Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $182.85
- 3 Days on Market
- MLS # : 6831646
- Updated Date : 01/23/2021 at 08:00
CONSTRUCTION
- Beds : 5
- Floor Size : 1,586 sqft
- Baths : 3 full , 1 half
Listing Agent's Description
Great location close to everything, highways, restaurants, shopping. 2 bedrooms, 1 bath, full kitchen in the basement, 3 bedrooms 2 bathrooms on the top level, half bath on the main level with separate living and dining rooms, built in bar, single care garage. and more, contact agent or showing time for appointment
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Zip Code: 30096
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30096
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$1,007 |
| Property Tax | -$353 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$113
|
||
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.
$290,000
PROJECTED PRICE
$1,650
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 8.2% |
| 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
$82,600
LOAN DETAILS
$1,007
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,500 |
| Loan Amount | $217,500 |
6
YEARS SAVED
$19,576
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$1,598
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
1994 Valley Ridge Lane Duluth, GA 5
- 5 beds 4 baths ∙ 1,586 Sqft ∙ Built 1982 5 beds 4 baths ∙ 1,586 Sqft ∙ Built 1982
- Rent
- Rent Per SQFT
- $1,650
- $1.04
-
4412 Creek Ford Trace Duluth, GA 1
- 4 beds 3 baths ∙ 1,478 Sqft ∙ Built 1983 4 beds 3 baths ∙ 1,478 Sqft ∙ Built 1983
LEASED 09/04/19- Rent
- Rent Per SQFT
- $1,400
- $0.95
-
2472 Westhill Court Norcross, GA 2
- 4 beds 2 baths ∙ 1,450 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,450 Sqft ∙ Built 1976
LEASED 06/05/20- Rent
- Rent Per SQFT
- $1,460
- $1.01
-
4690 Broadwater Trail Duluth, GA 3
- 4 beds 2 baths ∙ 1,462 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,462 Sqft ∙ Built 1986
LEASED 04/25/20- Rent
- Rent Per SQFT
- $1,500
- $1.03
-
2655 Meadow Bend Court Duluth, GA 4
- 4 beds 2 baths ∙ 1,488 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,488 Sqft ∙ Built 1983
LEASED 10/04/19- Rent
- Rent Per SQFT
- $1,550
- $1.04
PROPERTY LISTING DETAILS
1.678.887.4983
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6831646
Last Updated: 01/23/2021
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.
