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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tucker
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$72,000
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $62,500 |
Loan Amount | $187,500 |
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
PROPERTY LISTING DETAILS
1.404.844.9406
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6822640
Last Updated: 12/31/2020

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