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165 Port Patrick Lane Se Mableton, GA 30126

4 Beds 3 Baths 2,401 sqft Built 1985

$317,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $132.03
  • 5 Days on Market
  • MLS # : 6858302
  • Updated Date : 03/25/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,401 sqft
  • Baths : 3 full
Listing Agent's Description

Come see this beautiful 4 bedroom | 3 bath home with gorgeous finished full basement situated on almost a half-acre lot (.46 acres) in hot Mableton neighborhood near Heritage Park! It’s only a short 5-minute walk to the Wetlands Area, Elevated Board Walk, and Nature Trail within Heritage Park. After a quick 2-mile trail walk, Heritage Park Trail connects with the Silver Comet Trail. Enjoy the eat-In kitchen area which has full skylight ceiling covering 6-foot-tall kitchen windows which overlook the serene wooded back yard.

SEE MORE

MARKET HIGHLIGHTS

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

PRICE & RENT TRENDS

Neighborhood: Shannon Green North

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $112k321k

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

Neighborhood: Shannon Green North

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
Mableton Elementary School Primary Regular 972 67 4
Floyd Middle School Middle Regular 935 54 4
South Cobb High School High Regular 2,074 106 4

Mableton Elementary School

  • Education Level: Primary
  • # of students: 972
  • # of teachers: 67
4
GreatSchools Rating

Floyd Middle School

  • Education Level: Middle
  • # of students: 935
  • # of teachers: 54
4
GreatSchools Rating

South Cobb High School

  • Education Level: High
  • # of students: 2,074
  • # of teachers: 106
4
GreatSchools Rating
 

$285,300$348,700$317,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,101
Property Tax -$280
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
$136

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.

$317,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.9%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,755

INVESTMENT

$89,755

Down Payment
$79,250
Rehab Estimate
$5,750
Closing Costs
$4,755

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,101

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,250
Loan Amount $237,750
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$27,502

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,053

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,710
1$1,7102$2,1003$2,1504$2,1955$2,250
$2,250
RENT COMPS ANALYSIS
  • 165 Port Patrick Lane Se Mableton, GA 1
    • 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.71
    •  
  • 3941 Gann Road Se Smyrna, GA 2
    • 4 beds 3 baths ∙ 2,335 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,335 Sqft ∙ Built 1986
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.90
    •  
  • 5723 Vinings Retreat Way Sw Mableton, GA 3
    • 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 2004
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.80
    •  
  • 4265 Antler Trail Smyrna, GA 4
    • 3 beds 3 baths ∙ 2,525 Sqft ∙ Built 1974 3 beds 3 baths ∙ 2,525 Sqft ∙ Built 1974
    property image
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.87
    •  
  • 73 Vanessa Drive Se Smyrna, GA 5
    • 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 1973
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.85
    •  
PROPERTY LISTING DETAILS
Celeste Murray
1.470.363.4574
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6858302
Last Updated: 03/25/2021
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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