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2225 Granade Road Sw Conyers, GA 30094

4 Beds 2 Baths 1,935 sqft Built 1969

$225,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $116.28
  • 6 Days on Market
  • MLS # : 6824147
  • Updated Date : 01/06/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,935 sqft
  • Baths : 2 full
Listing Agent's Description

All Brick Traditional Ranch. Foyer Entrance. Kitchen w/ hardwood floors open to the Dining room or Den. Large Laundry/mud room with cabinets and pantry area. Large open Family Room/Great Room w/ wood burning stove. Master w/ Master bath. Hardwood floors in the hall bath. 3 bedrooms w/ original hardwood floors. Very versatile home. Several rooms can be used for multiple options. With a few simple personal updates make this home fabulous & yours. Great back yard, completely fenced. Conveniently loacated to shopping, dining, and easy access to I-20. Being sold "As Is".

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 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'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)
  • 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 has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Zip Code: 30094

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $90k209k

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

Zip Code: 30094

ZipNIR Market*CityMarket2010Year20002019 Q290095010001050110011501200125013001350140014501500Rent in $8631509

* 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
Sims Elementary School Primary Regular 551 38 8
Edwards Middle School Middle Regular 885 59 5
Heritage High School High Regular 1,814 86 5

Sims Elementary School

  • Education Level: Primary
  • # of students: 551
  • # of teachers: 38
8
GreatSchools Rating

Edwards Middle School

  • Education Level: Middle
  • # of students: 885
  • # of teachers: 59
5
GreatSchools Rating

Heritage High School

  • Education Level: High
  • # of students: 1,814
  • # of teachers: 86
5
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$782
Property Tax -$257
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
$268

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.

$225,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

10.17

YEARS SAVED

$33,413

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
  • $0.77

    LIST RENT PER SQFT
  • $1,722

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,4903$1,760
$1,760
RENT COMPS ANALYSIS
  • 2225 Granade Road Sw Conyers, GA 2
    • 4 beds 2 baths ∙ 1,935 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,935 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.77
    •  
  • 1614 Cherry Hill Lane Conyers, GA 1
    • 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 1985
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.77
    •  
  • 1630 Sugarmaple Drive Sw Conyers, GA 3
    • 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1986
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $1.01
    •  
PROPERTY LISTING DETAILS
Christie M Phillips
1.678.283.7249
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6824147
Last Updated: 01/06/2021
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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