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175 Jasper Drive Stockbridge, GA 30281

3 Beds 2 Baths 2,078 sqft Built 1984

$290,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $139.56
  • 2 Days on Market
  • MLS # : 6913622
  • Updated Date : 07/13/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,078 sqft
  • Baths : 2 full
Listing Agent's Description

This Stockbridge one-story home offers a two-car garage.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30281

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Zip Code: 30281

ZipNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171509

* 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
Red Oak Elementary School Primary Regular 774 51 5
Dutchtown Middle School Middle Regular 1,036 59 6
Dutchtown High School High Regular 1,498 84 6

Red Oak Elementary School

  • Education Level: Primary
  • # of students: 774
  • # of teachers: 51
5
GreatSchools Rating

Dutchtown Middle School

  • Education Level: Middle
  • # of students: 1,036
  • # of teachers: 59
6
GreatSchools Rating

Dutchtown High School

  • Education Level: High
  • # of students: 1,498
  • # of teachers: 84
6
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,007
Property Tax -$334
Property Insurance -$67
HOA -$48
Property Management Fees -$119
CASH FLOW
$74

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.

$290,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.6%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$11,909

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,714

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,499
1$1,4992$1,5723$1,6454$1,6505$1,710
$1,710
RENT COMPS ANALYSIS
  • 175 Jasper Drive Stockbridge, GA 4
    • 3 beds 2 baths ∙ 2,078 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,078 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.79
    •  
  • 1000 Borrington Lane Stockbridge, GA 1
    • 3 beds 2 baths ∙ 1,915 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,915 Sqft ∙ Built 2001
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.78
    •  
  • 470 Haven Ridge Drive Stockbridge, GA 2
    • 4 beds 3 baths ∙ 1,905 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,905 Sqft ∙ Built 2000
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,572
    • $0.83
    •  
  • 1569 Thornwick Trace Stockbridge, GA 3
    • 4 beds 3 baths ∙ 1,991 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,991 Sqft ∙ Built 2004
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.83
    •  
  • 125 Titan Road Stockbridge, GA 5
    • 3 beds 2 baths ∙ 1,995 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,995 Sqft ∙ Built 2002
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.86
    •  
PROPERTY LISTING DETAILS
Kim Klir
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6913622
Last Updated: 07/13/2021
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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