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215 Ascott Lane 
Woodstock, GA
30189
3 Beds 3 Baths 1,745 sqft
Built 2005
INVESTimate
$270,000
List Price
$77,300
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PROPERTY INFO
FACTS
- Built In 2005
- Price/Sqft : $154.73
- 1 Days on Market
- MLS # : 6767996
- Updated Date : 08/25/2020 at 23:40
CONSTRUCTION
- Beds : 3
- Floor Size : 1,745 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Craftsman home in popular Etowah HS district with lots of upgrades. Rocking chair front porch. Hand scraped wide plank flooring on main level. Kitchen has new flooring, granite counters, high end stainless steel appliances, large pantry and upgraded lights and fixtures. Enjoy the view of the private fenced backyard with a pretty pergola from the dining and family room areas. Relaxing master suite offers more premium finishes with a raised vanity with granite counter, newly remodeled tiled shower with rimless glass door, soaking tub and updated lighting and fixtures.
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
Neighborhood: Belmont Trace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Belmont Trace
* 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 | $1,630 |
| EXPENSES | Loan Payment | -$996 |
| Property Tax | -$220 | |
| Property Insurance | -$61 | |
| HOA | -$40 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$194
|
||
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.
$270,000
PROJECTED PRICE
$1,630
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 7.51% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,300
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,500 |
| Loan Amount | $202,500 |
8.5
YEARS SAVED
$36,204
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,630
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,623
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
215 Ascott Lane Woodstock, 2
- 3 beds 3 baths ∙ 1,745 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,745 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,630
- $0.93
-
205 Ascott Lane Woodstock, 1
- 3 beds 3 baths ∙ 1,679 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,679 Sqft ∙ Built 2005
LEASED 10/15/19- Rent
- Rent Per SQFT
- $1,550
- $0.92
-
231 Ascott Lane Woodstock, 3
- 3 beds 3 baths ∙ 1,813 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,813 Sqft ∙ Built 2005
LEASED 11/22/19- Rent
- Rent Per SQFT
- $1,650
- $0.91
-
6004 Seren Cove Woodstock, 4
- 3 beds 3 baths ∙ 1,734 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,734 Sqft ∙ Built 1994
LEASED 11/26/19- Rent
- Rent Per SQFT
- $1,650
- $0.95
-
226 Ascott Lane Woodstock, 5
- 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 2005
LEASED 06/09/20- Rent
- Rent Per SQFT
- $1,770
- $0.94
PROPERTY LISTING DETAILS
1.678.520.6025
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6767996
Last Updated: 08/25/2020
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.
