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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $111.23
- 4 Days on Market
- MLS # : 6836273
- Updated Date : 02/05/2021 at 08:52
CONSTRUCTION
- Beds : 4
- Floor Size : 2,697 sqft
- Baths : 3 full , 1 half
Listing Agent's Description
INVESTOR SPECIAL: Cul-de-sac lot offers a private backyard. Master on main with a sitting room. Upstairs has 3 bedrooms and 2 full bathrooms. Full unfinished basement with a 3rd car garage with enough space to fit 3 cars in that section alone. Home needs work, it is being sold as-is with lots of potential for a savvy investor. This home is being sold in AS-IS condition with a number of needed repairs. This home is not eligible for FHA or VA loans. The home is OCCUPIED, so please schedule for showings.
SEE MORE
- #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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Copper Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Copper Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,200 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$286 | |
| Property Insurance | -$79 | |
| HOA | -$35 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$639
|
||
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.
$300,000
PROJECTED PRICE
$2,200
PROJECTED RENT
0.73%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 8.3% |
| 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
$85,250
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
14.42
YEARS SAVED
$71,079
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,200
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$2,265
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
204 Silver Walk Canton, GA 2
- 4 beds 4 baths ∙ 2,697 Sqft ∙ Built 1998 4 beds 4 baths ∙ 2,697 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $2,200
- $0.82
-
529 Crestmont Lane Canton, GA 1
- 4 beds 3 baths ∙ 2,445 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,445 Sqft ∙ Built 2007
LEASED 07/09/20- Rent
- Rent Per SQFT
- $1,815
- $0.74
-
1087 Blankets Creek Drive Canton, GA 3
- 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 2013
LEASED 06/24/20- Rent
- Rent Per SQFT
- $2,400
- $0.94
PROPERTY LISTING DETAILS
1.678.232.8624
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6836273
Last Updated: 02/05/2021
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.
