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202 Courtland Oaks Drive Sw Marietta, GA 30060

4 Beds 3 Baths 2,673 sqft Built 2003

$325,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $121.59
  • 2 Days on Market
  • MLS # : 6806338
  • Updated Date : 12/05/2020 at 03:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,673 sqft
  • Baths : 3 full
Listing Agent's Description

Rare home for sale in the cozy subdivision of Courtland Oaks in Marietta! Move in ready, beautifully landscaped home with four bedrooms on a fabulous corner lot with a sprawling yard! Come see the all the upgrades..brand new hardwoods, fresh paint, cleaned carpets, new stair rails, and RING system with 6 cameras! The sellers are leaving for your enjoyment a 65 inch television and Bose system as well as a swing set for the kiddos! The pristine kitchen boasts a brand new microwave and dishwasher.

SEE MORE

MARKET HIGHLIGHTS

  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • 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)
  • 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 30060

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $80k282k

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

Zip Code: 30060

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8171868

* 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
Norton Park Elementary School Primary Regular 884 69 4
Floyd Middle School Middle Regular 935 54 4
Osborne High School High Regular 1,999 123 3

Norton Park Elementary School

  • Education Level: Primary
  • # of students: 884
  • # of teachers: 69
4
GreatSchools Rating

Floyd Middle School

  • Education Level: Middle
  • # of students: 935
  • # of teachers: 54
4
GreatSchools Rating

Osborne High School

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

$292,500$357,500$325,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,199
Property Tax -$515
Property Insurance -$79
HOA -$33
Property Management Fees -$119
CASH FLOW
$135

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.

$325,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.7%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$18,012

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,426

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,075
1$2,0752$2,0803$2,3004$2,3505$2,750
$2,750
RENT COMPS ANALYSIS
  • 202 Courtland Oaks Drive Sw Marietta, GA 2
    • 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.78
    •  
  • 4713 Vineyard Court Se Smyrna, GA 1
    • 4 beds 2 baths ∙ 2,472 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,472 Sqft ∙ Built 1994
    property image
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.84
    •  
  • 2555 Haddenham Lane Sw Smyrna, GA 3
    • 4 beds 3 baths ∙ 2,434 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,434 Sqft ∙ Built 2000
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.94
    •  
  • 183 Ennisbrook Drive Se Smyrna, GA 4
    • 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 2002
    property image
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.93
    •  
  • 178 Still Pine Bend Smyrna, GA 5
    • 4 beds 3 baths ∙ 2,996 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,996 Sqft ∙ Built 2016
    property image
    LEASED 07/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.92
    •  
PROPERTY LISTING DETAILS
Elizabeth Espy
1.678.778.0338
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6806338
Last Updated: 12/05/2020
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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