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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $119.29
- 3 Days on Market
- MLS # : 6813241
- Updated Date : 11/28/2020 at 08:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,011 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Location, Location, Location! This home is just super cute and adorable. Very close to shopping and the interstate and in Sequoyah High School District. Make this master on main 3/2.5 yours today.
SEE MORE
- 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)
- #1 Most affordable big city (WalletHub, 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'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)
PRICE & RENT TRENDS
Neighborhood: The Overlook of Holly Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Overlook of Holly Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$885 |
| Property Tax | -$232 | |
| Property Insurance | -$66 | |
| HOA | -$26 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$372
|
||
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.
$239,900
PROJECTED PRICE
$1,700
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 6.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,324
LOAN DETAILS
$885
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,975 |
| Loan Amount | $179,925 |
11.75
YEARS SAVED
$51,834
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,755
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
192 Overlook Circle Canton, GA 4
- 3 beds 3 baths ∙ 2,011 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,011 Sqft ∙ Built 2007
![property image]()
- Rent
- Rent Per SQFT
- $1,700
- $0.85
-
301 Westminster Drive Canton, GA 1
- 3 beds 3 baths ∙ 1,722 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,722 Sqft ∙ Built 2001
![property image]()
LEASED 10/02/19- Rent
- Rent Per SQFT
- $1,400
- $0.81
-
140 Holly Mill Village Drive Canton, GA 2
- 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 2004
![property image]()
LEASED 08/24/20- Rent
- Rent Per SQFT
- $1,600
- $0.87
-
219 Manous Way Canton, GA 3
- 3 beds 3 baths ∙ 1,838 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,838 Sqft ∙ Built 2013
![property image]()
LEASED 09/07/20- Rent
- Rent Per SQFT
- $1,700
- $0.92
-
104 Manous Drive Canton, GA 5
- 4 beds 3 baths ∙ 2,131 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,131 Sqft ∙ Built 2007
![property image]()
LEASED 07/22/20- Rent
- Rent Per SQFT
- $1,895
- $0.89
PROPERTY LISTING DETAILS
1.770.843.9509
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6813241
Last Updated: 11/28/2020
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.
