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2401 Jack Creek Road Sw Marietta, GA 30008

3 Beds 2 Baths 2,352 sqft Built 1988

$200,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $85.03
  • 2 Days on Market
  • MLS # : 6825825
  • Updated Date : 01/09/2021 at 19:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,352 sqft
  • Baths : 2 full
Listing Agent's Description

Spacious split level home with tons of storage and spacious bedrooms. Open living room, very large bedrooms with walk-in closets, home is in great condition. Large unfinished bonus room downstairs for storage or gym. Sunroom overlooking private wooded backyard. Storage shed in yard for extra storage or playhouse for kids. Great home that has been well maintained over the years!

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

Neighborhood: Cumberland Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $82k282k

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

Neighborhood: Cumberland Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8171868

* 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
Dowell Elementary School Primary Regular 887 68 6
Smitha Middle School Middle Regular 986 65 5
Osborne High School High Regular 1,999 123 3

Dowell Elementary School

  • Education Level: Primary
  • # of students: 887
  • # of teachers: 68
6
GreatSchools Rating

Smitha Middle School

  • Education Level: Middle
  • # of students: 986
  • # of teachers: 65
5
GreatSchools Rating

Osborne High School

  • Education Level: High
  • # of students: 1,999
  • # of teachers: 123
3
GreatSchools Rating
 

$180,000$220,000$200,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$695
Property Tax -$317
Property Insurance -$73
Property Management Fees -$119
CASH FLOW
$467

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.

$200,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.84%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 9.4%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$695

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

13.42

YEARS SAVED

$43,850

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,823

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6653$1,6704$1,7605$1,800
$1,800
RENT COMPS ANALYSIS
  • 2401 Jack Creek Road Sw Marietta, GA 3
    • 3 beds 2 baths ∙ 2,352 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,352 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.71
    •  
  • 1495 Chapel Hill Lane Sw Marietta, GA 1
    • 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 1994
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.76
    •  
  • 1830 Wellborn Way Marietta, GA 2
    • 3 beds 3 baths ∙ 2,277 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,277 Sqft ∙ Built 1998
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $0.73
    •  
  • 1321 Fairridge Circle Sw Marietta, GA 4
    • 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 1989
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.82
    •  
  • 3038 Crest Ridge Circle Sw Marietta, GA 5
    • 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2003
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.79
    •  
PROPERTY LISTING DETAILS
Allen A Floyd
1.678.472.4670
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6825825
Last Updated: 01/09/2021
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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