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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $102.77
- 5 Days on Market
- MLS # : 6833189
- Updated Date : 01/28/2021 at 08:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,384 sqft
- Baths : 3 full , 1 half
Listing Agent's Description
This amazing home has all the space you would need for a growing family, includes a formal dining room, den/office or bedroom on the 1st floor, a large fenced in backyard. Floor plan is perfect for in-law/guest suite with bedroom and full bath on main level. The upstairs you will find 4 additional bedrooms including the spacious master suite, Master bedroom boasts his and her closets, sitting room, and a fireplace. Kitchen includes tiled backsplash, breakfast area/bar.
SEE MORE
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
- Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
- 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 World’s Busiest Airport(Airports Council International, 2018)
PRICE & RENT TRENDS
Neighborhood: The Colonies at Williamsburg Plantation
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Colonies at Williamsburg Plantation
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$851 |
| Property Tax | -$281 | |
| Property Insurance | -$73 | |
| HOA | -$42 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$354
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.
$245,000
PROJECTED PRICE
$1,720
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 6.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$70,675
LOAN DETAILS
$851
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $61,250 |
| Loan Amount | $183,750 |
10.08
YEARS SAVED
$37,052
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$1,693
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
-
2135 Grant Avenue Locust Grove, GA 2
- 5 beds 4 baths ∙ 2,384 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,384 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $1,720
- $0.72
-
2133 Grant Avenue Mcdonough, GA 1
- 4 beds 3 baths ∙ 2,276 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,276 Sqft ∙ Built 2006
![property image]()
LEASED 09/23/19- Rent
- Rent Per SQFT
- $1,625
- $0.71
PROPERTY LISTING DETAILS
1.678.524.6459
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6833189
Last Updated: 01/28/2021
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.
