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1362 Churchill Way Marietta, GA 30062

4 Beds 3 Baths 2,264 sqft Built 1977

$414,900

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $183.26
  • 4 Days on Market
  • MLS # : 6823680
  • Updated Date : 01/08/2021 at 09:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,264 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautiful two-story traditional home on private cul de sac. Home features spacious family, living and dining rooms. Site finished oak hardwood floors throughout the foyer, kitchen and breakfast room. Granite counters in kitchen and powder room. Spacious kitchen with stainless steel appliances, undermounted sink and spacious breakfast room with French doors to covered screened porch. Porch attached to rear deck that overlooks huge level yard. Property backs up to acres of flood plain that will never be developed, home and lot not in flood plain.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 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)
  • 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 has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Neighborhood: Roswell Downs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k350k

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

Neighborhood: Roswell Downs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9732209

* 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
East Side Elementary School Primary Regular 1,245 72 9
Dodgen Middle School Middle Regular 1,226 69 10
Walton High School High Charter 2,674 139 9

East Side Elementary School

  • Education Level: Primary
  • # of students: 1,245
  • # of teachers: 72
9
GreatSchools Rating

Dodgen Middle School

  • Education Level: Middle
  • # of students: 1,226
  • # of teachers: 69
10
GreatSchools Rating

Walton High School

  • Education Level: High
  • # of students: 2,674
  • # of teachers: 139
9
GreatSchools Rating
 

$373,410$456,390$414,900

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,441
Property Tax -$657
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
-$88

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.

$414,900

PROJECTED PRICE

$2,200

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.6%
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$115,699

INVESTMENT

$115,699

Down Payment
$103,725
Rehab Estimate
$5,750
Closing Costs
$6,224

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,725
Loan Amount $311,175
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$11,252

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,196

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1853$2,2004$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 1362 Churchill Way Marietta, GA 4
    • 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.97
    •  
  • 1017 Hidden Hollow Drive Marietta, GA 1
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 1979
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
  • 1415 Hialeah Court Marietta, GA 2
    • 4 beds 4 baths ∙ 2,307 Sqft ∙ Built 1974 4 beds 4 baths ∙ 2,307 Sqft ∙ Built 1974
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,185
    • $0.95
    •  
  • 1158 Manor Crest Court Ne Marietta, GA 3
    • 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 1994
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.02
    •  
  • 1527 Brookcliff Circle Marietta, GA 5
    • 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 1983
    property image
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.98
    •  
PROPERTY LISTING DETAILS
Michael Daugherty
1.404.388.6960
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6823680
Last Updated: 01/08/2021
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. © 2017 First Multiple Listing Service, Inc.

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