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2127 W Carlyle Court Marietta, GA 30062

4 Beds 3 Baths 1,968 sqft Built 1978

INVESTimate

$275,000

List Price

$1,750

$1,575 - $1,925

Rent Est.

$290,373  ( +5.59%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1978
  • Price/Sqft : $139.74
  • 15 Days on Market
  • MLS # : 6768069
  • Updated Date : 08/20/2020 at 14:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,968 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Extraordinary value in Pope High School. This lovely contemporary home is located on a quiet street In East Cobb. With 4 bedrooms and 2 and 1/2 baths, it gives you lots of options. As you walk in the soaring tongue and groove ceiling grabs your eye in the fireside family room. A few steps up toke you to the sleeping quarters and a few steps down take you to the beautiful kitchen with light stained cabinets and granite. There is an eat in kitchen area, pantry and the laundry. This house needs a little love and is priced accordingly. Come make it your home.

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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

Neighborhood: Cedar Hill Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k326k

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

Neighborhood: Cedar Hill Estates

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
Tritt Elementary School Primary Regular 892 58 9
Hightower Trail Middle School Middle Regular 1,063 62 10
Pope High School High Regular 1,929 102 9

Tritt Elementary School

  • Education Level: Primary
  • # of students: 892
  • # of teachers: 58
9
GreatSchools Rating

Hightower Trail Middle School

  • Education Level: Middle
  • # of students: 1,063
  • # of teachers: 62
10
GreatSchools Rating

Pope High School

  • Education Level: High
  • # of students: 1,929
  • # of teachers: 102
9
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,015
Property Tax -$529
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
$22

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.

$275,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.59%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$14,631

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,796

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,9753$2,0004$2,0505$2,100
$2,100
RENT COMPS ANALYSIS
  • 2127 W Carlyle Court Marietta, 1
    • 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.89
    •  
  • 1990 O Shea Lane Marietta, 2
    • 4 beds 2 baths ∙ 2,297 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,297 Sqft ∙ Built 1979
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.86
    •  
  • 1595 Bill Murdock Road Marietta, 3
    • 4 beds 4 baths ∙ 2,230 Sqft ∙ Built 1979 4 beds 4 baths ∙ 2,230 Sqft ∙ Built 1979
    LEASED 07/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.90
    •  
  • 3263 Holly Mill Run Marietta, 4
    • 4 beds 3 baths ∙ 2,102 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,102 Sqft ∙ Built 1980
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.98
    •  
  • 3999 Tall Pine Drive Marietta, 5
    • 4 beds 2 baths ∙ 2,303 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,303 Sqft ∙ Built 1980
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.91
    •  
PROPERTY LISTING DETAILS
Lisa Wrenn
1.404.247.4940
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6768069
Last Updated: 08/20/2020
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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