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1526 Idlehour Drive Tucker, GA 30084

4 Beds 3 Baths 2,125 sqft Built 1967

$284,900

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $134.07
  • 4 Days on Market
  • MLS # : 6821769
  • Updated Date : 12/25/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,125 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

All brick beauty in the sought after Tucker area. This 4 bedroom 2.5 bath home comes complete with a separate dining area, eat-in kitchen, 2 living rooms-one on the main level, the other downstairs with a cozy fireplace and a half bath. The roof and garage door is only 1 year old. New HVAC system was just installed less then a year ago and comes with a warranty. The exterior was painted along with the balcony less than a year ago as well. Book your appointment today!

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: Ponce

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $82k243k

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

Neighborhood: Ponce

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8171643

* 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
Idlewood Elementary School Primary Regular 953 55 5
Tucker Middle School Middle Regular 1,259 80 6
Tucker High School High Regular 1,843 107 5

Idlewood Elementary School

  • Education Level: Primary
  • # of students: 953
  • # of teachers: 55
5
GreatSchools Rating

Tucker Middle School

  • Education Level: Middle
  • # of students: 1,259
  • # of teachers: 80
6
GreatSchools Rating

Tucker High School

  • Education Level: High
  • # of students: 1,843
  • # of teachers: 107
5
GreatSchools Rating
 

$256,410$313,390$284,900

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,051
Property Tax -$385
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
$67

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$284,900

PROJECTED PRICE

$1,690

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 3.5%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,249

INVESTMENT

$81,249

Down Payment
$71,225
Rehab Estimate
$5,750
Closing Costs
$4,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,051

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,225
Loan Amount $213,675
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$13,683

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,828

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6003$1,6904$1,8005$1,800
$1,800
RENT COMPS ANALYSIS
  • 1526 Idlehour Drive Tucker, GA 3
    • 4 beds 3 baths ∙ 2,125 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,125 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.80
    •  
  • 4070 Bowie Court Clarkston, GA 1
    • 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1970
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.88
    •  
  • 4393 Briers Way Stone Mountain, GA 2
    • 3 beds 3 baths ∙ 1,809 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,809 Sqft ∙ Built 1985
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.88
    •  
  • 1072 Norway Lane Clarkston, GA 4
    • 4 beds 3 baths ∙ 2,315 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,315 Sqft ∙ Built 1977
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.78
    •  
  • 1404 Drayton Woods Drive Tucker, GA 5
    • 4 beds 3 baths ∙ 1,998 Sqft ∙ Built 1968 4 beds 3 baths ∙ 1,998 Sqft ∙ Built 1968
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.90
    •  
PROPERTY LISTING DETAILS
Whitney Hanna
1.678.262.8085
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6821769
Last Updated: 12/25/2020
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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