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1597 Brockett Road Tucker, GA 30084

3 Beds 2 Baths 1,652 sqft Built 1967

$250,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $151.33
  • 7 Days on Market
  • MLS # : 6822640
  • Updated Date : 12/31/2020 at 08:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,652 sqft
  • Baths : 2 full
Listing Agent's Description

Four-sided brick 3 bedrooms 2 bath ranch home ready for renovation/updates. This house is perfect for investors or savvy first-time home buyer using renovation loan for updates and move-in with instant equity. 2 car carport and large lot. Convenient to highways, Emory, CDC, Mercer, shopping & revitalized downtown Tucker! Similar homes with updates in the area are selling for 350+.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Tucker

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Tucker

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Brockett Elementary School Primary Regular 481 31 7
Tucker Middle School Middle Regular 1,259 80 6
Tucker High School High Regular 1,843 107 5

Brockett Elementary School

  • Education Level: Primary
  • # of students: 481
  • # of teachers: 31
7
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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$922
Property Tax -$375
Property Insurance -$59
Property Management Fees -$119
CASH FLOW
$85

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.

$250,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 7.3%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$20,932

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,557

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5603$1,6004$1,8005$1,800
$1,800
RENT COMPS ANALYSIS
  • 1597 Brockett Road Tucker, GA 2
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1967
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.94
    •  
  • 1869 Robinhill Court Tucker, GA 1
    • 3 beds 1 baths ∙ 1,460 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,460 Sqft ∙ Built 1963
    property image
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.02
    •  
  • 3992 Gloucester Drive Tucker, GA 3
    • 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1965
    property image
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.84
    •  
  • 1404 Drayton Woods Drive Tucker, GA 4
    • 4 beds 3 baths ∙ 1,998 Sqft ∙ Built 1968 4 beds 3 baths ∙ 1,998 Sqft ∙ Built 1968
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.90
    •  
  • 1740 Samaria Trail Tucker, GA 5
    • 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1966
    property image
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.01
    •  
PROPERTY LISTING DETAILS
Vuoriaho Real Estate Group
1.404.844.9406
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6822640
Last Updated: 12/31/2020
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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