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1289 Skyview Circle Mableton, GA 30126

3 Beds 2 Baths 1,156 sqft Built 1962

$150,000

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $129.76
  • 7 Days on Market
  • MLS # : 6822071
  • Updated Date : 12/30/2020 at 12:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,156 sqft
  • Baths : 1 full , 1 half
Listing Agent's Description

Beautiful 3 bed 1.5 bath ranch sits on a huge corner lot, nestled in a quiet serene established neighborhood in Mableton Ga. This home offers an abundance of natural lighting. This home is equipped with gently used systems!! That's right the Hvac system and furnace is less than 1 year old! With a roof thats barely 10 years old. This home is a great investment oppotunity in need of a little tlc. This home is just minutes from shopping and dining. Hurry in this home won't last!! This home is Sold As Is. Motivated Seller!! Due to Covid we ask that all visitors wear a mask.

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MARKET HIGHLIGHTS

  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 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)
  • 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Neighborhood: Skyview Heights

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $67k231k

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

Neighborhood: Skyview Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7241561

* 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
Mableton Elementary School Primary Regular 972 67 4
Garrett Middle School Middle Regular 831 51 5
Pebblebrook High School High Regular 2,289 120 3

Mableton Elementary School

  • Education Level: Primary
  • # of students: 972
  • # of teachers: 67
4
GreatSchools Rating

Garrett Middle School

  • Education Level: Middle
  • # of students: 831
  • # of teachers: 51
5
GreatSchools Rating

Pebblebrook High School

  • Education Level: High
  • # of students: 2,289
  • # of teachers: 120
3
GreatSchools Rating
 

$135,000$165,000$150,000

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$553
Property Tax -$135
Property Insurance -$50
Property Management Fees -$119
CASH FLOW
$353

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$150,000

PROJECTED PRICE

$1,210

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 5.9%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k$450k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,500

INVESTMENT

$45,500

Down Payment
$37,500
Rehab Estimate
$5,750
Closing Costs
$2,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$553

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $37,500
Loan Amount $112,500
See What Happens When You Reinvest Cash Flow

13.92

YEARS SAVED

$40,061

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,210

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,032

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,175
1$1,1752$1,2003$1,2104$1,3005$1,350
$1,350
RENT COMPS ANALYSIS
  • 1289 Skyview Circle Mableton, GA 3
    • 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $1.05
    •  
  • 1911 Silver Creek Drive Austell, GA 1
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1964
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.87
    •  
  • 5168 Mable Lake Drive Sw Mableton, GA 2
    • 4 beds 2 baths ∙ 1,380 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,380 Sqft ∙ Built 1958
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.87
    •  
  • 6111 Thunderwood Road Sw Mableton, GA 4
    • 3 beds 3 baths ∙ 1,411 Sqft ∙ Built 1961 3 beds 3 baths ∙ 1,411 Sqft ∙ Built 1961
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.92
    •  
  • 2125 Perkerson Mill Road Austell, GA 5
    • 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1959
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.91
    •  
PROPERTY LISTING DETAILS
Rommecia Alexander
1.404.916.9848
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6822071
Last Updated: 12/30/2020
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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