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2571 Kings Park Circle Decatur, GA 30034

4 Beds 3 Baths 2,366 sqft Built 1970

$280,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $118.34
  • 3 Days on Market
  • MLS # : 6815917
  • Updated Date : 12/05/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,366 sqft
  • Baths : 3 full
Listing Agent's Description

Beautiful Renovated Ranch features 4Bed/3Bath, huge family living room. Brand new kitchen counters and appliances. New carpet, floor. Renovated bathrooms. Fresh Paint inside and outside. Huge front and back yard. You Must See.

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

Zip Code: 30034

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $81k209k

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

Zip Code: 30034

ZipNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171509

* 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
Columbia Elementary School Primary Regular 595 39 3
Columbia Middle School Middle Regular 937 63 2
Columbia High School High Regular 1,211 68 3

Columbia Elementary School

  • Education Level: Primary
  • # of students: 595
  • # of teachers: 39
3
GreatSchools Rating

Columbia Middle School

  • Education Level: Middle
  • # of students: 937
  • # of teachers: 63
2
GreatSchools Rating

Columbia High School

  • Education Level: High
  • # of students: 1,211
  • # of teachers: 68
3
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,033
Property Tax -$404
Property Insurance -$73
Property Management Fees -$119
CASH FLOW
-$59

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$280,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 9.5%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$5,310

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,733

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5703$1,5954$1,6955$1,750
$1,750
RENT COMPS ANALYSIS
  • 2571 Kings Park Circle Decatur, GA 2
    • 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 1970 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.66
    •  
  • 3907 Leisure Woods Dr Decatur, GA 1
    • 3 beds 3 baths ∙ 2,274 Sqft ∙ Built 1969 3 beds 3 baths ∙ 2,274 Sqft ∙ Built 1969
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.68
    •  
  • 2270 Titan Ridge Drive Decatur, GA 3
    • 4 beds 3 baths ∙ 2,125 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,125 Sqft ∙ Built 1967
    property image
    LEASED 06/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.75
    •  
  • 2260 Chevy Chase Lane Decatur, GA 4
    • 4 beds 3 baths ∙ 2,189 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,189 Sqft ∙ Built 1971
    property image
    LEASED 10/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.77
    •  
  • 3993 Snapfinger Way Decatur, GA 5
    • 5 beds 2 baths ∙ 2,412 Sqft ∙ Built 1969 5 beds 2 baths ∙ 2,412 Sqft ∙ Built 1969
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.73
    •  
PROPERTY LISTING DETAILS
Jenifer Matallana
1.678.451.8902
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6815917
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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