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192 White Mountain Pass Mcdonough, GA 30252

3 Beds 3 Baths 1,493 sqft Built 2020

$207,000

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $138.65
  • 5 Days on Market
  • MLS # : 6857997
  • Updated Date : 03/26/2021 at 08:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,493 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Great end unit 3 Bed 2 ½ bath townhome available at The Preserve At Mountain Lakes. Great location in MCDonough.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: The Preserve at Mountain Brook

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $103k230k

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

Neighborhood: The Preserve at Mountain Brook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q295010001050110011501200125013001350140014501500Rent in $9301509

* 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
East Lake Elementary School Primary Regular 668 44 7
Union Grove Middle School Middle Regular 1,008 57 8
Union Grove High School High Regular 1,574 97 8

East Lake Elementary School

  • Education Level: Primary
  • # of students: 668
  • # of teachers: 44
7
GreatSchools Rating

Union Grove Middle School

  • Education Level: Middle
  • # of students: 1,008
  • # of teachers: 57
8
GreatSchools Rating

Union Grove High School

  • Education Level: High
  • # of students: 1,574
  • # of teachers: 97
8
GreatSchools Rating
 

$186,300$227,700$207,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$719
Property Tax -$247
Property Insurance -$56
HOA -$99
Property Management Fees -$119
CASH FLOW
$70

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$207,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 3.00%
Vacancy 7.33%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$56,855

INVESTMENT

$56,855

Down Payment
$51,750
Rehab Estimate
$2,000
Closing Costs
$3,105

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$719

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $51,750
Loan Amount $155,250
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$11,493

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,254

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,310
1$1,3102$1,3953$1,425
$1,425
RENT COMPS ANALYSIS
  • 192 White Mountain Pass Mcdonough, GA 1
    • 3 beds 3 baths ∙ 1,493 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,493 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.88
    •  
  • 368 Rankin Circle Mcdonough, GA 2
    • 3 beds 3 baths ∙ 1,731 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,731 Sqft ∙ Built 2016
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.81
    •  
  • 208 Rankin Circle Mcdonough, GA 3
    • 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 2005
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.87
    •  
PROPERTY LISTING DETAILS
Kelly Force
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6857997
Last Updated: 03/26/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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