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2055 Stonebrook Drive Austell, GA 30106

4 Beds 3 Baths 2,900 sqft Built 2019

$310,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $106.90
  • 3 Days on Market
  • MLS # : 6815508
  • Updated Date : 12/05/2020 at 08:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,900 sqft
  • Baths : 3 full
Listing Agent's Description

Gorgeous 2019 split level 4 bedroom / 3 bath, open concept home, perfect for entertaining. The gourmet kitchen has a large island, granite countertops, beautiful tile backsplash & stainless steel appliances.

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

Neighborhood: Stonebrook

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Neighborhood: Stonebrook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8171598

* 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
Annette Winn Elementary School Primary Regular 444 29 7
Turner Middle School Middle Regular 792 47 5
Lithia Springs Comprehensive High School High Regular 1,483 88 4

Annette Winn Elementary School

  • Education Level: Primary
  • # of students: 444
  • # of teachers: 29
7
GreatSchools Rating

Turner Middle School

  • Education Level: Middle
  • # of students: 792
  • # of teachers: 47
5
GreatSchools Rating

Lithia Springs Comprehensive High School

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

$279,000$341,000$310,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,144
Property Tax -$283
Property Insurance -$83
HOA -$32
Property Management Fees -$119
CASH FLOW
-$171

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$310,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 3.00%
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

PROJECTED ANNUAL CASH FLOW

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

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$84,150

INVESTMENT

$84,150

Down Payment
$77,500
Rehab Estimate
$2,000
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,838

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.51

    LIST RENT PER SQFT
  • $1,653

    COMP ESTIMATED VALUE
  • $0.57

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,5953$1,6004$1,835
$1,835
RENT COMPS ANALYSIS
  • 2055 Stonebrook Drive Austell, GA 1
    • 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.51
    •  
  • 5045 Landover Way Austell, GA 2
    • 5 beds 3 baths ∙ 2,627 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,627 Sqft ∙ Built 2006
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.61
    •  
  • 4080 Landover Court Austell, GA 3
    • 5 beds 3 baths ∙ 3,163 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,163 Sqft ∙ Built 2005
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.51
    •  
  • 1030 Cureton Drive Austell, GA 4
    • 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2006
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.59
    •  
PROPERTY LISTING DETAILS
Valerie Kratina
1.404.414.5418
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6815508
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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