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PROPERTY INFO
FACTS
- Single Family
- Built In 1964
- Price/Sqft : $229.21
- 3 Days on Market
- MLS # : 6842847
- Updated Date : 02/20/2021 at 16:51
CONSTRUCTION
- Beds : 3
- Floor Size : 1,527 sqft
- Baths : 2 full
Listing Agent's Description
House is a fixer upper so priced accordingly. Great location. 4 side bricks with 2 car garage. A good opportunity for investors/cash buyers. Tenant occupied. DO NOT DISTURB! DISCLOSURE: Listing agent is related to seller.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Huntley Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Huntley Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,070 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$455 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$223
|
||
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.
$350,000
PROJECTED PRICE
$2,070
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 8.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| 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
$98,500
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
7.67
YEARS SAVED
$35,246
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,070
LIST RENT -
$1.36
LIST RENT PER SQFT
-
$2,191
COMP ESTIMATED VALUE -
$1.44
COMP AVG. RENT PER SQFT
Comps Range
-
1999 Commodore Court Atlanta, GA 2
- 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 1964
- Rent
- Rent Per SQFT
- $2,070
- $1.36
-
2091 Ellwyn Drive Chamblee, GA 1
- 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1975
LEASED 01/02/20- Rent
- Rent Per SQFT
- $1,950
- $1.40
-
1968 Plantation Lane Atlanta, GA 3
- 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 1959
LEASED 02/19/21- Rent
- Rent Per SQFT
- $2,095
- $1.48
-
2242 N Shallowford Road Chamblee, GA 4
- 3 beds 3 baths ∙ 1,655 Sqft ∙ Built 1950 3 beds 3 baths ∙ 1,655 Sqft ∙ Built 1950
LEASED 07/17/20- Rent
- Rent Per SQFT
- $2,200
- $1.33
-
2102 Ellwyn Drive Chamblee, GA 5
- 4 beds 3 baths ∙ 1,698 Sqft ∙ Built 1964 4 beds 3 baths ∙ 1,698 Sqft ∙ Built 1964
LEASED 01/04/21- Rent
- Rent Per SQFT
- $2,600
- $1.53
PROPERTY LISTING DETAILS
1.678.488.8165
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6842847
Last Updated: 02/20/2021
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.
