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2103 Graystone Parkway 
Grayson, GA
30017
3 Beds 2 Baths 1,933 sqft
Built 1989
INVESTimate
$269,900
List Price
$77,274
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PROPERTY INFO
FACTS
- Built In 1989
- Price/Sqft : $139.63
- 2 Days on Market
- MLS # : 6772289
- Updated Date : 08/26/2020 at 00:27
CONSTRUCTION
- Beds : 3
- Floor Size : 1,933 sqft
- Baths : 2 full
Listing Agent's Description
Welcome home to this BREATHTAKING 4 sided brick leveled ranch home! Freshly painted throughout, Wide foyer at entrance, separate FRONT dinning area room with tray ceilings and chandelier, spacious family room with fire place with tray ceilings, separate breakfast bar, next the the white kitchen with MARBLE countertops, SS appliances, incl. dishwasher, Master Bath with double vanity, garden tub with separate standing shower, WALK IN CLOSETS, and spacious OPEN washer and dryer room. Partial basement includes room/ office space ready to be completed with your touches!
SEE MORE
- #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: 30017
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30017
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,490 |
| EXPENSES | Loan Payment | -$996 |
| Property Tax | -$282 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$29
|
||
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.
$269,900
PROJECTED PRICE
$1,490
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 6.20% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,274
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,475 |
| Loan Amount | $202,425 |
5.5
YEARS SAVED
$18,634
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 -
$0.77
LIST RENT PER SQFT
-
$1,556
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
2103 Graystone Parkway Grayson, 3
- 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 1989
![property image]()
- Rent
- Rent Per SQFT
- $1,490
- $0.77
-
2202 Graystone Parkway Grayson, 1
- 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 1974
![property image]()
LEASED 04/02/19- Rent
- Rent Per SQFT
- $1,425
- $0.77
-
1970 Shoreline Trace Grayson, 2
- 4 beds 2 baths ∙ 1,883 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,883 Sqft ∙ Built 1982
![property image]()
LEASED 01/06/20- Rent
- Rent Per SQFT
- $1,450
- $0.77
-
1315 Cone Circle Grayson, 4
- 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 1985
![property image]()
LEASED 04/09/20- Rent
- Rent Per SQFT
- $1,645
- $0.85
-
1108 Winding Down Way Grayson, 5
- 4 beds 3 baths ∙ 2,120 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,120 Sqft ∙ Built 2003
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,750
- $0.83
PROPERTY LISTING DETAILS
1.678.871.7714
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6772289
Last Updated: 08/26/2020
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.
