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1714 Boulder Walk Lane Se Atlanta, GA 30316

4 Beds 3 Baths 2,490 sqft Built 2006

$350,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $140.56
  • 5 Days on Market
  • MLS # : 6844608
  • Updated Date : 02/25/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,490 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

This Atlanta two-story cul-de-sac home offers granite countertops, and a two-car garage.

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)
  • 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 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)

PRICE & RENT TRENDS

Zip Code: 30316

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $103k277k

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

Zip Code: 30316

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9211736

* 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
Barack H. Obama Elementary Magnet School Of Technology Primary Unknown NA
Mcnair Middle School Middle Regular 697 46 2
Mcnair High School High Regular 808 51 3

Barack H. Obama Elementary Magnet School Of Technology

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Mcnair Middle School

  • Education Level: Middle
  • # of students: 697
  • # of teachers: 46
2
GreatSchools Rating

Mcnair High School

  • Education Level: High
  • # of students: 808
  • # of teachers: 51
3
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,216
Property Tax -$453
Property Insurance -$75
HOA -$35
Property Management Fees -$119
CASH FLOW
$343

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.

$350,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 9.6%
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$1.2M$1.4M

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$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

8.75

YEARS SAVED

$42,800

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,523

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,240
1$2,2402$2,3003$2,3004$2,695
$2,695
RENT COMPS ANALYSIS
  • 1714 Boulder Walk Lane Se Atlanta, GA 1
    • 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.90
    •  
  • 1410 Eastland Road Se Atlanta, GA 2
    • 3 beds 3 baths ∙ 2,600 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,600 Sqft ∙ Built 2009
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.88
    •  
  • 2103 Oak Knob Drive Decatur, GA 3
    • 4 beds 4 baths ∙ 2,300 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,300 Sqft ∙ Built 2017
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.00
    •  
  • 1309 Emerald Avenue Se Atlanta, GA 4
    • 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2013
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.16
    •  
PROPERTY LISTING DETAILS
Kim Klir
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6844608
Last Updated: 02/25/2021
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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