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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $146.68
- 2 Days on Market
- MLS # : 6817054
- Updated Date : 12/19/2020 at 07:40
CONSTRUCTION
- Beds : 3
- Floor Size : 1,493 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Cozy up in this perfect 3 bedroom/2.5 bath city home in gated swim community. This home features a new roof, new HVAC components, hardwoods throughout, vaulted ceilings, built in bookcases, fireplace in great room, ample sized master and secondary rooms, 2 car garage and fenced in yard. This home is low maintenance and ready to welcome new owners.
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)
- 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)
- #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)
PRICE & RENT TRENDS
Zip Code: 30141
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30141
* 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 | -$808 |
| Property Tax | -$193 | |
| Property Insurance | -$56 | |
| HOA | -$84 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$230
|
||
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.
$219,000
PROJECTED PRICE
$1,490
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 9.7% |
| 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
$63,785
LOAN DETAILS
$808
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $54,750 |
| Loan Amount | $164,250 |
9.33
YEARS SAVED
$33,345
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
LIST RENT PER SQFT
-
$1,314
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
227 Highland Falls Drive Hiram, GA 5
- 3 beds 3 baths ∙ 1,493 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,493 Sqft ∙ Built 2004
![property image]()
- Rent
- Rent Per SQFT
- $1,490
- $1.00
-
33 Arrowhead Drive Dallas, GA 1
- 3 beds 3 baths ∙ 1,376 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,376 Sqft ∙ Built 2002
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LEASED 08/30/19- Rent
- Rent Per SQFT
- $1,200
- $0.87
-
158 Topaz Drive Dallas, GA 2
- 3 beds 3 baths ∙ 1,452 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,452 Sqft ∙ Built 2004
![property image]()
LEASED 11/22/19- Rent
- Rent Per SQFT
- $1,250
- $0.86
-
57 Arrowhead Drive Dallas, GA 3
- 3 beds 3 baths ∙ 1,490 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,490 Sqft ∙ Built 2002
![property image]()
LEASED 01/15/20- Rent
- Rent Per SQFT
- $1,300
- $0.87
-
484 Greystone Parkway Hiram, GA 4
- 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2005
![property image]()
LEASED 06/08/20- Rent
- Rent Per SQFT
- $1,375
- $0.92
PROPERTY LISTING DETAILS
1.404.667.1780
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6817054
Last Updated: 12/19/2020
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.
