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 1984
- Price/Sqft : $157.09
- 10 Days on Market
- MLS # : 6826134
- Updated Date : 01/15/2021 at 16:40
CONSTRUCTION
- Beds : 4
- Floor Size : 1,776 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Move in ready home in Peachtree Ridge School district! This traditional split-level home has a kitchen and family room on the main level (all LVP floors) and three bedrooms up a few steps (newer carpet). The basement offers an inlaw suite and living area with exterior access, giving you many options for additional family members, game room, home gym, or whatever you need! New roof installed in 2020, fresh interior and exterior paint and very well maintained. Other features include a private, fenced in backyard, covered back porch, outbuilding, and granite countertops.
SEE MORE
- #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).
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
- #1 World’s Busiest Airport(Airports Council International, 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
Zip Code: 30043
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30043
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$969 |
| Property Tax | -$335 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$76
|
||
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.
$279,000
PROJECTED PRICE
$1,560
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 8.1% |
| 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
$79,685
LOAN DETAILS
$969
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $69,750 |
| Loan Amount | $209,250 |
6
YEARS SAVED
$18,959
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,514
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
2447 Verner Road Nw Lawrenceville, GA 4
- 4 beds 3 baths ∙ 1,776 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,776 Sqft ∙ Built 1984
![property image]()
- Rent
- Rent Per SQFT
- $1,560
- $0.88
-
1011 Forest Park Lane Suwanee, GA 1
- 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 1985
![property image]()
LEASED 03/16/20- Rent
- Rent Per SQFT
- $1,450
- $0.88
-
2887 Manor Glen Lane Suwanee, GA 2
- 3 beds 3 baths ∙ 1,889 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,889 Sqft ∙ Built 1994
![property image]()
LEASED 05/21/20- Rent
- Rent Per SQFT
- $1,500
- $0.79
-
427 Lee Miller Drive Suwanee, GA 3
- 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 1999
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,550
- $0.84
-
2161 Ashley Crossing Court Lawrenceville, GA 5
- 4 beds 3 baths ∙ 1,834 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,834 Sqft ∙ Built 1998
![property image]()
LEASED 04/16/20- Rent
- Rent Per SQFT
- $1,650
- $0.90
PROPERTY LISTING DETAILS
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6826134
Last Updated: 01/15/2021
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.
