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2027 Terry Lane Douglasville, GA 30135

3 Beds 2 Baths 1,251 sqft Built 1965

INVESTimate

$150,000

List Price

$1,010

$909 - $1,111

Rent Est.

$161,655  ( +7.77%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1965
  • Price/Sqft : $119.90
  • 3 Days on Market
  • MLS # : 6771317
  • Updated Date : 08/25/2020 at 10:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,251 sqft
  • Baths : 1 full , 1 half
Listing Agent's Description

Wonderful 3 bedroom 1 1/2 bath, 4 sided brick ranch. Laundry off kitchen. Screened back deck. Nice large backyard with storage building. Home is sold as is.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Douglas Heights

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $70k209k

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

Neighborhood: Douglas Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7461509

* 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
Mount Carmel Elementary School Primary Regular 498 32 5
Chestnut Log Middle School Middle Regular 711 45 4
Lithia Springs Comprehensive High School High Regular 1,483 88 4

Mount Carmel Elementary School

  • Education Level: Primary
  • # of students: 498
  • # of teachers: 32
5
GreatSchools Rating

Chestnut Log Middle School

  • Education Level: Middle
  • # of students: 711
  • # of teachers: 45
4
GreatSchools Rating

Lithia Springs Comprehensive High School

  • Education Level: High
  • # of students: 1,483
  • # of teachers: 88
4
GreatSchools Rating
 

$135,000$165,000$150,000

PURCHASE PRICE

$909$1,111$1,010

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,010
EXPENSES Loan Payment -$553
Property Tax -$137
Property Insurance -$51
Property Management Fees -$119
CASH FLOW
$149

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.

$150,000

PROJECTED PRICE

$1,010

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 7.77%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,500

INVESTMENT

$45,500

Down Payment
$37,500
Rehab Estimate
$5,750
Closing Costs
$2,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$553

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $37,500
Loan Amount $112,500
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$18,911

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,010

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,054

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,000
1$1,0002$1,0103$1,2504$1,2755$1,325
$1,325
RENT COMPS ANALYSIS
  • 2027 Terry Lane Douglasville, 2
    • 3 beds 2 baths ∙ 1,251 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,251 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $1,010
    • $0.81
    •  
  • 2864 Warren Road Douglasville, 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1978
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.83
    •  
  • 3300 Stoneybrook Drive Douglasville, 3
    • 4 beds 2 baths ∙ 1,475 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,475 Sqft ∙ Built 1971
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.85
    •  
  • 1661 N Highpoint Drive Douglasville, 4
    • 4 beds 2 baths ∙ 1,525 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,525 Sqft ∙ Built 1968
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.84
    •  
  • 3100 Pritchards Ridge Drive Douglasville, 5
    • 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1982
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.85
    •  
PROPERTY LISTING DETAILS
Bonnie Ahrens
1.770.596.4078
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6771317
Last Updated: 08/25/2020
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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