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1274 Murdock Road Marietta, GA 30062

4 Beds 3 Baths 2,302 sqft Built 1972

$349,900

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $152.00
  • 86 Days on Market
  • MLS # : 6789766
  • Updated Date : 01/08/2021 at 18:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,302 sqft
  • Baths : 3 full
Listing Agent's Description

Come and take a look at this 4 bedroom and 3 bathroom home in Marietta that is just begging for new owners. A long driveway leads up to the home, but enter and you are greeted with a spacious living area as well as a formal dining room with a gorgeous chandelier. The galley-style kitchen has a cute breakfast nook and matching appliances. The primary bedroom is very spacious and offers an attached bathroom with plenty of counter space and a walk-in closet. Don't forget about the sunroom for lounging around the weather turns mild!

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: Roswell Downs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k350k

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

Neighborhood: Roswell Downs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9732209

* 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
East Side Elementary School Primary Regular 1,245 72 9
Dodgen Middle School Middle Regular 1,226 69 10
Walton High School High Charter 2,674 139 9

East Side Elementary School

  • Education Level: Primary
  • # of students: 1,245
  • # of teachers: 72
9
GreatSchools Rating

Dodgen Middle School

  • Education Level: Middle
  • # of students: 1,226
  • # of teachers: 69
10
GreatSchools Rating

Walton High School

  • Education Level: High
  • # of students: 2,674
  • # of teachers: 139
9
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,215
Property Tax -$554
Property Insurance -$72
HOA -$44
Property Management Fees -$119
CASH FLOW
-$14

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.

$349,900

PROJECTED PRICE

$1,990

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.6%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$12,989

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,152

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,990
1$1,9902$2,1003$2,1854$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 1274 Murdock Road Marietta, GA 1
    • 5 beds 3 baths ∙ 2,302 Sqft ∙ Built 1972 5 beds 3 baths ∙ 2,302 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.86
    •  
  • 1017 Hidden Hollow Drive Marietta, GA 2
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 1979
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
  • 1415 Hialeah Court Marietta, GA 3
    • 4 beds 4 baths ∙ 2,307 Sqft ∙ Built 1974 4 beds 4 baths ∙ 2,307 Sqft ∙ Built 1974
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,185
    • $0.95
    •  
  • 3185 Wicks Creek Trail Marietta, GA 4
    • 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 1984
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.88
    •  
  • 1527 Brookcliff Circle Marietta, GA 5
    • 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 1983
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.98
    •  
PROPERTY LISTING DETAILS
Michelle Sanders
1.678.884.7933
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6789766
Last Updated: 01/08/2021
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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