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2008 Santenay Drive Sw Marietta, GA 30008

4 Beds 3 Baths 1,365 sqft Built 1996

$245,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $180.15
  • 10 Days on Market
  • MLS # : 6821378
  • Updated Date : 01/22/2021 at 14:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,365 sqft
  • Baths : 3 full
Listing Agent's Description

The beautiful curb appeal of this 4 bedroom and 3 bathroom property invites you inside this spacious home in the prestigious Wilmington community of Marietta. This split-level home is sure to impress you with the quality wood flooring throughout the main floor and the fantastic corner gas fireplace with built-in shelving that is guaranteed to be a center point while entertaining guests. After a busy day, retire to your main floor primary bedroom, which includes a walk-in closet and an ensuite bathroom boasting a double vanity and separate shower & tub.

SEE MORE

MARKET HIGHLIGHTS

  • 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

Neighborhood: Wilmington

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $103k282k

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

Neighborhood: Wilmington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9731868

* 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
Cheatham Hill Elementary School Primary Regular 1,109 73 7
Smitha Middle School Middle Regular 986 65 5
Osborne High School High Regular 1,999 123 3

Cheatham Hill Elementary School

  • Education Level: Primary
  • # of students: 1,109
  • # of teachers: 73
7
GreatSchools Rating

Smitha Middle School

  • Education Level: Middle
  • # of students: 986
  • # of teachers: 65
5
GreatSchools Rating

Osborne High School

  • Education Level: High
  • # of students: 1,999
  • # of teachers: 123
3
GreatSchools Rating
 

$221,310$270,490$245,900

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$854
Property Tax -$389
Property Insurance -$54
HOA -$13
Property Management Fees -$119
CASH FLOW
$91

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.

$245,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 9.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,914

INVESTMENT

$70,914

Down Payment
$61,475
Rehab Estimate
$5,750
Closing Costs
$3,689

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$854

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,475
Loan Amount $184,425
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$14,444

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,156

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,169
1$1,1692$1,2103$1,3754$1,520
$1,520
RENT COMPS ANALYSIS
  • 2008 Santenay Drive Sw Marietta, GA 4
    • 4 beds 3 baths ∙ 1,365 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,365 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $1.11
    •  
  • 1237 Fairridge Circle Sw Marietta, GA 1
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1981
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,169
    • $0.90
    •  
  • 2403 Hillboro Circle Sw Marietta, GA 2
    • 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1981
    LEASED 07/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.82
    •  
  • 1423 Glynn Oaks Drive Sw Marietta, GA 3
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1985
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.82
    •  
PROPERTY LISTING DETAILS
Michelle Sanders
1.678.884.7933
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6821378
Last Updated: 01/22/2021
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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