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127 Mumsford Court Union City, GA 30291

3 Beds 3 Baths 2,706 sqft Built 2008

$220,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $81.30
  • 3 Days on Market
  • MLS # : 6822928
  • Updated Date : 01/02/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,706 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

This large 3 bedroom, 2.5 bath - Located in the sought after Oakley Township subdivision is immaculate & move-in ready. This traditional craftsman style bungalow beauty features open space of over 2700 sqft, tiled back splash, breakfast bar in the eat-in kitchen, 42" Cabs & Stainless Steel Appliances! Your guest will enjoy A cozy balcony porch off of the guest bdrm! Open Lovely Loft! Also featuring a Lg, private and wooded backyard. This Community is nestled in the suburbs of South Fulton County. Great location! Will not last long!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Oakley Township

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $78k209k

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

Neighborhood: Oakley Township

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8171699

* 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
Oakley Elementary School Primary Regular 816 53 2
Bear Creek Middle School Middle Regular 962 71 4
Creekside High School High Regular 1,635 86 4

Oakley Elementary School

  • Education Level: Primary
  • # of students: 816
  • # of teachers: 53
2
GreatSchools Rating

Bear Creek Middle School

  • Education Level: Middle
  • # of students: 962
  • # of teachers: 71
4
GreatSchools Rating

Creekside High School

  • Education Level: High
  • # of students: 1,635
  • # of teachers: 86
4
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$812
Property Tax -$245
Property Insurance -$79
HOA -$44
Property Management Fees -$119
CASH FLOW
$441

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.

$220,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 6.0%
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$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

12.5

YEARS SAVED

$51,345

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,831

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$1,7653$1,8854$2,035
$2,035
RENT COMPS ANALYSIS
  • 127 Mumsford Court Union City, GA 1
    • 3 beds 3 baths ∙ 2,706 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,706 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.64
    •  
  • 7283 Toccoa Circle Union City, GA 2
    • 4 beds 3 baths ∙ 3,008 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,008 Sqft ∙ Built 2006
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,765
    • $0.59
    •  
  • 7340 Melhana Lane Union City, GA 3
    • 4 beds 3 baths ∙ 2,991 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,991 Sqft ∙ Built 2004
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,885
    • $0.63
    •  
  • 4485 Belcamp Road Fairburn, GA 4
    • 4 beds 3 baths ∙ 2,498 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,498 Sqft ∙ Built 2016
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,035
    • $0.81
    •  
PROPERTY LISTING DETAILS
Yolanda Martin
1.770.490.7368
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6822928
Last Updated: 01/02/2021
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.

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