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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $183.47
- 1 Days on Market
- MLS # : 6914097
- Updated Date : 07/13/2021 at 10:47
CONSTRUCTION
- Beds : 3
- Floor Size : 2,480 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Offers will be reviewed after 7/15. Please submit your best offer by 7/15 at 11:59 pm. Photos coming soon. Step inside this gorgeous townhouse in Smyrna featuring a spacious layout, beautiful appliances, and sleek flooring! The kitchen offers a breakfast bar, ample pantry space, and easy access to the family room. The primary bedroom is outfitted with an ensuite with a double vanity, whirlpool tub, and a large walk-in closet. Additional features include an attached garage, fireplace, and covered back deck. You do not want to miss this home!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Creekside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Creekside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,400 |
| EXPENSES | Loan Payment | -$1,580 |
| Property Tax | -$461 | |
| Property Insurance | -$75 | |
| HOA | -$292 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$127
|
||
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.
$455,000
PROJECTED PRICE
$2,400
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 6.3% |
| 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
$126,325
LOAN DETAILS
$1,580
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $113,750 |
| Loan Amount | $341,250 |
2.83
YEARS SAVED
$10,070
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,400
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$2,449
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
1250 Creekside Terrace Smyrna, GA 3
- 3 beds 3 baths ∙ 2,480 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,480 Sqft ∙ Built 2003
![property image]()
- Rent
- Rent Per SQFT
- $2,400
- $0.97
-
2169 Berryhill Circle Se Smyrna, GA 1
- 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 1996
![property image]()
LEASED 08/23/20- Rent
- Rent Per SQFT
- $2,000
- $0.93
-
5090 River Valley Drive Se Smyrna, GA 2
- 4 beds 2 baths ∙ 2,244 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,244 Sqft ∙ Built 1984
![property image]()
LEASED 08/14/20- Rent
- Rent Per SQFT
- $2,300
- $1.02
-
1163 Rhyne Chase Se Smyrna, GA 4
- 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 1999
![property image]()
LEASED 05/25/21- Rent
- Rent Per SQFT
- $2,450
- $0.99
-
4221 Hardy Avenue Smyrna, GA 5
- 4 beds 3 baths ∙ 2,626 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,626 Sqft ∙ Built 2011
![property image]()
LEASED 06/30/20- Rent
- Rent Per SQFT
- $2,650
- $1.01
PROPERTY LISTING DETAILS
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6914097
Last Updated: 07/13/2021
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.
