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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tucker
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$87,874
LOAN DETAILS
$1,143
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $77,475 |
| Loan Amount | $232,425 |
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
-
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
1.404.290.4978
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6816020
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.
