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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $125.27
- 4 Days on Market
- MLS # : 6812826
- Updated Date : 11/28/2020 at 20:32
CONSTRUCTION
- Beds : 4
- Floor Size : 2,754 sqft
- Baths : 3 full
Listing Agent's Description
Conveniently located, between Grayson & Scenic Highway, this beautiful home is close to shopping, dining, parks, and schools (Grayson High School cluster). Brick and stone accents on a basement, 4beds 3 baths with catwalk overlooking great family room. Welcoming 2 story foyer with hardwoods. Large owner’s suite featuring a deluxe owner’s bathroom with garden tub and huge walk-in closet. Gourmet kitchen with island featuring granite and tile backsplash, adjacent family room with fireplace. There also is bedroom and full bath on main.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 30017
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30017
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,960 |
| EXPENSES | Loan Payment | -$1,273 |
| Property Tax | -$355 | |
| Property Insurance | -$80 | |
| HOA | -$25 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$108
|
||
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.
$345,000
PROJECTED PRICE
$1,960
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 6.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| 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
$97,175
LOAN DETAILS
$1,273
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
6.42
YEARS SAVED
$30,140
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,960
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$1,769
COMP ESTIMATED VALUE -
$0.64
COMP AVG. RENT PER SQFT
Comps Range
-
1286 Blue Sail Avenue Grayson, GA 5
- 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 2013
- Rent
- Rent Per SQFT
- $1,960
- $0.71
-
1890 Cooper Lakes Drive Grayson, GA 1
- 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 2005
LEASED 11/17/20- Rent
- Rent Per SQFT
- $1,695
- $0.63
-
1909 Cooper Lakes Drive Grayson, GA 2
- 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 2005
LEASED 01/20/20- Rent
- Rent Per SQFT
- $1,700
- $0.66
-
1131 Sonoma Drive Lawrenceville, GA 3
- 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2015
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,700
- $0.65
-
1156 Blue Sail Avenue Grayson, GA 4
- 5 beds 3 baths ∙ 2,925 Sqft ∙ Built 2012 5 beds 3 baths ∙ 2,925 Sqft ∙ Built 2012
LEASED 04/24/20- Rent
- Rent Per SQFT
- $1,850
- $0.63
PROPERTY LISTING DETAILS
1.678.707.2498
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6812826
Last Updated: 11/28/2020
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.
