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1808 Ashborough Way Se #G Marietta, GA 30067

2 Beds 2 Baths 1,252 sqft Built 1973

$100,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $79.87
  • 5 Days on Market
  • MLS # : 6808124
  • Updated Date : 11/20/2020 at 08:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,252 sqft
  • Baths : 1 full , 1 half
Listing Agent's Description

PRICED WAY BELOW COMPS FOR FAST AS-IS SALE! Brand new roof! Prime location next door to Red Hare Brewery, only 4 miles to Truist Park/The Battery, minutes to 75/285! This townhome sits on likely the best lot in Ashborough Village. Nice fenced courtyard perfect for grill-outs and entertaining friends. Backs to greenspace, NOT other units! Loads of potential for the savvy buyer. Recent renovation in the kitchen, nice breakfast bar and eat-in breakfast room. Oversized bedrooms perfect for a roommate set up.

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: Ashborough Village

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260k280kPrice in $50k282k

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

Neighborhood: Ashborough Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800Rent in $7331868

* 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
Powers Ferry Elementary School Primary Regular 426 38 5
East Cobb Middle School Middle Regular 1,223 78 6
Wheeler High School High Regular 2,117 128 8

Powers Ferry Elementary School

  • Education Level: Primary
  • # of students: 426
  • # of teachers: 38
5
GreatSchools Rating

East Cobb Middle School

  • Education Level: Middle
  • # of students: 1,223
  • # of teachers: 78
6
GreatSchools Rating

Wheeler High School

  • Education Level: High
  • # of students: 2,117
  • # of teachers: 128
8
GreatSchools Rating
 

$90,000$110,000$100,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$369
Property Tax -$158
Property Insurance -$51
HOA -$350
Property Management Fees -$119
CASH FLOW
$252

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.

$100,000

PROJECTED PRICE

$1,300

PROJECTED RENT

1.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 5.3%
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$50k$100k$150k$200k$250k$300k$350k

PROJECTED ANNUAL CASH FLOW

11530$0.0$1.0k$2.0k$3.0k$4.0k$5.0k$6.0k$7.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$32,250

INVESTMENT

$32,250

Down Payment
$25,000
Rehab Estimate
$5,750
Closing Costs
$1,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$369

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $25,000
Loan Amount $75,000
See What Happens When You Reinvest Cash Flow

10.5

YEARS SAVED

$18,232

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,340

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,1503$1,2504$1,300
$1,300
RENT COMPS ANALYSIS
  • 1808 Ashborough Way Se Marietta, GA 4
    • 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.04
    •  
  • 1758 Hazelwood Drive Se Marietta, GA 1
    • 2 beds 1 baths ∙ 999 Sqft ∙ Built 1953 2 beds 1 baths ∙ 999 Sqft ∙ Built 1953
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.10
    •  
  • 1824 Crestridge Drive Se Marietta, GA 2
    • 2 beds 1 baths ∙ 996 Sqft ∙ Built 1956 2 beds 1 baths ∙ 996 Sqft ∙ Built 1956
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.15
    •  
  • 950 Bobcat Court Se Marietta, GA 3
    • 2 beds 2 baths ∙ 1,296 Sqft ∙ Built 1981 2 beds 2 baths ∙ 1,296 Sqft ∙ Built 1981
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.96
    •  
PROPERTY LISTING DETAILS
The Wistrick Team
1.404.932.5564
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6808124
Last Updated: 11/20/2020
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.

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