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142 Long Leaf Peachtree City, GA 30269

4 Beds 2 Baths 1,900 sqft Built 1985

$274,800

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $144.63
  • 3 Days on Market
  • MLS # : 6839672
  • Updated Date : 02/13/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,900 sqft
  • Baths : 2 full
Listing Agent's Description

Gorgeous updated 4 bedroom 2 bath home, with a loft, and sky lights, in the heart of Peachtree City! With Peachtree City golf cart access. Fully remodeled beautiful kitchen, amazing wood trim details throughout. Brand new fence with solar lighting. Nice yard with a shed. Must see!!!

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

Zip Code: 30269

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k342k

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

Zip Code: 30269

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9732169

* 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
Oak Grove Elementary School Primary Regular 458 37 9
Rising Starr Middle School Middle Regular 956 59 10
Starr's Mill High School High Regular 1,420 87 9

Oak Grove Elementary School

  • Education Level: Primary
  • # of students: 458
  • # of teachers: 37
9
GreatSchools Rating

Rising Starr Middle School

  • Education Level: Middle
  • # of students: 956
  • # of teachers: 59
10
GreatSchools Rating

Starr's Mill High School

  • Education Level: High
  • # of students: 1,420
  • # of teachers: 87
9
GreatSchools Rating
 

$247,320$302,280$274,800

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$954
Property Tax -$261
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
$522

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.

$274,800

PROJECTED PRICE

$1,920

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.7%
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$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,572

INVESTMENT

$78,572

Down Payment
$68,700
Rehab Estimate
$5,750
Closing Costs
$4,122

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$954

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,700
Loan Amount $206,100
See What Happens When You Reinvest Cash Flow

13.67

YEARS SAVED

$61,450

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,919

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,920
1$1,9202$1,9503$2,100
$2,100
RENT COMPS ANALYSIS
  • 142 Long Leaf Peachtree City, GA 1
    • 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $1.01
    •  
  • 102 Cornflower Court Peachtree City, GA 2
    • 4 beds 2 baths ∙ 1,987 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,987 Sqft ∙ Built 1977
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.98
    •  
  • 110 Terrace Tay Peachtree City, GA 3
    • 4 beds 3 baths ∙ 2,021 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,021 Sqft ∙ Built 1984
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.04
    •  
PROPERTY LISTING DETAILS
Cris Lemanski
1.404.725.3501
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6839672
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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