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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $113.68
- 13 Days on Market
- MLS # : 6835330
- Updated Date : 02/11/2021 at 08:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,617 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Nice 4 bedroom, 2.5 bath. This one will not last long. Corner lot!! This property is 25 minutes from downtown Atlanta. Shopping mall, schools and lots of great activities/entertainment for the family. You will love it!! Property ready for viewing after March 1 2021. Seller will take the highest and best! Property is sold as is.
SEE MORE
- 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)
- #1 Moving Destination in the Nation (Penske, 2018)
- Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (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)
- #1 Most affordable big city (WalletHub, 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)
PRICE & RENT TRENDS
Zip Code: 30058
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30058
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,610 |
| EXPENSES | Loan Payment | -$1,033 |
| Property Tax | -$433 | |
| Property Insurance | -$78 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$53
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.
$297,500
PROJECTED PRICE
$1,610
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 8.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.60% |
| 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
$84,588
LOAN DETAILS
$1,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,375 |
| Loan Amount | $223,125 |
2.33
YEARS SAVED
$4,553
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,610
LIST RENT -
$0.62
LIST RENT PER SQFT
-
$1,858
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
-
2323 Overlook Avenue Lithonia, GA 1
- 4 beds 3 baths ∙ 2,617 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,617 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,610
- $0.62
-
7536 Poplar Falls Trail Lithonia, GA 2
- 3 beds 3 baths ∙ 2,306 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,306 Sqft ∙ Built 2007
LEASED 10/19/19- Rent
- Rent Per SQFT
- $1,645
- $0.71
-
2478 Osceola Road Lithonia, GA 3
- 4 beds 3 baths ∙ 2,737 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,737 Sqft ∙ Built 2017
LEASED 09/14/20- Rent
- Rent Per SQFT
- $1,945
- $0.71
PROPERTY LISTING DETAILS
1.678.663.0722
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6835330
Last Updated: 02/11/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.
