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2042 Sw Jones Road Nw Atlanta, GA 30318

3 Beds 3 Baths 1,203 sqft Built 1960

$225,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $187.03
  • 4 Days on Market
  • MLS # : 6839352
  • Updated Date : 02/13/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,203 sqft
  • Baths : 3 full
Listing Agent's Description

Welcome to this Beautifully Upgraded Home.This home is move in ready! This gorgeous split level floor plan needs nothing. Beautiful open main floor with large kitchen featuring new counter tops and appliances. All new laminate flooring and paint throughout. Upstairs features a classic 3 bedroom layout. Downstairs is finished, and could be used for extra living space if needed. This recently renovated home is ready to entertain.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Collier Heights

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $64k235k

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

Neighborhood: Collier Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q260070080090010001100120013001400150016001700Rent in $5031714

* 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
Usher-collier Hieghts Elementary School Primary Regular 436 31 3
Charles Lincoln Harper - Samuel Howard Archer Middle School Middle Regular 667 46 1
Frederick Douglass High School High Regular 826 66 2

Usher-collier Hieghts Elementary School

  • Education Level: Primary
  • # of students: 436
  • # of teachers: 31
3
GreatSchools Rating

Charles Lincoln Harper - Samuel Howard Archer Middle School

  • Education Level: Middle
  • # of students: 667
  • # of teachers: 46
1
GreatSchools Rating

Frederick Douglass High School

  • Education Level: High
  • # of students: 826
  • # of teachers: 66
2
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$782
Property Tax -$261
Property Insurance -$50
Property Management Fees -$119
CASH FLOW
$138

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.

$225,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) -1.4%
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$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$15,855

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,540

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$1,225
1$1,2252$1,2953$1,3504$1,3505$1,500
$1,500
RENT COMPS ANALYSIS
  • 2042 Sw Jones Road Nw Atlanta, GA 4
    • 3 beds 3 baths ∙ 1,203 Sqft ∙ Built 1960 3 beds 3 baths ∙ 1,203 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.12
    •  
  • 285 Argus Circle Nw Atlanta, GA 1
    • 3 beds 2 baths ∙ 1,025 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,025 Sqft ∙ Built 1960
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $1.20
    •  
  • 3609 Croft Place Nw Atlanta, GA 2
    • 3 beds 2 baths ∙ 1,025 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,025 Sqft ∙ Built 1959
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.26
    •  
  • 3410 Adkins Road Nw Atlanta, GA 3
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1961
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.23
    •  
  • 872 Harwell Road Nw Atlanta, GA 5
    • 3 beds 2 baths ∙ 1,050 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,050 Sqft ∙ Built 1959
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.43
    •  
PROPERTY LISTING DETAILS
Adriana Zeutenhorst
1.404.368.2911
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6839352
Last Updated: 02/13/2021
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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