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1552 Habershal Road Nw Atlanta, GA 30318

3 Beds 3 Baths 2,214 sqft Built 2011

$429,000

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2011
  • Price/Sqft : $193.77
  • 3 Days on Market
  • MLS # : 6803416
  • Updated Date : 11/02/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,214 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

FINALLY! A craftsman home with a fenced private backyard and extended patio! Westside's favorite neighborhood. You will love this beautiful home! 9' ceiling on both levels with hardwoods throughout main. Big kitchen with mohagany wood cabinets OPEN to casual dining and family room with fireplace. Butler's pantry leads to formal dining room. Huge master with sitting room (can be media room, an office, or a nursery). "Two" Huge walk-in his/her closets. The Yard backs up to a permanent wooded area and the Historic Rockdale Park!

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: Rockdale

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $82k370k

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

Neighborhood: Rockdale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $8172420

* 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
William M. Boyd Elementary School Primary Regular 505 32 2
Charles Lincoln Harper - Samuel Howard Archer Middle School Middle Regular 667 46 1
Frederick Douglass High School High Regular 826 66 2

William M. Boyd Elementary School

  • Education Level: Primary
  • # of students: 505
  • # of teachers: 32
2
GreatSchools Rating

Charles Lincoln Harper - Samuel Howard Archer Middle School

  • Education Level: Middle
  • # of students: 667
  • # of teachers: 46
1
GreatSchools Rating

Frederick Douglass High School

  • Education Level: High
  • # of students: 826
  • # of teachers: 66
2
GreatSchools Rating
 

$386,100$471,900$429,000

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$1,583
Property Tax -$563
Property Insurance -$70
HOA -$108
Property Management Fees -$119
CASH FLOW
$137

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.

$429,000

PROJECTED PRICE

$2,580

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.9%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,435

INVESTMENT

$119,435

Down Payment
$107,250
Rehab Estimate
$5,750
Closing Costs
$6,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,250
Loan Amount $321,750
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$21,958

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,580

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $2,673

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,5803$2,6004$2,6505$2,800
$2,800
RENT COMPS ANALYSIS
  • 1552 Habershal Road Nw Atlanta, GA 2
    • 3 beds 3 baths ∙ 2,214 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,214 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $1.17
    •  
  • 1667 Abbot Lane Nw Atlanta, GA 1
    • 3 beds 3 baths ∙ 2,129 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,129 Sqft ∙ Built 2011
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.10
    •  
  • 1639 Habershal Road Atlanta, GA 3
    • 4 beds 4 baths ∙ 2,469 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,469 Sqft ∙ Built 2007
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.05
    •  
  • 1519 Bungalow Lane Nw Atlanta, GA 4
    • 3 beds 3 baths ∙ 2,031 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,031 Sqft ∙ Built 2013
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.30
    •  
  • 1856 Perry Boulevard Nw Atlanta, GA 5
    • 4 beds 4 baths ∙ 2,028 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,028 Sqft ∙ Built 2004
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.38
    •  
PROPERTY LISTING DETAILS
William Harris
1.770.630.8723
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6803416
Last Updated: 11/02/2020
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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