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 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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Brandon Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,300
LOAN DETAILS
$938
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,500 |
| Loan Amount | $202,500 |
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
-
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
1.404.274.6705
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6828781
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.
