Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1725 Boulder Walk Lane Se Atlanta, GA 30316

4 Beds 3 Baths 2,072 sqft Built 2005

$329,900

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $159.22
  • 6 Days on Market
  • MLS # : 6817466
  • Updated Date : 01/02/2021 at 21:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,072 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautiful Craftsman-Style home in the charming Boulder Walk subdivision. Easy Access to I-285 & airport. Home is less than 10 minutes to East Atlanta Village & all Memorial Drive Corridor has to offer, including shopping, dinning & The Beltline. The exterior of home was recently painted in October, 2020. This charming home has beautiful hardwood floors on the main level, steps and upstair hallway. This home has a formal living room, separate dining area, a cozy family room with fireplace, rear patio with pergola and a separate deck.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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 Regular 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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,217
Property Tax -$450
Property Insurance -$67
HOA -$33
Property Management Fees -$119
CASH FLOW
$124

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.

$329,900

PROJECTED PRICE

$2,010

PROJECTED RENT

0.61%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$24,769

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,041

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,699
1$1,6992$1,9003$1,9954$2,0105$2,300
$2,300
RENT COMPS ANALYSIS
  • 1725 Boulder Walk Lane Se Atlanta, GA 4
    • 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.97
    •  
  • 1325 Gates Circle Se Atlanta, GA 1
    • 3 beds 3 baths ∙ 1,833 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,833 Sqft ∙ Built 2002
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.93
    •  
  • 2124 Gorman Grove Se Atlanta, GA 2
    • 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2005
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.01
    •  
  • 960 Gresham Avenue Se Atlanta, GA 3
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2005
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.00
    •  
  • 2103 Oak Knob Drive Decatur, GA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Eric Bell
1.404.668.3742
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6817466
Last Updated: 01/02/2021
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.

BESbswy