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146 Camp Creek Drive Stockbridge, GA 30281

3 Beds 2 Baths 1,972 sqft Built 1990

$231,900

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $117.60
  • 5 Days on Market
  • MLS # : 6854861
  • Updated Date : 03/18/2021 at 17:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,972 sqft
  • Baths : 2 full
Listing Agent's Description

This 3 bedroom, 2 bathroom is a rewarding escape situated amongst verdant surroundings. The entryway welcomes you into a spacious living room dressed in hardwood flooring and centered by a manteled fireplace. The adjoining kitchen, equipped with stainless steel appliances and tile flooring, leads to a private deck. The primary bedroom enjoys an expansive walk-in closet and an en-suite bathroom. Additional features include a 2 car garage and an unfinished basement. This home is located in a great school district. Enjoy easy access to HWY 155.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Camp Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $98k321k

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

Neighborhood: Camp Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8622009

* 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
Pleasant Grove Elementary School Primary Regular 445 33 5
Woodland Middle School Middle Regular 764 44 5
Woodland High School High Regular 1,531 83 6

Pleasant Grove Elementary School

  • Education Level: Primary
  • # of students: 445
  • # of teachers: 33
5
GreatSchools Rating

Woodland Middle School

  • Education Level: Middle
  • # of students: 764
  • # of teachers: 44
5
GreatSchools Rating

Woodland High School

  • Education Level: High
  • # of students: 1,531
  • # of teachers: 83
6
GreatSchools Rating
 

$208,710$255,090$231,900

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$805
Property Tax -$267
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
$203

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.

$231,900

PROJECTED PRICE

$1,460

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 8.6%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$67,204

INVESTMENT

$67,204

Down Payment
$57,975
Rehab Estimate
$5,750
Closing Costs
$3,479

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$805

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,975
Loan Amount $173,925
See What Happens When You Reinvest Cash Flow

9.17

YEARS SAVED

$29,159

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,479

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,460
1$1,4602$1,595
$1,595
RENT COMPS ANALYSIS
  • 146 Camp Creek Drive Stockbridge, GA 1
    • 3 beds 2 baths ∙ 1,972 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,972 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.74
    •  
  • 120 Arlie Road Stockbridge, GA 2
    • 4 beds 3 baths ∙ 2,131 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,131 Sqft ∙ Built 2005
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.75
    •  
PROPERTY LISTING DETAILS
Katrina Washington
1.470.552.7712
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6854861
Last Updated: 03/18/2021
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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