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1570 Marshall Lane Se Conyers, GA 30094

3 Beds 3 Baths 1,772 sqft Built 1989

$183,000

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $103.27
  • 4 Days on Market
  • MLS # : 6808067
  • Updated Date : 11/13/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,772 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Full renovation at an unbeatable location! Close to shops, restaurants and main roads, this fantastic home offers hardwood floors, a beautiful kitchen with granite countertops and a private backyard. Spacious breakfast area filled with natural light, family room with fireplace and separate dining room. Upstairs, a large master bedroom, an updated master bathroom with double vanity and separate tiled shower. Two more bedrooms upstairs. Fully fenced backyard with patio offers privacy for a slow afternoon or entertainment. Fresh paint and refinished floors.

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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 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)

PRICE & RENT TRENDS

Neighborhood: Oakley Downs

NeighborhoodNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $75k209k

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

Neighborhood: Oakley Downs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280085090095010001050110011501200125013001350140014501500Rent in $7941509

* 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
Sims Elementary School Primary Regular 551 38 8
Edwards Middle School Middle Regular 885 59 5
Heritage High School High Regular 1,814 86 5

Sims Elementary School

  • Education Level: Primary
  • # of students: 551
  • # of teachers: 38
8
GreatSchools Rating

Edwards Middle School

  • Education Level: Middle
  • # of students: 885
  • # of teachers: 59
5
GreatSchools Rating

Heritage High School

  • Education Level: High
  • # of students: 1,814
  • # of teachers: 86
5
GreatSchools Rating
 

$164,700$201,300$183,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$675
Property Tax -$209
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
$246

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.

$183,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 7.1%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,245

INVESTMENT

$54,245

Down Payment
$45,750
Rehab Estimate
$5,750
Closing Costs
$2,745

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$675

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $45,750
Loan Amount $137,250
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$30,027

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,329

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,310
1$1,3102$1,3953$1,420
$1,420
RENT COMPS ANALYSIS
  • 1570 Marshall Lane Se Conyers, GA 1
    • 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.74
    •  
  • 2660 Laurel Woods Lane Conyers, GA 2
    • 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1989
    LEASED 06/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.73
    •  
  • 1614 Cherry Hill Lane Conyers, GA 3
    • 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 1985
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.77
    •  
PROPERTY LISTING DETAILS
Mark Spain
1.770.886.9000
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6808067
Last Updated: 11/13/2020
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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