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1463 Sumter Drive Sw Marietta, GA 30064

5 Beds 3 Baths 2,452 sqft Built 1984

$335,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $136.62
  • 3 Days on Market
  • MLS # : 6811525
  • Updated Date : 11/21/2020 at 16:40
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,452 sqft
  • Baths : 3 full
Listing Agent's Description

Fabulous, renovated Contemporary just 3 miles from the Marietta Square! Huge open concept kitchen/ dining/ living area on main level w/ vaulted ceilings, floor to ceiling windows & stone fireplace w/ gas logs is the perfect place to spend time with the family. Kitchen features a large granite island/ breakfast bar & stainless appliances. Barn door provides a little privacy for the sunroom off the kitchen that overlooks the backyard. Renovated primary suite on upper level boasts a large tiled shower & walk in closet. 2 good sized secondary bedrooms share a hall bath.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Battleview

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Battleview

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
A.l. Burruss Elementary School Primary Charter 490 36 5
Marietta Middle School Middle Charter 1,303 83 5
Marietta High School High Charter 2,061 132 5

A.l. Burruss Elementary School

  • Education Level: Primary
  • # of students: 490
  • # of teachers: 36
5
GreatSchools Rating

Marietta Middle School

  • Education Level: Middle
  • # of students: 1,303
  • # of teachers: 83
5
GreatSchools Rating

Marietta High School

  • Education Level: High
  • # of students: 2,061
  • # of teachers: 132
5
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,236
Property Tax -$318
Property Insurance -$75
Property Management Fees -$119
CASH FLOW
$102

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.

$335,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.5%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$30,000

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,994

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8653$2,0004$2,310
$2,310
RENT COMPS ANALYSIS
  • 1463 Sumter Drive Sw Marietta, GA 1
    • 5 beds 3 baths ∙ 2,452 Sqft ∙ Built 1984 5 beds 3 baths ∙ 2,452 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.75
    •  
  • 1929 Knipe Drive Sw Marietta, GA 2
    • 4 beds 3 baths ∙ 2,481 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,481 Sqft ∙ Built 1994
    property image
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,865
    • $0.75
    •  
  • 126 Birch Hollow Trail Marietta, GA 3
    • 5 beds 3 baths ∙ 2,400 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,400 Sqft ∙ Built 1993
    property image
    LEASED 05/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.83
    •  
  • 1052 Laurel Valley Drive Sw Marietta, GA 4
    • 4 beds 3 baths ∙ 2,695 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,695 Sqft ∙ Built 1992
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $0.86
    •  
PROPERTY LISTING DETAILS
Meg Burton
1.678.749.3126
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6811525
Last Updated: 11/21/2020
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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