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2050 Copperfield Circle Decatur, GA 30035

3 Beds 3 Baths 1,619 sqft Built 1969

$165,000

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1969
  • Price/Sqft : $101.91
  • 8 Days on Market
  • MLS # : 6801072
  • Updated Date : 10/27/2020 at 21:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,619 sqft
  • Baths : 3 full
Listing Agent's Description

Perfect opportunity for an investor or contractor! Corner lot 3 Bed / 2 Bath home in the growing community of Decatur. Property is being sold as-is, however, has a tremendous amount of potential! Easy access to the highway and shopping makes it the perfect place to live! Schedule your private showing before it's too late!

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

Zip Code: 30035

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $75k209k

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

Zip Code: 30035

ZipNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8021509

* 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
Snapfinger Elementary School Primary Regular 834 46 2
Columbia Middle School Middle Regular 937 63 2
Columbia High School High Regular 1,211 68 3

Snapfinger Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 46
2
GreatSchools Rating

Columbia Middle School

  • Education Level: Middle
  • # of students: 937
  • # of teachers: 63
2
GreatSchools Rating

Columbia High School

  • Education Level: High
  • # of students: 1,211
  • # of teachers: 68
3
GreatSchools Rating
 

$148,500$181,500$165,000

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$609
Property Tax -$238
Property Insurance -$58
Property Management Fees -$119
CASH FLOW
$246

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.

$165,000

PROJECTED PRICE

$1,270

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 5.0%
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$600k

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$49,475

INVESTMENT

$49,475

Down Payment
$41,250
Rehab Estimate
$5,750
Closing Costs
$2,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$609

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $41,250
Loan Amount $123,750
See What Happens When You Reinvest Cash Flow

10

YEARS SAVED

$28,417

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,226

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,245
1$1,2452$1,2503$1,2704$1,3255$1,350
$1,350
RENT COMPS ANALYSIS
  • 2050 Copperfield Circle Decatur, GA 3
    • 3 beds 3 baths ∙ 1,619 Sqft ∙ Built 1969 3 beds 3 baths ∙ 1,619 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.78
    •  
  • 3986 Kirksford Drive Decatur, GA 1
    • 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1961
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.78
    •  
  • 3924 Bressler Circle Decatur, GA 2
    • 3 beds 3 baths ∙ 1,759 Sqft ∙ Built 1969 3 beds 3 baths ∙ 1,759 Sqft ∙ Built 1969
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.71
    •  
  • 3891 Northstrand Drive Decatur, GA 4
    • 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 1969
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.76
    •  
  • 3865 Kirksford Drive Decatur, GA 5
    • 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1960
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.78
    •  
PROPERTY LISTING DETAILS
Mark Spain
1.770.886.9000
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6801072
Last Updated: 10/27/2020
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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