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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $139.01
- 7 Days on Market
- MLS # : 6818694
- Updated Date : 12/15/2020 at 08:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,438 sqft
- Baths : 3 full
Listing Agent's Description
DO NOT MISS THIS EXCELLENT OPPORTUNITY, 1 OWNER HOME, 4 SIDED BRICK HOME WITH PARTIALLY FINISHED BASEMENT. FENCED FRONT YARD, NEWLY PAINTED OUTSIDE, FRONT PORCH RESURFACE/PAINTED, DOUBLE PAIN WINDOWS THROUGH OUT THE HOUSE, NEW ROOF, NEW DECK AT BACK OF HOUSE,GAS AUTOMATICALLY CONNECTS TO GRILL NEW STOVE AND DISH WASHER. NEW ROOF WITH LIFE TIME WARANTY, LARGE BEDROOMS, PRIVATE BACK YARD, NO HOA, MINUTES FROM 75 AND I-675 AND CLOSE TO DOWN TOWN ATLANTA,CLOSE TO SHOPPING AND RESTAURANTS.
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Neighborhood: Meadow Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Meadow Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,410 |
| EXPENSES | Loan Payment | -$738 |
| Property Tax | -$247 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$252
|
||
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.
$199,900
PROJECTED PRICE
$1,410
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 8.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$58,724
LOAN DETAILS
$738
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $49,975 |
| Loan Amount | $149,925 |
9.33
YEARS SAVED
$30,708
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,410
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,150
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
125 Meadow Ridge Drive Stockbridge, GA 4
- 4 beds 3 baths ∙ 1,438 Sqft ∙ Built 1980 4 beds 3 baths ∙ 1,438 Sqft ∙ Built 1980
![property image]()
- Rent
- Rent Per SQFT
- $1,410
- $0.98
-
3533 Mosswood Lane Rex, GA 1
- 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1998
![property image]()
LEASED 11/25/19- Rent
- Rent Per SQFT
- $1,095
- $0.82
-
231 Northbridge Drive Stockbridge, GA 2
- 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1987
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,100
- $0.76
-
276 Due West Drive Stockbridge, GA 3
- 3 beds 3 baths ∙ 1,630 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,630 Sqft ∙ Built 1994
![property image]()
LEASED 01/21/20- Rent
- Rent Per SQFT
- $1,335
- $0.82
PROPERTY LISTING DETAILS
1.678.908.6030
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6818694
Last Updated: 12/15/2020
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.
