298
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6825188
Last Updated: 01/09/2021
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. © 2017 First Multiple Listing Service, Inc.

BESbswy