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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $118.70
- 1 Days on Market
- MLS # : 6818464
- Updated Date : 12/19/2020 at 23:40
CONSTRUCTION
- Beds : 4
- Floor Size : 1,979 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Beautiful 1-year young traditional in Locust Grove Station's Derringstone Manor checks all the boxes! Like new construction -- except it's actually available *right now*! Efficient electric, stainless and granite, security and smart features throughout. Gorgeous open floor plan on main level great for entertaining. Deck and wooded backyard. Convenient laundry closet upstairs. Stunning master suite features trey ceiling, huge walk-in closet & spacious master bath. 3 additional bedrooms upstairs share hall bath. 2 car garage. Check out the Zillow 3D Virtual Walkthrough!
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Neighborhood: Derringstone Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Derringstone Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,510 |
| EXPENSES | Loan Payment | -$867 |
| Property Tax | -$258 | |
| Property Insurance | -$65 | |
| HOA | -$19 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$182
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$234,900
PROJECTED PRICE
$1,510
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 5.0% |
| Maintenance Year (1-5) | 3.00% |
| 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
$64,249
LOAN DETAILS
$867
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $58,725 |
| Loan Amount | $176,175 |
7.25
YEARS SAVED
$25,458
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,514
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
2149 Theberton Trail Locust Grove, GA 4
- 4 beds 3 baths ∙ 1,979 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,979 Sqft ∙ Built 2019
![property image]()
- Rent
- Rent Per SQFT
- $1,510
- $0.76
-
529 Kirkland Drive Locust Grove, GA 1
- 4 beds 3 baths ∙ 1,887 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,887 Sqft ∙ Built 2018
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LEASED 12/31/19- Rent
- Rent Per SQFT
- $1,395
- $0.74
-
495 Kirkland Drive Locust Grove, GA 2
- 4 beds 3 baths ∙ 1,893 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,893 Sqft ∙ Built 2018
![property image]()
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,395
- $0.74
-
1126 Saint Phillips Court Locust Grove, GA 3
- 3 beds 3 baths ∙ 2,014 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,014 Sqft ∙ Built 2004
![property image]()
LEASED 05/12/20- Rent
- Rent Per SQFT
- $1,470
- $0.73
-
525 Kirkland Drive Locust Grove, GA 5
- 4 beds 3 baths ∙ 1,887 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,887 Sqft ∙ Built 2018
![property image]()
LEASED 05/12/20- Rent
- Rent Per SQFT
- $1,610
- $0.85
PROPERTY LISTING DETAILS
1.678.757.4550
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6818464
Last Updated: 12/19/2020
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.
