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1889 Roble Drive Atlanta, GA 30349

4 Beds 3 Baths 1,976 sqft Built 2016

$200,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $101.21
  • 6 Days on Market
  • MLS # : 6802392
  • Updated Date : 10/30/2020 at 14:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,976 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Stunning home at Crenshaw Park! Swanky hardwoods in foyer lead to inviting living room w/ warm fireplace. Tall ceilings throughout main level make this a top notch home! Fabulous kitchen includes granite counters, hardwood cabinets, tile backsplash & island. Look up in the master retreat to see a gorgeous trey ceiling! Look further and you'll find a master bath w/dual vanity, separate tub & shower, & huge walk-in closet. Additional bedrooms have vaulted ceilings & spacious closets!

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

Zip Code: 30349

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $82k235k

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

Zip Code: 30349

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8171714

* 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
Northcutt Elementary School Primary Regular 652 35 4
North Clayton Middle School Middle Regular 827 45 5
North Clayton High School High Regular 886 46 2

Northcutt Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 35
4
GreatSchools Rating

North Clayton Middle School

  • Education Level: Middle
  • # of students: 827
  • # of teachers: 45
5
GreatSchools Rating

North Clayton High School

  • Education Level: High
  • # of students: 886
  • # of teachers: 46
2
GreatSchools Rating
 

$180,000$220,000$200,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$738
Property Tax -$215
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
$262

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.

$200,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.70%

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$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$32,655

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,472

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,335
1$1,3352$1,4003$1,4204$1,5005$1,695
$1,695
RENT COMPS ANALYSIS
  • 1889 Roble Drive Atlanta, GA 2
    • 4 beds 3 baths ∙ 1,976 Sqft ∙ Built 2016 4 beds 3 baths ∙ 1,976 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.71
    •  
  • 6607 Splitpine Court Atlanta, GA 1
    • 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 2006
    property image
    LEASED 07/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,335
    • $0.69
    •  
  • 2196 Crossrail Drive Atlanta, GA 3
    • 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 2007
    property image
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.75
    •  
  • 5999 Nile Court Atlanta, GA 4
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2008
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.70
    •  
  • 1595 Danube Court Atlanta, GA 5
    • 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 2007
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.84
    •  
PROPERTY LISTING DETAILS
Angela Mays
1.330.774.2036
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6802392
Last Updated: 10/30/2020
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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