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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $116.99
- 4 Days on Market
- MLS # : 6824433
- Updated Date : 02/05/2021 at 08:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,778 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
This stunning home is located in the desirable Providence Walk community and is a great location within walking distance to the swimming pool and tennis court. Hard to beat curb appeal with the Charleston Style Front porches. Once you enter this home you are greeted by fresh paint throughout, hardwood floors, & lots of natural light through the abundant windows.The great room features a gas log fireplace to enjoy during this cold weather and opens up to the kitchen that offers granite counters, large center island, stainless steel appliances, walk-in pantry, and bright
SEE MORE
- #1 Most affordable big city (WalletHub, 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'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)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- #1 Moving Destination in the Nation (Penske, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
- Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Providence Walk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Providence Walk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,400 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$265 | |
| Property Insurance | -$81 | |
| HOA | -$42 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$765
|
||
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.
$325,000
PROJECTED PRICE
$2,400
PROJECTED RENT
0.74%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 6.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| 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
$91,875
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
15.25
YEARS SAVED
$81,800
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,400
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,903
COMP ESTIMATED VALUE -
$0.69
COMP AVG. RENT PER SQFT
Comps Range
-
217 Providence Walk Court Canton, GA 3
- 4 beds 3 baths ∙ 2,778 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,778 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $2,400
- $0.86
-
508 Gardenview Road Canton, GA 1
- 4 beds 3 baths ∙ 2,508 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,508 Sqft ∙ Built 2014
LEASED 03/19/20- Rent
- Rent Per SQFT
- $1,700
- $0.68
-
609 Stonehurst Lane Canton, GA 2
- 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2015
LEASED 09/15/20- Rent
- Rent Per SQFT
- $1,800
- $0.69
PROPERTY LISTING DETAILS
1.404.436.1607
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6824433
Last Updated: 02/05/2021
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.
