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167 Meadowview Lane Powder Springs, GA 30127

4 Beds 3 Baths 2,282 sqft Built 1995

$264,900

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $116.08
  • 2 Days on Market
  • MLS # : 6828840
  • Updated Date : 01/16/2021 at 18:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,282 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

FRESH new interior Paint, NEW Carpet upstairs and beautiful NEW LTV flooring throughout the main level make this home move in ready!!! Cul-de-sac home on just under a half-acre. Spacious open floor plan with eat in kitchen and separate dining room and living room, perfect for entertaining. Large, oversized master bedroom with on-suite bathroom has a separate tub and shower as well as his and hers vanities and a walk-in closet. Move in ready and conveniently located near dining, shopping, entertainment and just a short walk to Taylor Farm Park with its beautiful lake,

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30127

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210kPrice in $103k216k

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

Zip Code: 30127

ZipNIR Market*CityMarket2010Year20002019 Q210001050110011501200125013001350140014501500Rent in $9731509

* 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
Baggett Elementary School Primary Regular 695 50 6
Dobbins Middle School Middle Regular 793 48 7
Hiram High School High Regular 1,636 80 5

Baggett Elementary School

  • Education Level: Primary
  • # of students: 695
  • # of teachers: 50
6
GreatSchools Rating

Dobbins Middle School

  • Education Level: Middle
  • # of students: 793
  • # of teachers: 48
7
GreatSchools Rating

Hiram High School

  • Education Level: High
  • # of students: 1,636
  • # of teachers: 80
5
GreatSchools Rating
 

$238,410$291,390$264,900

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$920
Property Tax -$234
Property Insurance -$71
HOA -$19
Property Management Fees -$119
CASH FLOW
$117

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.

$264,900

PROJECTED PRICE

$1,480

PROJECTED RENT

0.56%

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

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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$19,930

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,567

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3953$1,3994$1,480
$1,480
RENT COMPS ANALYSIS
  • 167 Meadowview Lane Powder Springs, GA 4
    • 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.65
    •  
  • 5374 Muirwood Place Powder Springs, GA 1
    • 4 beds 2 baths ∙ 2,024 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,024 Sqft ∙ Built 1988
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.67
    •  
  • 4891 Brownsville Road Powder Springs, GA 2
    • 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1986
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.70
    •  
  • 5394 Telford Court Powder Springs, GA 3
    • 3 beds 2 baths ∙ 2,019 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,019 Sqft ∙ Built 1989
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.69
    •  
PROPERTY LISTING DETAILS
Peter Marks
1.404.476.8171
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6828840
Last Updated: 01/16/2021
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. © 2017 First Multiple Listing Service, Inc.

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