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1398 Soaring Trail Marietta, GA 30062

4 Beds 3 Baths 2,556 sqft Built 1999

$335,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $131.06
  • 3 Days on Market
  • MLS # : 6815571
  • Updated Date : 12/05/2020 at 08:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,556 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Get ready to celebrate the holidays and start a new year in your immaculate new home in Marietta! You’ll love the updates, including fresh interior paint, newer carpet and upgraded fixtures throughout. Choose the tallest evergreen tree you can find because there is plenty of space for it in the two story living room. Add to the ambiance by turning on the gas fireplace with the flick of a switch and adjust the thermostat with the click of a remote button. Between the formal dining room, breakfast area, and kitchen counter bar, there is enough seating to entertain all of

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MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Eagle Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $103k302k

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

Neighborhood: Eagle Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9731971

* 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
Lockheed Elementary School Primary Charter 955 67 3
Marietta Middle School Middle Charter 1,303 83 5
Marietta High School High Charter 2,061 132 5

Lockheed Elementary School

  • Education Level: Primary
  • # of students: 955
  • # of teachers: 67
3
GreatSchools Rating

Marietta Middle School

  • Education Level: Middle
  • # of students: 1,303
  • # of teachers: 83
5
GreatSchools Rating

Marietta High School

  • Education Level: High
  • # of students: 2,061
  • # of teachers: 132
5
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,236
Property Tax -$330
Property Insurance -$77
HOA -$10
Property Management Fees -$119
CASH FLOW
$229

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.

$335,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 4.9%
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$0.0$5.0k$10k$15k$20k

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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$38,489

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,160

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0003$2,0004$2,0505$2,500
$2,500
RENT COMPS ANALYSIS
  • 1398 Soaring Trail Marietta, GA 3
    • 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.78
    •  
  • 1596 Galewood Circle Marietta, GA 1
    • 4 beds 3 baths ∙ 2,223 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,223 Sqft ∙ Built 1996
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.90
    •  
  • 1453 Brentwood Drive Marietta, GA 2
    • 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 1996
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.76
    •  
  • 1461 Shadowrock Heights Marietta, GA 4
    • 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 1986
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.86
    •  
  • 1399 Prestige Valley Drive Marietta, GA 5
    • 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 1995
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.86
    •  
PROPERTY LISTING DETAILS
Kathryn Harbour Real Estate
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6815571
Last Updated: 12/05/2020
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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