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1945 Kimberly Road Sw Atlanta, GA 30331

3 Beds 1 Baths 1,320 sqft Built 1960

$180,000

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $136.36
  • 5 Days on Market
  • MLS # : 6833157
  • Updated Date : 01/30/2021 at 17:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,320 sqft
  • Baths : 1 full
Listing Agent's Description

Move in ready home, perfect for first time buyer or investor. 3 spacious bedrooms, with large bonus room perfect for entertaining. Newer roof and fresh paint. Large fenced back yard.

SEE MORE

MARKET HIGHLIGHTS

  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
  • 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)
  • Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
  • 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 World’s Busiest Airport(Airports Council International, 2018)

PRICE & RENT TRENDS

Neighborhood: Ben Hill Terrace

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $48k235k

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

Neighborhood: Ben Hill Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q260070080090010001100120013001400150016001700Rent in $5501714

* 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
Richard Nathaniel Fickett Elementary School Primary Regular 536 42 2
Ralph Johnson Bunche Middle School Middle Regular 771 51 2
Daniel M. Therrell High School High Regular 3

Richard Nathaniel Fickett Elementary School

  • Education Level: Primary
  • # of students: 536
  • # of teachers: 42
2
GreatSchools Rating

Ralph Johnson Bunche Middle School

  • Education Level: Middle
  • # of students: 771
  • # of teachers: 51
2
GreatSchools Rating

Daniel M. Therrell High School

  • Education Level: High
  • # of students:
  • # of teachers:
3
GreatSchools Rating
 

$162,000$198,000$180,000

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$625
Property Tax -$209
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
$224

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.

$180,000

PROJECTED PRICE

$1,230

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.1%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$53,450

INVESTMENT

$53,450

Down Payment
$45,000
Rehab Estimate
$5,750
Closing Costs
$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $45,000
Loan Amount $135,000
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$23,599

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,244

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2303$1,4004$1,4955$1,495
$1,495
RENT COMPS ANALYSIS
  • 1945 Kimberly Road Sw Atlanta, GA 2
    • 3 beds 1 baths ∙ 1,320 Sqft ∙ Built 1960 3 beds 1 baths ∙ 1,320 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $0.93
    •  
  • 1995 Kimberly Road Sw Atlanta, GA 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1971
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.96
    •  
  • 2628 Butner Road Atlanta, GA 3
    • 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1963
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.93
    •  
  • 3568 Glenview Circle Sw Atlanta, GA 4
    • 3 beds 2 baths ∙ 1,573 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,573 Sqft ∙ Built 1965
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.95
    •  
  • 4660 Edwina Lane Sw Atlanta, GA 5
    • 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 1973
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.93
    •  
PROPERTY LISTING DETAILS
Cheyenne Robinson
1.205.559.3184
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6833157
Last Updated: 01/30/2021
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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