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167 Eagle Glen Drive Woodstock, GA 30189

4 Beds 4 Baths 2,272 sqft Built 1997

$308,500

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $135.78
  • 3 Days on Market
  • MLS # : 6803090
  • Updated Date : 11/03/2020 at 00:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,272 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Beautifully updated home in sought after Eagle Glen with four bedrooms and three and a half baths. The updated hardwood floors abound on the main floor and lead to a fabulous kitchen with new counters, cabinets and floors. The main floor is complete with a dining room, living room and half bath and features new hardwood floors. The second floor has a large master bedroom with an en suite with double vanity, garden tub, shower and walk in closet.

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

Neighborhood: Eagle Glen

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $103k253k

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

Neighborhood: Eagle Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001050110011501200125013001350140014501500155016001650Rent in $9731697

* 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
Carmel Elementary School Primary Regular 1,190 67 8
Woodstock Middle School Middle Regular 1,175 69 8
Woodstock High School High Regular 2,179 111 8

Carmel Elementary School

  • Education Level: Primary
  • # of students: 1,190
  • # of teachers: 67
8
GreatSchools Rating

Woodstock Middle School

  • Education Level: Middle
  • # of students: 1,175
  • # of teachers: 69
8
GreatSchools Rating

Woodstock High School

  • Education Level: High
  • # of students: 2,179
  • # of teachers: 111
8
GreatSchools Rating
 

$277,650$339,350$308,500

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,138
Property Tax -$252
Property Insurance -$71
HOA -$36
Property Management Fees -$119
CASH FLOW
$184

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.

$308,500

PROJECTED PRICE

$1,800

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
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$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$87,503

INVESTMENT

$87,503

Down Payment
$77,125
Rehab Estimate
$5,750
Closing Costs
$4,628

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,138

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,125
Loan Amount $231,375
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$33,191

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,954

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,735
1$1,7352$1,7953$1,8004$1,8955$1,900
$1,900
RENT COMPS ANALYSIS
  • 167 Eagle Glen Drive Woodstock, GA 3
    • 4 beds 4 baths ∙ 2,272 Sqft ∙ Built 1997 4 beds 4 baths ∙ 2,272 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.79
    •  
  • 203 Chesapeake Lane Woodstock, GA 1
    • 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1994
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.83
    •  
  • 417 Etowah Valley Way Woodstock, GA 2
    • 3 beds 3 baths ∙ 2,014 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,014 Sqft ∙ Built 1992
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.89
    •  
  • 2043 Township Drive Woodstock, GA 4
    • 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 1995
    LEASED 07/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.83
    •  
  • 303 Chesapeake Ridge Woodstock, GA 5
    • 4 beds 3 baths ∙ 2,142 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,142 Sqft ∙ Built 1995
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.89
    •  
PROPERTY LISTING DETAILS
Jimmy Payne
1.404.432.0466
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6803090
Last Updated: 11/03/2020
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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