Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1390 Cornerstone Place Tucker, GA 30084

3 Beds 4 Baths 2,051 sqft Built 1994

$313,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $152.61
  • 5 Days on Market
  • MLS # : 6835347
  • Updated Date : 02/04/2021 at 08:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,051 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

This Tucker two-story home offers quartz countertops and a two-car garage. This home is vacant and cleaned regularly.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • 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: 30084

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $103k243k

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

Zip Code: 30084

ZipNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9731643

* 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
Nesbit Elementary School Primary Regular 2,182 145 5
Lilburn Middle School Middle Regular 1,790 102 5
Meadowcreek High School High Regular 3,548 172 3

Nesbit Elementary School

  • Education Level: Primary
  • # of students: 2,182
  • # of teachers: 145
5
GreatSchools Rating

Lilburn Middle School

  • Education Level: Middle
  • # of students: 1,790
  • # of teachers: 102
5
GreatSchools Rating

Meadowcreek High School

  • Education Level: High
  • # of students: 3,548
  • # of teachers: 172
3
GreatSchools Rating
 

$281,700$344,300$313,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,087
Property Tax -$313
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
$54

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.

$313,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$88,695

INVESTMENT

$88,695

Down Payment
$78,250
Rehab Estimate
$5,750
Closing Costs
$4,695

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,087

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,250
Loan Amount $234,750
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$16,714

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,764

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,640
1$1,6402$1,6503$1,7004$1,8005$1,950
$1,950
RENT COMPS ANALYSIS
  • 1390 Cornerstone Place Tucker, GA 1
    • 3 beds 4 baths ∙ 2,051 Sqft ∙ Built 1994 3 beds 4 baths ∙ 2,051 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.80
    •  
  • 4528 Britt Road Tucker, GA 2
    • 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1987
    LEASED 08/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 607 Grey Rock Road Norcross, GA 3
    • 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 2000
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.88
    •  
  • 807 Williams View Court Norcross, GA 4
    • 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2010
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.83
    •  
  • 1002 Gunners Walk Tucker, GA 5
    • 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 1984
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.83
    •  
PROPERTY LISTING DETAILS
Kim Klir
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6835347
Last Updated: 02/04/2021
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.

BESbswy