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166 Riverchase Drive Woodstock, GA 30188

4 Beds 2 Baths 1,942 sqft Built 1985

$305,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $157.05
  • 2 Days on Market
  • MLS # : 6913470
  • Updated Date : 07/13/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,942 sqft
  • Baths : 2 full
Listing Agent's Description

Nice location!! Traditional 2-story split foyer with fenced backyard. Brand NEW windows and SS dishwasher/gas range/oven!! Home offers hardwoods with a fireplace and vaulted ceilings. Granite kitchen counters and updated bathrooms. Private backyard with screened in porch and an oversized 2-car garage. No rental restrictions. Easy access to 285 and GA-400. Quiet community close to shopping, restaurants, parks, and hospitals. Set up your private tour today!! Won't last long.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #1 Most affordable big city (WalletHub, 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'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)

PRICE & RENT TRENDS

Neighborhood: Riverchase

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $96k321k

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

Neighborhood: Riverchase

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8222009

* 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
Little River Elementary School Primary Regular 1,446 80 6
Mill Creek Middle School Middle Regular 1,284 72 7
River Ridge High School High Regular 1,601 88 8

Little River Elementary School

  • Education Level: Primary
  • # of students: 1,446
  • # of teachers: 80
6
GreatSchools Rating

Mill Creek Middle School

  • Education Level: Middle
  • # of students: 1,284
  • # of teachers: 72
7
GreatSchools Rating

River Ridge High School

  • Education Level: High
  • # of students: 1,601
  • # of teachers: 88
8
GreatSchools Rating
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,059
Property Tax -$249
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
$358

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.

$305,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.9%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

11.08

YEARS SAVED

$50,900

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,850

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7503$1,8504$1,8855$1,895
$1,895
RENT COMPS ANALYSIS
  • 166 Riverchase Drive Woodstock, GA 3
    • 4 beds 2 baths ∙ 1,942 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,942 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.95
    •  
  • 524 Watercress Drive Woodstock, GA 1
    • 3 beds 3 baths ∙ 1,754 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,754 Sqft ∙ Built 2005
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.97
    •  
  • 810 Plaintain Drive Woodstock, GA 2
    • 3 beds 3 baths ∙ 1,850 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,850 Sqft ∙ Built 2004
    LEASED 02/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
  • 4047 River Rock Way Woodstock, GA 4
    • 3 beds 2 baths ∙ 1,892 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,892 Sqft ∙ Built 1992
    LEASED 04/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,885
    • $1.00
    •  
  • 908 Dooney Drive Woodstock, GA 5
    • 3 beds 3 baths ∙ 2,128 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,128 Sqft ∙ Built 2005
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.89
    •  
PROPERTY LISTING DETAILS
Doug Jacobs
1.678.250.3877
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6913470
Last Updated: 07/13/2021
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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