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1752 Jody Drive Ne Marietta, GA 30066

3 Beds 3 Baths 2,040 sqft Built 1982

$265,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $129.90
  • 19 Days on Market
  • MLS # : 6830320
  • Updated Date : 02/04/2021 at 08:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,040 sqft
  • Baths : 3 full
Listing Agent's Description

Amazing Traditional Home in the Kell School Cluster. Interior: Exposed beams in living room, separate dining, new interior paint throughout, new Carpets, new upgraded Kitchen. Split level Basement with Full Bath perfect for a teenage or media room, game room, office. Exterior: Front and read deck, new windows in front, new HVAC. Near I575, Shopping, Dining, Recreation and Entertainment.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Shallowford Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $103k282k

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

Neighborhood: Shallowford Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9071868

* 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
Keheley Elementary School Primary Regular 529 38 8
Mccleskey Middle School Middle Regular 681 43 7
Kell High School High Regular 1,548 83 7

Keheley Elementary School

  • Education Level: Primary
  • # of students: 529
  • # of teachers: 38
8
GreatSchools Rating

Mccleskey Middle School

  • Education Level: Middle
  • # of students: 681
  • # of teachers: 43
7
GreatSchools Rating

Kell High School

  • Education Level: High
  • # of students: 1,548
  • # of teachers: 83
7
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$920
Property Tax -$420
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
$64

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.

$265,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 8.8%
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

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$13,202

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,729

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5903$1,6994$1,7005$1,840
$1,840
RENT COMPS ANALYSIS
  • 1752 Jody Drive Ne Marietta, GA 2
    • 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 1982 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.78
    •  
  • 4050 Keheley Glen Drive Ne Marietta, GA 1
    • 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 1987
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.83
    •  
  • 4056 Longford Drive Ne Marietta, GA 3
    • 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 1988
    property image
    LEASED 08/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.83
    •  
  • 1744 Christie Drive Ne Marietta, GA 4
    • 4 beds 3 baths ∙ 1,919 Sqft ∙ Built 1981 4 beds 3 baths ∙ 1,919 Sqft ∙ Built 1981
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 3617 Candlewood Way Ne Marietta, GA 5
    • 3 beds 2 baths ∙ 2,192 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,192 Sqft ∙ Built 1984
    property image
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.84
    •  
PROPERTY LISTING DETAILS
Mike Francis
1.678.590.3038
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6830320
Last Updated: 02/04/2021
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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