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2065 Arrowhead Trail Marietta, GA 30062

4 Beds 3 Baths 2,527 sqft Built 1985

$340,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $134.55
  • 5 Days on Market
  • MLS # : 6844246
  • Updated Date : 02/26/2021 at 09:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,527 sqft
  • Baths : 3 full
Listing Agent's Description

Fabulous East Cobb home in great neighborhood. 4 Bedroom 3 Bath large split-level home. Hardwood floors throughout main living areas. Large fireside family room opens to separate dining room, bonus room and large kitchen. Kitchen is upgraded with stainless steel appliances, stone countertops, tons of cabinet space and updated tile backsplash. Finished sunroom is a great spot to entertain or relax on a nice day. Spacious master bedroom and two additional bedrooms on the upper level. Deck overlooks large level fenced back yard with firepit and grilling patio.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)
  • #1 Most affordable big city (WalletHub, 2018)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Sprayberry Station

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Sprayberry Station

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Kincaid Elementary School Primary Regular 732 51 8
Simpson Middle School Middle Regular 921 58 8
Sprayberry High School High Regular 1,761 104 7

Kincaid Elementary School

  • Education Level: Primary
  • # of students: 732
  • # of teachers: 51
8
GreatSchools Rating

Simpson Middle School

  • Education Level: Middle
  • # of students: 921
  • # of teachers: 58
8
GreatSchools Rating

Sprayberry High School

  • Education Level: High
  • # of students: 1,761
  • # of teachers: 104
7
GreatSchools Rating
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,181
Property Tax -$538
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
-$64

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.

$340,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
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$10k$12k$14k

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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$9,719

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,889

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,8804$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 2065 Arrowhead Trail Marietta, GA 2
    • 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.73
    •  
  • 2091 Kinridge Court Marietta, GA 1
    • 4 beds 4 baths ∙ 2,431 Sqft ∙ Built 1977 4 beds 4 baths ∙ 2,431 Sqft ∙ Built 1977
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.74
    •  
  • 2100 Glenridge Court Marietta, GA 3
    • 4 beds 4 baths ∙ 2,622 Sqft ∙ Built 1987 4 beds 4 baths ∙ 2,622 Sqft ∙ Built 1987
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.72
    •  
  • 1734 Wingard Drive Marietta, GA 4
    • 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 1979
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.77
    •  
  • 1461 Rosewood Creek Drive Marietta, GA 5
    • 4 beds 3 baths ∙ 2,578 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,578 Sqft ∙ Built 1993
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.76
    •  
PROPERTY LISTING DETAILS
Courtney Newton
1.770.314.5178
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6844246
Last Updated: 02/26/2021
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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