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2275 Brandon Court Ne Marietta, GA 30066

4 Beds 3 Baths 1,640 sqft Built 1979

$270,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $164.63
  • 3 Days on Market
  • MLS # : 6828781
  • Updated Date : 01/16/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,640 sqft
  • Baths : 3 full
Listing Agent's Description

Come see this hidden gem in Marietta w/new carpet, vinyl, &paint! No HOA! This home won't last long. Vaulted fam rm w/ frpl &an open kitchen make this home perfect for entertaining Sliding glass door off the breakfast area leads to a double deck &screened porch. The owners suite has a sep entrance to the screened porch as well. The basement is finished w/new carpet, fresh paint& a full bath. It could be a teen suit/ lrg game room. The oversized, level yard is fenced.Oversized deep garage for people w/larger SUVs. Top rated schools include Rocky Mtn, Mabry &Lassiter HS.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Brandon Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Brandon Ridge

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
Rocky Mount Elementary School Primary Regular 606 44 9
Mabry Middle School Middle Regular 890 54 9
Lassiter High School High Regular 2,131 118 10

Rocky Mount Elementary School

  • Education Level: Primary
  • # of students: 606
  • # of teachers: 44
9
GreatSchools Rating

Mabry Middle School

  • Education Level: Middle
  • # of students: 890
  • # of teachers: 54
9
GreatSchools Rating

Lassiter High School

  • Education Level: High
  • # of students: 2,131
  • # of teachers: 118
10
GreatSchools Rating
 

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

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$938
Property Tax -$428
Property Insurance -$59
Property Management Fees -$119
CASH FLOW
$27

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

$1,570

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

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 50% down payment or higher enables the proceeds from the asset to cover all costs.

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$13,224

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,570

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,595

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5703$1,6154$1,6255$1,639
$1,639
RENT COMPS ANALYSIS
  • 2275 Brandon Court Ne Marietta, GA 2
    • 4 beds 3 baths ∙ 1,640 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,640 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.96
    •  
  • 4065 Keheley Glen Drive Ne Marietta, GA 1
    • 3 beds 3 baths ∙ 1,588 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,588 Sqft ∙ Built 1986
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.98
    •  
  • 2845 Forest Wood Drive Ne Marietta, GA 3
    • 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1984
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,615
    • $0.93
    •  
  • 4561 Trickum Road Ne Marietta, GA 4
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1984
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.98
    •  
  • 2851 Forest Wood Drive Ne Marietta, GA 5
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1984
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,639
    • $1.00
    •  
PROPERTY LISTING DETAILS
Kes Stadler
1.404.274.6705
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6828781
Last Updated: 01/16/2021
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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