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1980 Branch View Drive Marietta, GA 30062

4 Beds 3 Baths 1,953 sqft Built 1977

$289,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $147.98
  • 3 Days on Market
  • MLS # : 6822988
  • Updated Date : 01/09/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,953 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautiful 4BD/2.5BA 3 Level Home in the Heart of East Cobb! Near the intersection of Scufflegrit Road & Sandy Plains Road, minutes away from Town Center Mall. Ease of access to I-75 and to the many of Grocery & Shopping Stores, Restaurants, and Parks nearby. Beautiful Kitchen & Dinning Room on Main. 3BD/2BA on the Upper Level. Family/ Rec. Room/ Office Space & 1BD/0.5BA with Laundry Room in the Lower Level. 2 Car Garage, Shed, and Greenhouse. Large Private Fenced Backyard, and Landscaped Front Yard.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Neighborhood: Hasty Acres

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $112k321k

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

Neighborhood: Hasty Acres

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9452009

* 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
Kincaid Elementary School Primary Regular 732 51 8
Simpson Middle School Middle Regular 921 58 8
Sprayberry High School High Regular 1,761 104 7

Kincaid Elementary School

  • Education Level: Primary
  • # of students: 732
  • # of teachers: 51
8
GreatSchools Rating

Simpson Middle School

  • Education Level: Middle
  • # of students: 921
  • # of teachers: 58
8
GreatSchools Rating

Sprayberry High School

  • Education Level: High
  • # of students: 1,761
  • # of teachers: 104
7
GreatSchools Rating
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,004
Property Tax -$467
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
$35

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.

$289,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,004

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$14,438

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,777

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6903$1,7604$1,7955$1,850
$1,850
RENT COMPS ANALYSIS
  • 1980 Branch View Drive Marietta, GA 2
    • 4 beds 3 baths ∙ 1,953 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,953 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.87
    •  
  • 1479 Evanston Lane Marietta, GA 1
    • 3 beds 3 baths ∙ 1,877 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,877 Sqft ∙ Built 1996
    property image
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.85
    •  
  • 1724 Chanson Place Marietta, GA 3
    • 3 beds 3 baths ∙ 1,813 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,813 Sqft ∙ Built 1996
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.97
    •  
  • 1305 Glenover Way Marietta, GA 4
    • 3 beds 3 baths ∙ 2,134 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,134 Sqft ∙ Built 1997
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.84
    •  
  • 2015 Kinridge Road Marietta, GA 5
    • 3 beds 3 baths ∙ 1,888 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,888 Sqft ∙ Built 1979
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.98
    •  
PROPERTY LISTING DETAILS
Michael Miller
1.678.886.2280
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6822988
Last Updated: 01/09/2021
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. © 2017 First Multiple Listing Service, Inc.

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