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1442 Baron Court Stone Mountain, GA 30087

4 Beds 3 Baths 2,631 sqft Built 1976

$313,900

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $119.31
  • 6 Days on Market
  • MLS # : 6818212
  • Updated Date : 12/12/2020 at 16:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,631 sqft
  • Baths : 3 full
Listing Agent's Description

Tired of seeing the same cookie cutter houses over and over? This custom home on a quiet cul-de-sac will surely check all the unique qualities on your wishlist -- just in time for the New Year! This renovated home has all the conveniences of ranch style living with the added bonus of an additional master suite upstairs. Be prepared to call this "Home" the moment you pull into the driveway and see the large lot, beautiful stone facade, freshly painted cedar siding and decorative windows. That's just the beginning of what makes this home so appealing. Step through the

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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

Neighborhood: Mountain Park

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $89k321k

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

Neighborhood: Mountain Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9082009

* 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
Mountain Park Elementary School Primary Regular 596 36 7
Trickum Middle School Middle Regular 1,987 108 8
Parkview High School High Regular 2,834 152 8

Mountain Park Elementary School

  • Education Level: Primary
  • # of students: 596
  • # of teachers: 36
7
GreatSchools Rating

Trickum Middle School

  • Education Level: Middle
  • # of students: 1,987
  • # of teachers: 108
8
GreatSchools Rating

Parkview High School

  • Education Level: High
  • # of students: 2,834
  • # of teachers: 152
8
GreatSchools Rating
 

$282,510$345,290$313,900

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,158
Property Tax -$454
Property Insurance -$78
Property Management Fees -$119
CASH FLOW
-$59

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.

$313,900

PROJECTED PRICE

$1,750

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 9.1%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$88,934

INVESTMENT

$88,934

Down Payment
$78,475
Rehab Estimate
$5,750
Closing Costs
$4,709

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,158

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,475
Loan Amount $235,425
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$12,093

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,903

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7503$1,9004$2,000
$2,000
RENT COMPS ANALYSIS
  • 1442 Baron Court Stone Mountain, GA 2
    • 4 beds 3 baths ∙ 2,631 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,631 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.67
    •  
  • 537 Rollingwood Drive Stone Mountain, GA 1
    • 3 beds 2 baths ∙ 2,323 Sqft ∙ Built 1973 3 beds 2 baths ∙ 2,323 Sqft ∙ Built 1973
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.73
    •  
  • 1651 Howell Highlands Drive Stone Mountain, GA 3
    • 4 beds 3 baths ∙ 2,976 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,976 Sqft ∙ Built 1979
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.64
    •  
  • 5502 Leather Stocking Lane Smoke Rise, GA 4
    • 4 beds 3 baths ∙ 2,511 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,511 Sqft ∙ Built 1965
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.80
    •  
PROPERTY LISTING DETAILS
Joshua Wallace
1.678.591.9245
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6818212
Last Updated: 12/12/2020
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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