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2450 Arapaho Way Powder Springs, GA 30127

4 Beds 3 Baths 2,156 sqft Built 1994

$299,900

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $103k252k

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

Neighborhood: Beechwood Forest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9731771

* 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
Varner Elementary School Primary Regular 685 50 8
Tapp Middle School Middle Regular 769 51 8
Mceachern High School High Regular 2,239 122 6

Varner Elementary School

  • Education Level: Primary
  • # of students: 685
  • # of teachers: 50
8
GreatSchools Rating

Tapp Middle School

  • Education Level: Middle
  • # of students: 769
  • # of teachers: 51
8
GreatSchools Rating

Mceachern High School

  • Education Level: High
  • # of students: 2,239
  • # of teachers: 122
6
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

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
$1,450
1$1,4502$1,6253$1,6754$1,7305$1,735
$1,735
RENT COMPS ANALYSIS
  • 2450 Arapaho Way Powder Springs, GA 4
    • 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.80
    •  
  • 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
    property image
    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
    property image
    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
    property image
    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
Jacqueline Shaffer
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6816010
Last Updated: 12/05/2020
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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