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128 Aucilla Lane Woodstock, GA 30188

3 Beds 3 Baths 1,974 sqft Built 1999

$290,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $146.91
  • 5 Days on Market
  • MLS # : 6803692
  • Updated Date : 11/02/2020 at 14:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,974 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

JUST PAINTED - This updated 3BR/2.5BA Traditional is on a quiet street. 2 story great room features an amazing fireplace and 2 story windows for lots of natural light.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: The Park at Kingsgate

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $103k253k

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

Neighborhood: The Park at Kingsgate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550160016501700Rent in $9731704

* 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
Little River Elementary School Primary Regular 1,446 80 6
Mill Creek Middle School Middle Regular 1,284 72 7
River Ridge High School High Regular 1,601 88 8

Little River Elementary School

  • Education Level: Primary
  • # of students: 1,446
  • # of teachers: 80
6
GreatSchools Rating

Mill Creek Middle School

  • Education Level: Middle
  • # of students: 1,284
  • # of teachers: 72
7
GreatSchools Rating

River Ridge High School

  • Education Level: High
  • # of students: 1,601
  • # of teachers: 88
8
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,070
Property Tax -$210
Property Insurance -$65
HOA -$38
Property Management Fees -$119
CASH FLOW
$299

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.

$290,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$47,201

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,880

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,785
1$1,7852$1,8003$1,8004$1,8355$1,880
$1,880
RENT COMPS ANALYSIS
  • 128 Aucilla Lane Woodstock, GA 3
    • 3 beds 3 baths ∙ 1,974 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,974 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.91
    •  
  • 402 Citronelle Drive Woodstock, GA 1
    • 3 beds 3 baths ∙ 1,974 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,974 Sqft ∙ Built 2000
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.90
    •  
  • 602 Dahoma Trail Woodstock, GA 2
    • 3 beds 3 baths ∙ 1,974 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,974 Sqft ∙ Built 2000
    property image
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.91
    •  
  • 410 Citronelle Drive Woodstock, GA 4
    • 3 beds 3 baths ∙ 1,855 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,855 Sqft ∙ Built 1999
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.99
    •  
  • 1033 Dunedin Trail Woodstock, GA 5
    • 3 beds 3 baths ∙ 1,855 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,855 Sqft ∙ Built 2000
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $1.01
    •  
PROPERTY LISTING DETAILS
Danielle Ross
1.404.210.8626
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6803692
Last Updated: 11/02/2020
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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