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1495 Gateview Circle Marietta, GA 30062

3 Beds 3 Baths 2,766 sqft Built 1996

$330,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $119.31
  • 7 Days on Market
  • MLS # : 6801636
  • Updated Date : 10/31/2020 at 14:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,766 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Nestled in a pristine and quiet neighborhood just miles away from all of the conveniences that Barrett Parkway has to offer, this listing will not last long. The main floor boasts an open floor plan with high ceilings and most of all a SPACIOUS Master suite complete with its own fireplace. Screened-in patio, private backyard on a corner lot. A roof and HVAC system were installed just 3 years ago. Best offer due by 10/31

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: East Worthington Stonegate

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: East Worthington Stonegate

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
Sawyer Road Elementary School Primary Charter 786 59 6
Marietta Middle School Middle Charter 1,303 83 5
Marietta High School High Charter 2,061 132 5

Sawyer Road Elementary School

  • Education Level: Primary
  • # of students: 786
  • # of teachers: 59
6
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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,218
Property Tax -$323
Property Insurance -$81
HOA -$31
Property Management Fees -$119
CASH FLOW
$129

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.

$330,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.6%
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$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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$31,612

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,971

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9003$1,9504$1,9605$2,050
$2,050
RENT COMPS ANALYSIS
  • 1495 Gateview Circle Marietta, GA 2
    • 3 beds 3 baths ∙ 2,766 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,766 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.69
    •  
  • 1364 Pinebreeze Way Marietta, GA 1
    • 4 beds 3 baths ∙ 2,788 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,788 Sqft ∙ Built 1995
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.66
    •  
  • 1461 Rosewood Creek Drive Marietta, GA 3
    • 4 beds 3 baths ∙ 2,578 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,578 Sqft ∙ Built 1993
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.76
    •  
  • 1513 Hillhaven Drive Marietta, GA 4
    • 3 beds 2 baths ∙ 2,894 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,894 Sqft ∙ Built 1978
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.68
    •  
  • 1675 Broussard Way Marietta, GA 5
    • 4 beds 3 baths ∙ 2,732 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,732 Sqft ∙ Built 1999
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.75
    •  
PROPERTY LISTING DETAILS
Selena Campbell
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6801636
Last Updated: 10/31/2020
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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