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184 Cedar Way Se Marietta, GA 30060

4 Beds 2 Baths 1,499 sqft Built 1962

$195,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1962
  • Price/Sqft : $130.09
  • 2 Days on Market
  • MLS # : 6803522
  • Updated Date : 11/02/2020 at 23:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,499 sqft
  • Baths : 2 full
Listing Agent's Description

Price to sell quickly !!! Sell As Is. No major repairs needed. Split level brick home with lower level additional living space with kitchenette. Water resistant flooring in basement with lifetime warranty. Hardwood flooring thru the house NO Carpet. Tile in baths and kitchen. Brand new oversized driveway for parking up to 6 cars. Plus cover Carport for 4 cars. Needs minor cosmetic touches to bring to it's full potential. No HOA. 3 day Due Diligence.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Timberly

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $79k282k

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

Neighborhood: Timberly

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
Belmont Hills Elementary School Primary Regular 345 37 3
Griffin Middle School Middle Regular 1,196 70 5
Campbell High School High Regular 2,509 135 5

Belmont Hills Elementary School

  • Education Level: Primary
  • # of students: 345
  • # of teachers: 37
3
GreatSchools Rating

Griffin Middle School

  • Education Level: Middle
  • # of students: 1,196
  • # of teachers: 70
5
GreatSchools Rating

Campbell High School

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

$175,500$214,500$195,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$719
Property Tax -$309
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
$277

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.

$195,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.7%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$31,734

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,454

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4803$1,5504$1,5955$1,600
$1,600
RENT COMPS ANALYSIS
  • 184 Cedar Way Se Marietta, GA 2
    • 4 beds 2 baths ∙ 1,499 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,499 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.99
    •  
  • 2885 Lakemont Place Sw Marietta, GA 1
    • 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1974
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.98
    •  
  • 571 Benmac Road Se Smyrna, GA 3
    • 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1954
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.94
    •  
  • 2502 Rockin Hill Lane Sw Marietta, GA 4
    • 4 beds 3 baths ∙ 1,714 Sqft ∙ Built 1957 4 beds 3 baths ∙ 1,714 Sqft ∙ Built 1957
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.93
    •  
  • 370 Floyd Street Smyrna, GA 5
    • 3 beds 3 baths ∙ 1,554 Sqft ∙ Built 1955 3 beds 3 baths ∙ 1,554 Sqft ∙ Built 1955
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.03
    •  
PROPERTY LISTING DETAILS
Gabriela Bishop
1.404.444.1743
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6803522
Last Updated: 11/02/2020
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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