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1828 Creat Trail Smyrna, GA 30080

4 Beds 3 Baths 2,000 sqft Built 1963

$369,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $184.50
  • 4 Days on Market
  • MLS # : 6807848
  • Updated Date : 11/13/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,000 sqft
  • Baths : 3 full
Listing Agent's Description

This absolutely adorable, recently renovated home is full of charm! Plenty of space to spread out and accommodate multiple home offices for the WFH lifestyle. When the workday's done, relax around the custom built fire pit in your private, fenced-in backyard. Kitchen features white cabinets, granite counters, glass backsplash, and stainless steel appliances. Set the temp on your 2, dual-zoned Nest thermostats. Hardwoods extend throughout the top level. Cozy, premium Lifeproof carpet and premium pad downstairs is less than two years old. Custom closets in the master and

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)
  • #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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Campbell Wood

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $113k560k

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

Neighborhood: Campbell Wood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200Rent in $9733324

* 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
Teasley Primary School Primary Unknown 761 51 8
Campbell Middle School Middle Regular 1,416 77 6
Campbell High School High Regular 2,509 135 5

Teasley Primary School

  • Education Level: Primary
  • # of students: 761
  • # of teachers: 51
8
GreatSchools Rating

Campbell Middle School

  • Education Level: Middle
  • # of students: 1,416
  • # of teachers: 77
6
GreatSchools Rating

Campbell High School

  • Education Level: High
  • # of students: 2,509
  • # of teachers: 135
5
GreatSchools Rating
 

$332,100$405,900$369,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,361
Property Tax -$379
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
$185

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$369,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.18%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.74%
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$20k

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$103,535

INVESTMENT

$103,535

Down Payment
$92,250
Rehab Estimate
$5,750
Closing Costs
$5,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,250
Loan Amount $276,750
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$40,338

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,155

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8003$1,9504$2,0505$2,110
$2,110
RENT COMPS ANALYSIS
  • 1828 Creat Trail Smyrna, GA 5
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $1.06
    •  
  • 3176 Ann Road Se Smyrna, GA 1
    • 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1969
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.06
    •  
  • 2013 Mercer Road Se Smyrna, GA 2
    • 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1960
    property image
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.04
    •  
  • 3490 Commanche Court Se Smyrna, GA 3
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1967
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.08
    •  
  • 1345 Twin Oaks Circle Se Smyrna, GA 4
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1955
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.13
    •  
PROPERTY LISTING DETAILS
Zach Sabo
1.404.606.0920
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6807848
Last Updated: 11/13/2020
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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