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

1746 Rustic Drive Sw Marietta, GA 30008

3 Beds 2 Baths 1,820 sqft Built 1968

$237,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $130.22
  • 3 Days on Market
  • MLS # : 6811546
  • Updated Date : 11/21/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,820 sqft
  • Baths : 2 full
Listing Agent's Description

Four sides brick ranch located in Rustic Village is now offered for sale. The home features 3 bedrooms and 2 bathrooms, hardwood floors through most of the home. House was recently painted and is in move in ready condition. Enjoy very private back yard and large deck on the back of the house. Great Cobb schools, quiet, well established neighborhood. No HOA! Come and schedule your visit today!

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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 2018)

PRICE & RENT TRENDS

Neighborhood: Rustic Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $82k282k

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

Neighborhood: Rustic Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8171868

* 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
Hollydale Elementary School Primary Regular 689 57 5
Smitha Middle School Middle Regular 986 65 5
Osborne High School High Regular 1,999 123 3

Hollydale Elementary School

  • Education Level: Primary
  • # of students: 689
  • # of teachers: 57
5
GreatSchools Rating

Smitha Middle School

  • Education Level: Middle
  • # of students: 986
  • # of teachers: 65
5
GreatSchools Rating

Osborne High School

  • Education Level: High
  • # of students: 1,999
  • # of teachers: 123
3
GreatSchools Rating
 

$213,300$260,700$237,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$874
Property Tax -$375
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
-$21

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.

$237,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 9.4%
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$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$68,555

INVESTMENT

$68,555

Down Payment
$59,250
Rehab Estimate
$5,750
Closing Costs
$3,555

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,250
Loan Amount $177,750
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$5,571

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,520

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,4103$1,6004$1,6755$1,750
$1,750
RENT COMPS ANALYSIS
  • 1746 Rustic Drive Sw Marietta, GA 2
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.77
    •  
  • 1423 Glynn Oaks Drive Sw Marietta, GA 1
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1985
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.82
    •  
  • 1431 Milford Church Road Sw Marietta, GA 3
    • 3 beds 2 baths ∙ 1,930 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,930 Sqft ∙ Built 1972
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.83
    •  
  • 2661 Oxbow Way Sw Marietta, GA 4
    • 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 1967
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.85
    •  
  • 1960 Mceachern Manor Drive Sw Marietta, GA 5
    • 4 beds 3 baths ∙ 2,094 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,094 Sqft ∙ Built 1981
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
PROPERTY LISTING DETAILS
Anita Darcourt
1.770.946.1854
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6811546
Last Updated: 11/21/2020
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.

BESbswy