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165 Thornton Lane Fayetteville, GA 30214

3 Beds 2 Baths 1,634 sqft Built 1972

$229,900

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1972
  • Price/Sqft : $140.70
  • 5 Days on Market
  • MLS # : 6798544
  • Updated Date : 10/31/2020 at 08:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,634 sqft
  • Baths : 2 full
Listing Agent's Description

Totally Renovated Ranch! This one has new flooring, new plumbing, granite, backsplash, new tile, faucets, carpet, laminate, paint, HVAC, electrical, appliances, new motors in garage, a lot of electrical work, new shelves, doors, windows, cabinets, vanities, mirrors, lights. Detached workshop is perfect for a carpenter, tradesman, or an outdoorsman. Free water from a well. Great indoor/outdoor flow with a screened in porch. Plenty of land for privacy, gardening, and outdoor entertaining. This one won't last. Move in Ready!

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 30214

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Zip Code: 30214

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9592009

* 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
North Fayette Elementary School Primary Regular 586 40 7
Flat Rock Middle School Middle Regular 773 50 8
Sandy Creek High School High Regular 1,192 79 7

North Fayette Elementary School

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 40
7
GreatSchools Rating

Flat Rock Middle School

  • Education Level: Middle
  • # of students: 773
  • # of teachers: 50
8
GreatSchools Rating

Sandy Creek High School

  • Education Level: High
  • # of students: 1,192
  • # of teachers: 79
7
GreatSchools Rating
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$848
Property Tax -$199
Property Insurance -$59
Property Management Fees -$119
CASH FLOW
$115

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.

$229,900

PROJECTED PRICE

$1,340

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 7.6%
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$100k$200k$300k$400k$500k$600k$700k$800k

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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$848

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$25,593

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,373

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,340
1$1,3402$1,500
$1,500
RENT COMPS ANALYSIS
  • 165 Thornton Lane Fayetteville, GA 1
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.82
    •  
  • 309 Deauville Way Fayetteville, GA 2
    • 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1978
    LEASED 03/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
PROPERTY LISTING DETAILS
Mark Schwartz
1.404.452.8822
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6798544
Last Updated: 10/31/2020
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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