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215 Ascott Lane Woodstock, GA 30189

3 Beds 3 Baths 1,745 sqft Built 2005

INVESTimate

$270,000

List Price

$1,630

$1,467 - $1,793

Rent Est.

$290,277  ( +7.51%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
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

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: Belmont Trace

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Belmont Trace

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
Boston Elementary School Primary Regular 616 38 6
E.t. Booth Middle School Middle Regular 1,692 91 8
Etowah High School High Regular 2,411 125 8

Boston Elementary School

  • Education Level: Primary
  • # of students: 616
  • # of teachers: 38
6
GreatSchools Rating

E.t. Booth Middle School

  • Education Level: Middle
  • # of students: 1,692
  • # of teachers: 91
8
GreatSchools Rating

Etowah High School

  • Education Level: High
  • # of students: 2,411
  • # of teachers: 125
8
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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 $1,630
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

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

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
$1,550
1$1,5502$1,6303$1,6504$1,6505$1,770
$1,770
RENT COMPS ANALYSIS
  • 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
Christy Hiatt
1.678.520.6025
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6767996
Last Updated: 08/25/2020
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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