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1552 Boulder Walk Drive Se Atlanta, GA 30316

4 Beds 3 Baths 2,075 sqft Built 2004

INVESTimate

$295,000

List Price

$1,990

$1,791 - $2,189

Rent Est.

$323,261  ( +9.58%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $142.17
  • 3 Days on Market
  • MLS # : 6771217
  • Updated Date : 08/25/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,075 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Charming Craftsman-style home in beautiful Boulder Walk subdivision. Easy access to I-285 & airport. Less than 10 minutes to East Atlanta Village & all Memorial corridor has to offer including shopping, dining & The Beltline! This spacious, light-filled home has gleaming hardwoods on main, living rm with fireplace, SS appliances & plenty of cabinets in kitchen. Lg formal dining room & casual dining area. Upper level has three bedrooms plus 4th BR or bonus room w/built-ins. Main BR w/trey ceiling, walk-in closet & bathroom w/separate shower & jetted tub. Backyard patio.

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

Zip Code: 30316

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $103k277k

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

Zip Code: 30316

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9211736

* 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
Barack H. Obama Elementary Magnet School Of Technology Primary Regular NA
Mcnair Middle School Middle Regular 697 46 2
Mcnair High School High Regular 808 51 3

Barack H. Obama Elementary Magnet School Of Technology

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Mcnair Middle School

  • Education Level: Middle
  • # of students: 697
  • # of teachers: 46
2
GreatSchools Rating

Mcnair High School

  • Education Level: High
  • # of students: 808
  • # of teachers: 51
3
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,088
Property Tax -$453
Property Insurance -$67
HOA -$50
Property Management Fees -$119
CASH FLOW
$213

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.

$295,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 9.58%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$30,752

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,127

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,699
1$1,6992$1,9903$2,2004$2,3955$2,695
$2,695
RENT COMPS ANALYSIS
  • 1552 Boulder Walk Drive Se Atlanta, 2
    • 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.96
    •  
  • 1325 Gates Circle Se Atlanta, 1
    • 3 beds 3 baths ∙ 1,833 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,833 Sqft ∙ Built 2002
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.93
    •  
  • 1765 Stoney Creek Drive Se Atlanta, 3
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2012
    LEASED 03/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.01
    •  
  • 2405 Boulder Creek Way Se Atlanta, 4
    • 3 beds 3 baths ∙ 2,406 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,406 Sqft ∙ Built 2013
    LEASED 06/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.00
    •  
  • 1309 Emerald Avenue Se Atlanta, 5
    • 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2013
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.16
    •  
PROPERTY LISTING DETAILS
Tim Cronin
1.678.596.6164
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6771217
Last Updated: 08/25/2020
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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