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129 Brockdale Pass Canton, GA 30115

6 Beds 4 Baths 2,772 sqft Built 2008

$424,900

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $153.28
  • 6 Days on Market
  • MLS # : 6801867
  • Updated Date : 10/30/2020 at 08:00
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,772 sqft
  • Baths : 4 full
Listing Agent's Description

UPDATED THROUGHOUT! You're going to love all of the "extra's" this spacious floorplan has to offer! Main Level boasts hardwood flooring, 2 story foyer with separate Dining Room or Living Room or Home Office, complete with built in display shelves! The granite and stainless Kitchen is open to view of the fireside Family Room and has a shiplap sided breakfast bar, walk-in Pantry, ample storage in the cabinetry and a breakfast area with access to the expanded deck ready for grilling/smoking meals. Plenty of natural light from the wall of windows with view into the

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: Harmony on The Lakes Southside

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Harmony on The Lakes Southside

NeighborhoodNIR 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
Indian Knoll Elementary School Primary Regular 1,113 62 6
Dean Rusk Middle School Middle Regular 901 50 7
Sequoyah High School High Regular 1,715 93 8

Indian Knoll Elementary School

  • Education Level: Primary
  • # of students: 1,113
  • # of teachers: 62
6
GreatSchools Rating

Dean Rusk Middle School

  • Education Level: Middle
  • # of students: 901
  • # of teachers: 50
7
GreatSchools Rating

Sequoyah High School

  • Education Level: High
  • # of students: 1,715
  • # of teachers: 93
8
GreatSchools Rating
 

$382,410$467,390$424,900

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,568
Property Tax -$411
Property Insurance -$81
HOA -$58
Property Management Fees -$119
CASH FLOW
$3

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.

$424,900

PROJECTED PRICE

$2,240

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.9%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,349

INVESTMENT

$118,349

Down Payment
$106,225
Rehab Estimate
$5,750
Closing Costs
$6,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,225
Loan Amount $318,675
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$25,064

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,412

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,240
1$2,2402$2,4953$2,595
$2,595
RENT COMPS ANALYSIS
  • 129 Brockdale Pass Canton, GA 1
    • 6 beds 4 baths ∙ 2,772 Sqft ∙ Built 2008 6 beds 4 baths ∙ 2,772 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.81
    •  
  • 665 Lorimore Pass Canton, GA 2
    • 5 beds 4 baths ∙ 2,858 Sqft ∙ Built 2013 5 beds 4 baths ∙ 2,858 Sqft ∙ Built 2013
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.87
    •  
  • 701 Sterling Reserve Canton, GA 3
    • 5 beds 4 baths ∙ 2,997 Sqft ∙ Built 2007 5 beds 4 baths ∙ 2,997 Sqft ∙ Built 2007
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.87
    •  
PROPERTY LISTING DETAILS
Jackie Archer
1.770.335.2797
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6801867
Last Updated: 10/30/2020
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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