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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $139.10
- 2 Days on Market
- MLS # : 6816010
- Updated Date : 12/05/2020 at 18:10
CONSTRUCTION
- Beds : 4
- Floor Size : 2,156 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Don't miss this beautiful two story home in Beechwood Forest! New furnace and electrical panel! This home has been refreshed with new two-tone interior paint and new carpet in the bedrooms. Formal living room and an office off the foyer and a living room with a fireplace at the back of the home. The kitchen features ample cabinet and counter space and new stainless steel appliances. Half bath on the main floor for guests' convenience. All bedrooms and full baths located on the second floor. The primary bedroom has a full ensuite bathroom with dual sinks, separate
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Beechwood Forest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Beechwood Forest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$325 | |
| Property Insurance | -$69 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$110
|
||
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.
$299,900
PROJECTED PRICE
$1,730
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 7.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| 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
$85,224
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
6.17
YEARS SAVED
$24,418
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,709
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
2450 Arapaho Way Powder Springs, GA 4
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- Rent
- Rent Per SQFT
- $1,730
- $0.80
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2615 Wicklow Way Powder Springs, GA 1
- 3 beds 3 baths ∙ 1,829 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,829 Sqft ∙ Built 1988
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LEASED 08/10/19- Rent
- Rent Per SQFT
- $1,450
- $0.79
-
2982 Valley View Circle Powder Springs, GA 2
- 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 1987
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LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,625
- $0.81
-
2859 Rhonda Dale Drive Powder Springs, GA 3
- 3 beds 3 baths ∙ 2,225 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,225 Sqft ∙ Built 2000
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LEASED 06/09/20- Rent
- Rent Per SQFT
- $1,675
- $0.75
-
5039 Mickleton Way Powder Springs, GA 5
- 4 beds 3 baths ∙ 2,115 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,115 Sqft ∙ Built 1993
![property image]()
LEASED 07/28/20- Rent
- Rent Per SQFT
- $1,735
- $0.82
PROPERTY LISTING DETAILS
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6816010
Last Updated: 12/05/2020
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.
