Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $169.12
- 3 Days on Market
- MLS # : 6828524
- Updated Date : 01/16/2021 at 08:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,360 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Move in ready home in excellent location! This cute home has been freshly painted throughout, as well as the kitchen cabinets have been painted. The main level features maple laminate flooring. There is a breakfast area off kitchen that features a sliding door to the private, fenced backyard. Upstairs features three bedrooms and two bathrooms.
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)
- #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)
- #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)
PRICE & RENT TRENDS
Neighborhood: The Village at Holly Mill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Village at Holly Mill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,490 |
| EXPENSES | Loan Payment | -$799 |
| Property Tax | -$234 | |
| Property Insurance | -$53 | |
| HOA | -$28 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$256
|
||
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.
$230,000
PROJECTED PRICE
$1,490
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 6.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| 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
$66,700
LOAN DETAILS
$799
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $57,500 |
| Loan Amount | $172,500 |
9.67
YEARS SAVED
$32,391
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$1,340
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
219 Osmanthus Way Canton, GA 4
- 3 beds 3 baths ∙ 1,360 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,360 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $1,490
- $1.10
-
131 Nacoochee Way Canton, GA 1
- 3 beds 3 baths ∙ 1,365 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,365 Sqft ∙ Built 2004
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,350
- $0.99
-
143 Ilex Drive Canton, GA 2
- 3 beds 3 baths ∙ 1,360 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,360 Sqft ∙ Built 2003
LEASED 01/30/20- Rent
- Rent Per SQFT
- $1,425
- $1.05
-
604 Red Oak Court Canton, GA 3
- 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 2003
LEASED 10/15/20- Rent
- Rent Per SQFT
- $1,450
- $0.94
-
310 Pieris Drive Canton, GA 5
- 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 2003
LEASED 01/04/21- Rent
- Rent Per SQFT
- $1,500
- $0.96
PROPERTY LISTING DETAILS
1.678.525.6455
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6828524
Last Updated: 01/16/2021
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. © 2017 First Multiple Listing Service, Inc.
