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1264 June Drive Decatur, GA 30035

4 Beds 2 Baths 1,942 sqft Built 1961

$274,900

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $141.56
  • 16 Days on Market
  • MLS # : 6831808
  • Updated Date : 02/05/2021 at 08:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,942 sqft
  • Baths : 2 full
Listing Agent's Description

renovated top to bottom! Beautiful hardwood floors on the main level.NEW KITCHEN! shaker cabinets and granite counter tops. new appl Open concept w/oversized island! Joining a family/dining room. Windows through out for natural light. True master suite ft a Newly tiled shower/floor. Gracious secondary bath and bedrooms. Amazing fireplace is the focal point of the great room complete w/french doors leading to the covered patio Freshly painted inside and out! An addl room down stairs/bedroom or office! A must see patio out back over looking a private back yard.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 30035

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $75k209k

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

Zip Code: 30035

ZipNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8021509

* 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
Rowland Elementary School Primary Regular 613 42 2
Mary Mcleod Bethune Middle School Middle Regular 902 53 3
Towers High School High Regular 1,001 64 2

Rowland Elementary School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 42
2
GreatSchools Rating

Mary Mcleod Bethune Middle School

  • Education Level: Middle
  • # of students: 902
  • # of teachers: 53
3
GreatSchools Rating

Towers High School

  • Education Level: High
  • # of students: 1,001
  • # of teachers: 64
2
GreatSchools Rating
 

$247,410$302,390$274,900

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$955
Property Tax -$433
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
-$101

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.

$274,900

PROJECTED PRICE

$1,470

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 5.0%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,253

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,486

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,4503$1,4704$1,5955$1,595
$1,595
RENT COMPS ANALYSIS
  • 1264 June Drive Decatur, GA 3
    • 4 beds 2 baths ∙ 1,942 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,942 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.76
    •  
  • 1354 Richard Road Decatur, GA 1
    • 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 1953
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.72
    •  
  • 4323 Autumn Hill Drive Stone Mountain, GA 2
    • 4 beds 3 baths ∙ 1,782 Sqft ∙ Built 1972 4 beds 3 baths ∙ 1,782 Sqft ∙ Built 1972
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.81
    •  
  • 3646 Mecklinburg Place Decatur, GA 4
    • 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 1965 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 1965
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.80
    •  
  • 1394 High Meadow Drive Stone Mountain, GA 5
    • 5 beds 4 baths ∙ 2,188 Sqft ∙ Built 1971 5 beds 4 baths ∙ 2,188 Sqft ∙ Built 1971
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.73
    •  
PROPERTY LISTING DETAILS
Stovall Properties Group
1.678.427.1999
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6831808
Last Updated: 02/05/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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