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135 Bon Ami Court Fayetteville, GA 30214

3 Beds 3 Baths 2,579 sqft Built 1979

$329,900

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $127.92
  • 6 Days on Market
  • MLS # : 6805470
  • Updated Date : 11/06/2020 at 08:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,579 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Enjoy culdesac living in one of the most desired, well established neighborhoods in North Fayette! This home is conveniently located just 25 minutes to downtown Atlanta and 15 minutes to Hartsfield Jackson International Airport and just a short drive to the Fayette Pavilion. This beautiful, well maintained home has a long private drive that opens up to a 4 sided brick home with over-sized two car garage. Entertaining is easy in the large sun room overlooking the back deck. Home has new flooring including laminate and carpet.

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

Zip Code: 30214

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Zip Code: 30214

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9592009

* 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
North Fayette Elementary School Primary Regular 586 40 7
Flat Rock Middle School Middle Regular 773 50 8
Sandy Creek High School High Regular 1,192 79 7

North Fayette Elementary School

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 40
7
GreatSchools Rating

Flat Rock Middle School

  • Education Level: Middle
  • # of students: 773
  • # of teachers: 50
8
GreatSchools Rating

Sandy Creek High School

  • Education Level: High
  • # of students: 1,192
  • # of teachers: 79
7
GreatSchools Rating
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,217
Property Tax -$286
Property Insurance -$77
HOA -$19
Property Management Fees -$119
CASH FLOW
$172

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.

$329,900

PROJECTED PRICE

$1,890

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 7.6%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$37,262

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,037

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,880
1$1,8802$1,890
$1,890
RENT COMPS ANALYSIS
  • 135 Bon Ami Court Fayetteville, GA 2
    • 3 beds 3 baths ∙ 2,579 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,579 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.73
    •  
  • 350 N Fayette Drive Fayetteville, GA 1
    • 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1983
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.79
    •  
PROPERTY LISTING DETAILS
Jeff Grubbs
1.678.409.4546
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6805470
Last Updated: 11/06/2020
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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