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1682 Camden Forrest Trail Riverdale, GA 30296

3 Beds 3 Baths 1,566 sqft Built 2002

$132,000

List Price

$1,090

$981 - $1.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $84.29
  • 13 Days on Market
  • MLS # : 6806355
  • Updated Date : 11/13/2020 at 08:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,566 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Move-in Ready Townhome! Newer HVAC, Newer appliances, Newer Water Heater and Fenced in backyard. Great Family room with fireplace and separate dining room. Owner suite on the main with walk-in closet, 2 additional spacious secondary bedrooms upstairs and a loft space.

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: 30296

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $71k209k

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

Zip Code: 30296

ZipNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7621509

* 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
Oliver Elementary School Primary Regular 632 34 3
North Clayton Middle School Middle Regular 827 45 5
North Clayton High School High Regular 886 46 2

Oliver Elementary School

  • Education Level: Primary
  • # of students: 632
  • # of teachers: 34
3
GreatSchools Rating

North Clayton Middle School

  • Education Level: Middle
  • # of students: 827
  • # of teachers: 45
5
GreatSchools Rating

North Clayton High School

  • Education Level: High
  • # of students: 886
  • # of teachers: 46
2
GreatSchools Rating
 

$118,800$145,200$132,000

PURCHASE PRICE

$981$1,199$1,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,090
EXPENSES Loan Payment -$487
Property Tax -$175
Property Insurance -$57
HOA -$154
Property Management Fees -$119
CASH FLOW
$98

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$132,000

PROJECTED PRICE

$1,090

PROJECTED RENT

0.83%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$40,730

INVESTMENT

$40,730

Down Payment
$33,000
Rehab Estimate
$5,750
Closing Costs
$1,980

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$487

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $33,000
Loan Amount $99,000
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$8,488

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,090

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,186

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,090
1$1,0902$1,1453$1,3504$1,4205$1,500
$1,500
RENT COMPS ANALYSIS
  • 1682 Camden Forrest Trail Riverdale, GA 1
    • 3 beds 3 baths ∙ 1,566 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,566 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,090
    • $0.70
    •  
  • 824 Rock Shoals Court College Park, GA 2
    • 3 beds 3 baths ∙ 1,592 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,592 Sqft ∙ Built 1999
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,145
    • $0.72
    •  
  • 6120 Hemperly Road Atlanta, GA 3
    • 4 beds 3 baths ∙ 1,770 Sqft ∙ Built 2008 4 beds 3 baths ∙ 1,770 Sqft ∙ Built 2008
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.76
    •  
  • 2196 Crossrail Drive Atlanta, GA 4
    • 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 2007
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.75
    •  
  • 5467 Northcut Drive Atlanta, GA 5
    • 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1992 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1992
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.80
    •  
PROPERTY LISTING DETAILS
Tiki Jones
1.404.606.4910
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6806355
Last Updated: 11/13/2020
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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