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1286 Blue Sail Avenue Grayson, GA 30017

4 Beds 3 Baths 2,754 sqft Built 2013

$345,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Zip Code: 30017

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Starling Elementary School Primary Regular 995 60 9
Couch Middle School Middle Regular 996 52 9
Grayson High School High Regular 2,767 155 7

Starling Elementary School

  • Education Level: Primary
  • # of students: 995
  • # of teachers: 60
9
GreatSchools Rating

Couch Middle School

  • Education Level: Middle
  • # of students: 996
  • # of teachers: 52
9
GreatSchools Rating

Grayson High School

  • Education Level: High
  • # of students: 2,767
  • # of teachers: 155
7
GreatSchools Rating
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

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
$1,695
1$1,6952$1,7003$1,7004$1,8505$1,960
$1,960
RENT COMPS ANALYSIS
  • 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
Tuy Dewey Luong
1.678.707.2498
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6812826
Last Updated: 11/28/2020
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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