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1346 Sandtown Green Marietta, GA 30008

3 Beds 3 Baths 2,062 sqft Built 2013

INVESTimate

$287,900

List Price

$1,600

$1,440 - $1,760

Rent Est.

$315,020  ( +9.42%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2013
  • Price/Sqft : $139.62
  • 42 Days on Market
  • MLS # : 6746990
  • Updated Date : 08/24/2020 at 12:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,062 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

LOCATION! LOCATION! LOCATION! Minutes from Marietta Square, The Battery, Truist Park (Atlanta Braves), I-75, I-285, shops, restaurants & more. This lovely well-maintained, 2-story home with 3BRs in a gated community is waiting for you! It offers an open floorplan & family room with gas starter fireplace. The large owner's suite features a double vanity, sep shower, soaker tub and large walk-in closet. A private backyard & 2-car garage round out the list of amazing features of your new home. HOA covers all lawn maintenance, water and entry gate. Schedule a private tour

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: Sandtown Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $82k282k

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

Neighborhood: Sandtown Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8171903

* 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
Dunleith Elementary School Primary Charter 756 54 4
Marietta Middle School Middle Charter 1,303 83 5
Marietta High School High Charter 2,061 132 5

Dunleith Elementary School

  • Education Level: Primary
  • # of students: 756
  • # of teachers: 54
4
GreatSchools Rating

Marietta Middle School

  • Education Level: Middle
  • # of students: 1,303
  • # of teachers: 83
5
GreatSchools Rating

Marietta High School

  • Education Level: High
  • # of students: 2,061
  • # of teachers: 132
5
GreatSchools Rating
 

$259,110$316,690$287,900

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,062
Property Tax -$273
Property Insurance -$67
HOA -$170
Property Management Fees -$119
CASH FLOW
-$92

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.

$287,900

PROJECTED PRICE

$1,600

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 9.42%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,044

INVESTMENT

$82,044

Down Payment
$71,975
Rehab Estimate
$5,750
Closing Costs
$4,319

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,062

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,975
Loan Amount $215,925
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$3,880

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
  • $0.78

    LIST RENT PER SQFT
  • $1,598

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,4953$1,4954$1,6005$1,660
$1,660
RENT COMPS ANALYSIS
  • 1346 Sandtown Green Marietta, 4
    • 3 beds 3 baths ∙ 2,062 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,062 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.78
    •  
  • 204 Summer Mist Court Sw Marietta, GA 1
    • 3 beds 3 baths ∙ 1,733 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,733 Sqft ∙ Built 1995
    property image
    LEASED 01/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.75
    •  
  • 2178 Windstream Lane Sw Marietta, 2
    • 3 beds 3 baths ∙ 1,801 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,801 Sqft ∙ Built 1996
    property image
    LEASED 01/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.83
    •  
  • 751 Reeves Lake Drive Sw Marietta, 3
    • 3 beds 3 baths ∙ 1,858 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,858 Sqft ∙ Built 1998
    property image
    LEASED 04/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.80
    •  
  • 1975 Ridgestone Run Sw Marietta, 5
    • 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 2001
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.72
    •  
PROPERTY LISTING DETAILS
Parris Mitchell
1.404.488.9312
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6746990
Last Updated: 08/24/2020
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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