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1382 Chatley Way Woodstock, GA 30188

4 Beds 2 Baths 2,006 sqft Built 1990

$289,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $144.07
  • 3 Days on Market
  • MLS # : 6831057
  • Updated Date : 02/13/2021 at 13:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,006 sqft
  • Baths : 2 full
Listing Agent's Description

Updated 3/2 just minutes to downtown Woodstock, restaurants, shopping and 575. New roof, new floors on main, new quartz countertops and newer SS appliances. Spacious bedrooms with walk in closet in master and updated bathrooms. Sun porch is open to kitchen and great for entertaining and enjoying summer nights. Updated fireplace with new mantle. Fenced yard and large garage with work bench and storage cabinets. Finished basement can be used for a bedroom, office or gym. Active HOA with swim, tennis, playground and social events throughout the year.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Wellington Manor

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Wellington Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9602009

* 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
Little River Elementary School Primary Regular 1,446 80 6
Mill Creek Middle School Middle Regular 1,284 72 7
River Ridge High School High Regular 1,601 88 8

Little River Elementary School

  • Education Level: Primary
  • # of students: 1,446
  • # of teachers: 80
6
GreatSchools Rating

Mill Creek Middle School

  • Education Level: Middle
  • # of students: 1,284
  • # of teachers: 72
7
GreatSchools Rating

River Ridge High School

  • Education Level: High
  • # of students: 1,601
  • # of teachers: 88
8
GreatSchools Rating
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,004
Property Tax -$236
Property Insurance -$66
HOA -$49
Property Management Fees -$119
CASH FLOW
$226

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.

$289,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.9%
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

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,004

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

8.75

YEARS SAVED

$34,811

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,820

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,7003$1,7254$1,8245$1,935
$1,935
RENT COMPS ANALYSIS
  • 1382 Chatley Way Woodstock, GA 2
    • 4 beds 2 baths ∙ 2,006 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,006 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.85
    •  
  • 161 Bentley Parkway Woodstock, GA 1
    • 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1993
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.98
    •  
  • 5215 Willow Creek Overlook Woodstock, GA 3
    • 3 beds 3 baths ∙ 2,032 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,032 Sqft ∙ Built 1987
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.85
    •  
  • 1022 Washington Avenue Woodstock, GA 4
    • 3 beds 2 baths ∙ 1,935 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,935 Sqft ∙ Built 1973
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,824
    • $0.94
    •  
  • 4969 Willow Creek Drive Woodstock, GA 5
    • 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 1987
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,935
    • $0.86
    •  
PROPERTY LISTING DETAILS
Megan Chastain
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6831057
Last Updated: 02/13/2021
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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