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1555 Delford Way Se Smyrna, GA 30082

4 Beds 4 Baths 2,820 sqft Built 1999

$445,000

List Price

$2,870

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $157.80
  • 4 Days on Market
  • MLS # : 6830896
  • Updated Date : 01/22/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,820 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Don’t miss this great brick home in a quiet cul-de-sac in Woodland Brooke! Beautiful 2 story foyer leads to a welcoming family room with a marble fireplace. Separate living room & dining room for entertaining. Kitchen features white cabinets, granite counters, tile backsplash, an island, and stainless steel appliances. Bright sunroom overlooks fenced backyard. Hardwoods on main level, ceiling fans throughout, and ample storage. Spacious main bedroom has vaulted ceiling and its own private deck.

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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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: Woodland Brooki

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $113k397k

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

Neighborhood: Woodland Brooki

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9732526

* 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
Nickajack Elementary School Primary Regular 1,126 75 7
Campbell Middle School Middle Regular 1,416 77 6
Campbell High School High Regular 2,509 135 5

Nickajack Elementary School

  • Education Level: Primary
  • # of students: 1,126
  • # of teachers: 75
7
GreatSchools Rating

Campbell Middle School

  • Education Level: Middle
  • # of students: 1,416
  • # of teachers: 77
6
GreatSchools Rating

Campbell High School

  • Education Level: High
  • # of students: 2,509
  • # of teachers: 135
5
GreatSchools Rating
 

$400,500$489,500$445,000

PURCHASE PRICE

$2,583$3,157$2,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,870
EXPENSES Loan Payment -$1,546
Property Tax -$474
Property Insurance -$104
HOA -$42
Property Management Fees -$119
CASH FLOW
$586

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.

$445,000

PROJECTED PRICE

$2,870

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 3.6%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

11.42

YEARS SAVED

$78,003

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,870

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $3,314

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8703$3,3934$3,495
$3,495
RENT COMPS ANALYSIS
  • 1555 Delford Way Se Smyrna, GA 2
    • 4 beds 4 baths ∙ 3,977 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,977 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,870
    • $0.72
    •  
  • 1909 Daniel Green Court Se Smyrna, GA 1
    • 5 beds 3 baths ∙ 3,751 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,751 Sqft ∙ Built 1998
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.75
    •  
  • 3951 Basque Circle Se Smyrna, GA 3
    • 4 beds 4 baths ∙ 3,960 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,960 Sqft ∙ Built 2003
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,393
    • $0.86
    •  
  • 5370 Windsor Green Court Mableton, GA 4
    • 5 beds 4 baths ∙ 3,939 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,939 Sqft ∙ Built 2001
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $0.89
    •  
PROPERTY LISTING DETAILS
Melanie Burley Hunt
1.678.517.5888
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6830896
Last Updated: 01/22/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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