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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $116.88
- 2 Days on Market
- MLS # : 6821896
- Updated Date : 12/26/2020 at 21:10
CONSTRUCTION
- Beds : 3
- Floor Size : 2,523 sqft
- Baths : 2 full
Listing Agent's Description
You will be impressed by this well-maintained, 3/2 ranch on a full unfinished basement. Gorgeous hardwoods greet you in the foyer that leads to a large great room/w gas fireplace to warm your toes! Oversized kitchen w/sitting area for entertaining also includes those hardwoods! Master is off the living room, large bathroom w/dual sinks/marble! Two add'l bedrooms on separate hall are spacious w/secondary bathroom across the hall. Backyard is a beauty! Fenced in yard is gorgeously maintained for privacy and grilling out!
SEE MORE
- #1 Most affordable big city (WalletHub, 2018)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- #1 Moving Destination in the Nation (Penske, 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)
- As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
PRICE & RENT TRENDS
Zip Code: 30019
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30019
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,820 |
| EXPENSES | Loan Payment | -$1,088 |
| Property Tax | -$361 | |
| Property Insurance | -$76 | |
| HOA | -$44 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$133
|
||
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.
$294,900
PROJECTED PRICE
$1,820
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 6.3% |
| 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
$83,899
LOAN DETAILS
$1,088
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $73,725 |
| Loan Amount | $221,175 |
6.92
YEARS SAVED
$28,485
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$1,678
COMP ESTIMATED VALUE -
$0.67
COMP AVG. RENT PER SQFT
Comps Range
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- $1,600
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120 Sweet Auburn Lane Dacula, GA 3
- 4 beds 2 baths ∙ 2,582 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,582 Sqft ∙ Built 1993
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,795
- $0.70
-
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- 4 beds 3 baths ∙ 2,649 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,649 Sqft ∙ Built 2000
LEASED 08/30/19- Rent
- Rent Per SQFT
- $1,849
- $0.70
PROPERTY LISTING DETAILS
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6821896
Last Updated: 12/26/2020
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.
