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2524 Midvale Court Tucker, GA 30084

3 Beds 2 Baths 1,865 sqft Built 1969

$309,900

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $166.17
  • 2 Days on Market
  • MLS # : 6816020
  • Updated Date : 12/05/2020 at 23:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,865 sqft
  • Baths : 2 full
Listing Agent's Description

Beautiful Brick Ranch home with finished basement located in Tucker's most desirable area. Open your front door and enter into a foyer, large living room, dining room, large kitchen with pantry, breakfast area,room for office work station, skylight, family room with fireplace and built in book cases, gorgeous master suite with full bath,two additional large bedrooms with full bath, beautiful hardwood floors, finished day light basement with exterior entrance, large screened in patio for entertaining, two patios for grilling,storage building, large wooded lot.

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: Tucker

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Tucker

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Midvale Elementary School Primary Regular 437 37 6
Tucker Middle School Middle Regular 1,259 80 6
Tucker High School High Regular 1,843 107 5

Midvale Elementary School

  • Education Level: Primary
  • # of students: 437
  • # of teachers: 37
6
GreatSchools Rating

Tucker Middle School

  • Education Level: Middle
  • # of students: 1,259
  • # of teachers: 80
6
GreatSchools Rating

Tucker High School

  • Education Level: High
  • # of students: 1,843
  • # of teachers: 107
5
GreatSchools Rating
 

$278,910$340,890$309,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,143
Property Tax -$437
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
$7

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.

$309,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
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$87,874

INVESTMENT

$87,874

Down Payment
$77,475
Rehab Estimate
$5,750
Closing Costs
$4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,475
Loan Amount $232,425
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$17,428

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,800

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,770
1$1,7702$1,8003$1,8004$1,9005$2,000
$2,000
RENT COMPS ANALYSIS
  • 2524 Midvale Court Tucker, GA 1
    • 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.95
    •  
  • 2449 Midvale Court Tucker, GA 2
    • 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1968 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1968
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.95
    •  
  • 4006 Donegal Court Tucker, GA 3
    • 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1970
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.00
    •  
  • 2441 Empire Forest Drive Tucker, GA 4
    • 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1987
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.94
    •  
  • 2789 Townley Circle Atlanta, GA 5
    • 4 beds 3 baths ∙ 2,052 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,052 Sqft ∙ Built 1968
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.97
    •  
PROPERTY LISTING DETAILS
Ronald Lewis
1.404.290.4978
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6816020
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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