Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2097 Wylmoor Way Se Smyrna, GA 30080

3 Beds 4 Baths 1,862 sqft Built 2007

$309,900

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $166.43
  • 5 Days on Market
  • MLS # : 6818263
  • Updated Date : 12/12/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,862 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Meticulously Maintained !!! Tri-Level Brownstone Style Townhome with All the Upgrades in a Great Location... Interior features Hardwood Floors on the Main Level, Gourmet Kitchen with Granite Countertops, Recessed Lights, Stainless Steel Appliances, Kitchen Island, Tile Backsplash, Under Cabinets Lights, Plantation Shutters, Crown Molding, Wrought Iron Spindles on the Stairs & Fireplace in the Great Room. Owner Suites on the Upper Level with Custom Closet System, Trey Ceiling, Double Vanity & Roomy Tile Shower. Each additional Bedroom has it's own Full Bath with Tile.

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: Views at Park Avenue

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k336k

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

Neighborhood: Views at Park Avenue

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9732139

* 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
Nickajack Elementary School Primary Regular 1,126 75 7
Campbell Middle School Middle Regular 1,416 77 6
Campbell High School High Regular 2,509 135 5

Nickajack Elementary School

  • Education Level: Primary
  • # of students: 1,126
  • # of teachers: 75
7
GreatSchools Rating

Campbell Middle School

  • Education Level: Middle
  • # of students: 1,416
  • # of teachers: 77
6
GreatSchools Rating

Campbell High School

  • Education Level: High
  • # of students: 2,509
  • # of teachers: 135
5
GreatSchools Rating
 

$278,910$340,890$309,900

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,143
Property Tax -$366
Property Insurance -$63
HOA -$188
Property Management Fees -$119
CASH FLOW
$140

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.

$309,900

PROJECTED PRICE

$2,020

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,874

INVESTMENT

$87,874

Down Payment
$77,475
Rehab Estimate
$5,750
Closing Costs
$4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,475
Loan Amount $232,425
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$27,774

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,885

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$2,0003$2,0204$2,0955$2,100
$2,100
RENT COMPS ANALYSIS
  • 2097 Wylmoor Way Se Smyrna, GA 3
    • 3 beds 4 baths ∙ 1,862 Sqft ∙ Built 2007 3 beds 4 baths ∙ 1,862 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $1.08
    •  
  • 1738 Graywood Drive Se Mableton, GA 1
    • 3 beds 3 baths ∙ 1,868 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,868 Sqft ∙ Built 2001
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 2169 Berryhill Circle Se Smyrna, GA 2
    • 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 1996
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.93
    •  
  • 1159 Rhyne Chase Se Smyrna, GA 4
    • 4 beds 3 baths ∙ 2,062 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,062 Sqft ∙ Built 1999
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.02
    •  
  • 2159 Berryhill Circle Smyrna, GA 5
    • 3 beds 3 baths ∙ 1,817 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,817 Sqft ∙ Built 1996
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.16
    •  
PROPERTY LISTING DETAILS
Ronnie Scales
1.404.229.6295
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6818263
Last Updated: 12/12/2020
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.

BESbswy