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PROPERTY INFO
FACTS
- Single Family
- Built In 1961
- Price/Sqft : $159.38
- 2 Days on Market
- MLS # : 6819486
- Updated Date : 12/19/2020 at 19:45
CONSTRUCTION
- Beds : 3
- Floor Size : 1,600 sqft
- Baths : 2 full
Listing Agent's Description
Must see this charming Hm nestled on a private lot with stone fire pit. Updated kitchen with stn stl appliances.Hardwoods throughout main floors and some new flooring in the basement. Basement approximately an additional 1200 sq ft used as a private master suite with two wk in closets,full bath,plus TV room and exercise room.This home is truly one of a kind! Close proximity to the Braves stadium, Silver Comet Trail, Nickajack Park,Grocery stores and restaurants. Just 10 to 15 minutes drive to Cumberland Mall. Hurry because this home will not last long on the market!
SEE MORE
- 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)
- As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 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)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- #1 Moving Destination in the Nation (Penske, 2018)
PRICE & RENT TRENDS
Neighborhood: Cooper Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cooper Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,410 |
| EXPENSES | Loan Payment | -$941 |
| Property Tax | -$225 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$67
|
||
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.
$255,000
PROJECTED PRICE
$1,410
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 5.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$73,325
LOAN DETAILS
$941
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $63,750 |
| Loan Amount | $191,250 |
5.67
YEARS SAVED
$19,213
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,410
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,352
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
142 Douglas Drive Se Mableton, GA 2
- 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1961
![property image]()
- Rent
- Rent Per SQFT
- $1,410
- $0.88
-
520 Shannon Green Circle Mableton, GA 1
- 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1974
![property image]()
LEASED 07/12/20- Rent
- Rent Per SQFT
- $1,400
- $0.84
-
5630 N Allen Road Se Mableton, GA 3
- 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 1981
![property image]()
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,430
- $0.85
PROPERTY LISTING DETAILS
1.404.399.6790
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6819486
Last Updated: 12/19/2020
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.
