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142 Pinebrook Drive Waleska, GA 30183

2 Beds 2 Baths 1,260 sqft Built 2020

$244,900

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $194.37
  • 2 Days on Market
  • MLS # : 6806100
  • Updated Date : 11/07/2020 at 16:50
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,260 sqft
  • Baths : 2 full
Listing Agent's Description

***FANTASTIC NEW CONSTRUCTION!, 2 Bed 2 Bath Ranch w/Rear Patio Designed to Provide Breathtaking Views of the Mountainside. Open Floor Plan Showcases Spacious Chef's Dream Kitchen w/Stainless Steel Whirlpool Appliances, & Granite Counters That Flows Into Family Room & Dining. Professional Landscaping and Majestic Views All Around!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Lake Arrowhead

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320kPrice in $79k321k

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

Neighborhood: Lake Arrowhead

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8852009

* 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
R. M. Moore Elementary School Primary Regular 430 30 6
R. M. Moore Elementary School Middle Regular 430 30 6
Cherokee High School High Regular 2,378 135 6

R. M. Moore Elementary School

  • Education Level: Primary
  • # of students: 430
  • # of teachers: 30
6
GreatSchools Rating

R. M. Moore Elementary School

  • Education Level: Middle
  • # of students: 430
  • # of teachers: 30
6
GreatSchools Rating

Cherokee High School

  • Education Level: High
  • # of students: 2,378
  • # of teachers: 135
6
GreatSchools Rating
 

$220,410$269,390$244,900

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$904
Property Tax -$200
Property Insurance -$52
HOA -$178
Property Management Fees -$119
CASH FLOW
-$22

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$244,900

PROJECTED PRICE

$1,430

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 3.00%
Vacancy 7.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,899

INVESTMENT

$66,899

Down Payment
$61,225
Rehab Estimate
$2,000
Closing Costs
$3,674

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,225
Loan Amount $183,675
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$11,388

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,613

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,430
$1,430
RENT COMPS ANALYSIS
  • 142 Pinebrook Drive Waleska, GA 2
    • 2 beds 2 baths ∙ 1,260 Sqft ∙ Built 2020 2 beds 2 baths ∙ 1,260 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $1.13
    •  
  • 196 Lakeside Drive Waleska, GA 1
    • 2 beds 2 baths ∙ 1,094 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,094 Sqft ∙ Built 2000
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.28
    •  
PROPERTY LISTING DETAILS
Patricia Wilson
1.704.575.1605
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6806100
Last Updated: 11/07/2020
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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