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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $179.24
- 2 Days on Market
- MLS # : 6842578
- Updated Date : 02/20/2021 at 20:18
CONSTRUCTION
- Beds : 3
- Floor Size : 1,450 sqft
- Baths : 2 full
Listing Agent's Description
Beautiful Ranch on 1/2 Acre Corner Lot! Oversized Master Bedroom * 2 Large Secondary Bedrooms * Extra Large Family Room * Spacious Kitchen with LVP flooring * Back Yard is an Entertainer's Dream with a Level Yard, New Deck (Built in 2021) and Firepit Area * Newer HVAC, Hot Water Heater, Roof & Wndows in Bedrooms * This is the Home You Have Been Waiting For!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Trickum Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Trickum Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,470 |
| EXPENSES | Loan Payment | -$903 |
| Property Tax | -$212 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$181
|
||
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.
$259,900
PROJECTED PRICE
$1,470
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$74,624
LOAN DETAILS
$903
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $64,975 |
| Loan Amount | $194,925 |
7.92
YEARS SAVED
$26,655
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 -
$1.01
LIST RENT PER SQFT
-
$1,490
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
128 Trickum Hills Drive Woodstock, GA 2
- 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $1,470
- $1.01
-
2259 Turtle Club Drive Ne Marietta, GA 1
- 3 beds 2 baths ∙ 1,335 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,335 Sqft ∙ Built 1982
LEASED 12/20/19- Rent
- Rent Per SQFT
- $1,400
- $1.05
-
409 Creekside Lane Woodstock, GA 3
- 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 1978
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,500
- $1.01
-
329 Weatherstone Place Woodstock, GA 4
- 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1997
LEASED 07/18/20- Rent
- Rent Per SQFT
- $1,595
- $1.05
-
4999 Turtle Rock Drive Marietta, GA 5
- 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1984
LEASED 02/09/21- Rent
- Rent Per SQFT
- $1,650
- $1.00
PROPERTY LISTING DETAILS
1.678.687.4024
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6842578
Last Updated: 02/20/2021
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.
