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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $134.42
- 57 Days on Market
- MLS # : 6800590
- Updated Date : 12/15/2020 at 20:37
CONSTRUCTION
- Beds : 3
- Floor Size : 2,231 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Gorgeous home in South Paulding! Great living space on main with two story foyer, separate dining room, spacious eat in kitchen with granite and tile backsplash and open and bright living room with fireplace. The master bedroom is a true retreat with a large sitting room and spa master bath. The master closet is a perfect ten! Spacious secondary bedrooms and secondary bath. The enclosed back porch overlooks the private and fenced backyard. Don't miss out on this one!
SEE MORE
- #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
Zip Code: 30157
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30157
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$265 | |
| Property Insurance | -$70 | |
| HOA | -$15 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$20
|
||
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.
$299,900
PROJECTED PRICE
$1,530
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 9.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| 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
$85,224
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
4.58
YEARS SAVED
$13,881
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,530
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$1,383
COMP ESTIMATED VALUE -
$0.62
COMP AVG. RENT PER SQFT
Comps Range
-
138 Morgan Lake Lane Dallas, GA 3
- 3 beds 3 baths ∙ 2,231 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,231 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,530
- $0.69
-
390 Princeton Drive Dallas, GA 1
- 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 2001
LEASED 02/15/20- Rent
- Rent Per SQFT
- $1,175
- $0.56
-
62 Legend Creek Way Douglasville, GA 2
- 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2004
LEASED 11/12/19- Rent
- Rent Per SQFT
- $1,499
- $0.68
PROPERTY LISTING DETAILS
1.770.318.1920
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6800590
Last Updated: 12/15/2020
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.
