Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $200.84
- 2 Days on Market
- MLS # : 6818443
- Updated Date : 12/12/2020 at 20:10
CONSTRUCTION
- Beds : 2
- Floor Size : 1,195 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
This move in ready gem is your next home. Located in Stonecroft, an ideal location in Woodstock, minutes to shopping, dining, and even Downtown Woodstock. You'll love the beautiful hardwood floors, impressive two story great room, private fenced in backyard, incredible open layout ideal for entertaining. Master retreat with separate tub and shower. Loft area on upper level. Enjoy the easy life here- community HOA cares for the yard, so no need to sweat out the weekends. You'll appreciate the short drive to 575. All you need to do is move in and start loving the
SEE MORE
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- #1 Moving Destination in the Nation (Penske, 2018)
- Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
- As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
- #1 Most affordable big city (WalletHub, 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Stonecroft
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stonecroft
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,370 |
| EXPENSES | Loan Payment | -$886 |
| Property Tax | -$173 | |
| Property Insurance | -$50 | |
| HOA | -$62 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$80
|
||
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.
$240,000
PROJECTED PRICE
$1,370
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 6.9% |
| 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
$69,350
LOAN DETAILS
$886
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $60,000 |
| Loan Amount | $180,000 |
6.67
YEARS SAVED
$22,247
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,370
LIST RENT -
$1.15
LIST RENT PER SQFT
-
$1,117
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
253 Manley Court Woodstock, GA 3
- 2 beds 3 baths ∙ 1,195 Sqft ∙ Built 1998 2 beds 3 baths ∙ 1,195 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,370
- $1.15
-
441 W Oaks Trail Woodstock, GA 1
- 2 beds 2 baths ∙ 1,535 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,535 Sqft ∙ Built 2000
LEASED 08/25/19- Rent
- Rent Per SQFT
- $1,200
- $0.78
-
1802 Commonwealth Drive Woodstock, GA 2
- 2 beds 2 baths ∙ 1,152 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,152 Sqft ∙ Built 1993
LEASED 06/26/19- Rent
- Rent Per SQFT
- $1,250
- $1.09
PROPERTY LISTING DETAILS
1.678.318.3613
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6818443
Last Updated: 12/12/2020
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.
