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PROPERTY INFO
FACTS
- Single Family
- Built In 1961
- Price/Sqft : $135.08
- 3 Days on Market
- MLS # : 6820203
- Updated Date : 12/19/2020 at 08:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,850 sqft
- Baths : 2 full
Listing Agent's Description
Charming FOUR SIDED BRICK RANCH. Hardwood floors throughout. Great home with lots of space. 3BR/2Baths plus oversized Formal Living Room and Dining Room. Home also has generous sized Family room with Masonry Fireplace. Open Kitchen plan with bar and eat-n area. Excellent level yard with lots of flowering trees. Additional workshop area as well. This home is so well constructed. It is in a great location right off Windy Hill. This is the perfect home for a Family or someone wanting a level ranch. Great Price!
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Neighborhood: Labelle Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Labelle Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$396 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$100
|
||
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.
$249,900
PROJECTED PRICE
$1,600
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 8.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.60% |
| 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
$71,974
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,475 |
| Loan Amount | $187,425 |
4.67
YEARS SAVED
$14,119
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,739
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
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13 Larose Drive Marietta, GA 4
- 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1961
- Rent
- Rent Per SQFT
- $1,600
- $0.86
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2180 Twilley Circle Sw Marietta, GA 1
- 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1965
LEASED 08/02/19- Rent
- Rent Per SQFT
- $1,445
- $0.91
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2502 Rockin Hill Lane Sw Marietta, GA 2
- 4 beds 3 baths ∙ 1,714 Sqft ∙ Built 1957 4 beds 3 baths ∙ 1,714 Sqft ∙ Built 1957
LEASED 09/11/20- Rent
- Rent Per SQFT
- $1,595
- $0.93
-
370 Floyd Street Smyrna, GA 3
- 3 beds 3 baths ∙ 1,554 Sqft ∙ Built 1955 3 beds 3 baths ∙ 1,554 Sqft ∙ Built 1955
LEASED 11/07/19- Rent
- Rent Per SQFT
- $1,600
- $1.03
-
3008 Nursery Road Smyrna, GA 5
- 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1963
LEASED 10/28/19- Rent
- Rent Per SQFT
- $1,700
- $0.89
PROPERTY LISTING DETAILS
1.770.886.9000
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6820203
Last Updated: 12/19/2020
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.
