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1321 Amberwood Drive Woodstock, GA 30189

5 Beds 4 Baths 2,498 sqft Built 1991

$410,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $164.13
  • 4 Days on Market
  • MLS # : 6829601
  • Updated Date : 01/22/2021 at 08:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,498 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Enjoy the Country Club life while living minutes away from shopping, dining, downtown Woodstock, and Cherokee County schools. With granite counters, new carpet, fresh paint, and an open floor plan, there's not much more you could ask for! 4 bedrooms upstairs with 2 baths; 1 bedroom in the basement with a full bath; dark hardwoods throughout the main. Partial finished basement with space for in-laws and a workshop! The Eagle Watch community boasts a golf course, two pools, a park, numerous tennis courts, and more.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 2018)

PRICE & RENT TRENDS

Neighborhood: Eagle Watch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k359k

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

Neighborhood: Eagle Watch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9732109

* 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
Bascomb Elementary School Primary Regular 1,038 56 9
E.t. Booth Middle School Middle Regular 1,692 91 8
Etowah High School High Regular 2,411 125 8

Bascomb Elementary School

  • Education Level: Primary
  • # of students: 1,038
  • # of teachers: 56
9
GreatSchools Rating

E.t. Booth Middle School

  • Education Level: Middle
  • # of students: 1,692
  • # of teachers: 91
8
GreatSchools Rating

Etowah High School

  • Education Level: High
  • # of students: 2,411
  • # of teachers: 125
8
GreatSchools Rating
 

$369,000$451,000$410,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,424
Property Tax -$334
Property Insurance -$75
HOA -$68
Property Management Fees -$119
CASH FLOW
-$51

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.

$410,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.6%
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-$5.0k$0.0$5.0k$10k$15k

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$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$16,229

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,886

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,720
1$1,7202$1,7753$1,9054$1,9255$1,970
$1,970
RENT COMPS ANALYSIS
  • 1321 Amberwood Drive Woodstock, GA 5
    • 5 beds 4 baths ∙ 2,498 Sqft ∙ Built 1991 5 beds 4 baths ∙ 2,498 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.79
    •  
  • 4011 Watkins Glen Drive Woodstock, GA 1
    • 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 1990
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.68
    •  
  • 7119 Big Woods Drive Woodstock, GA 2
    • 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 1994
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.72
    •  
  • 4005 Watkins Glen Drive Woodstock, GA 3
    • 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 1990
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,905
    • $0.79
    •  
  • 408 Summerchase Way Woodstock, GA 4
    • 4 beds 3 baths ∙ 2,326 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,326 Sqft ∙ Built 1991
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.83
    •  
PROPERTY LISTING DETAILS
Eric Burns
1.404.645.3356
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6829601
Last Updated: 01/22/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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