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2586 Wenatchee Marietta, GA 30066

3 Beds 2 Baths 1,428 sqft Built 1963

$243,900

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $170.80
  • 6 Days on Market
  • MLS # : 6827279
  • Updated Date : 01/14/2021 at 11:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,428 sqft
  • Baths : 2 full
Listing Agent's Description

Location, location, location! Come enjoy the warm, inviting front porch on this 3 bedroom, 2 bathroom home. Nestled in the quiet Breezecrest neighborhood of Marietta, this home offers many amenities, including a fantastic wood stove with exposed piping on an exposed brick corner to graciously welcome you as you enter. Additionally, each bedroom includes a ceiling fan and the main floor primary bedroom includes two closets and an ensuite bathroom with a shower. Photos are virtually staged. Size of furniture and decorations are for reference only.

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MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 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).
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 World’s Busiest Airport(Airports Council International, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Neighborhood: Breezecrest

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $95k321k

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

Neighborhood: Breezecrest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8632009

* 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
Blackwell Elementary School Primary Regular 726 52 8
Daniell Middle School Middle Regular 952 52 7
Sprayberry High School High Regular 1,761 104 7

Blackwell Elementary School

  • Education Level: Primary
  • # of students: 726
  • # of teachers: 52
8
GreatSchools Rating

Daniell Middle School

  • Education Level: Middle
  • # of students: 952
  • # of teachers: 52
7
GreatSchools Rating

Sprayberry High School

  • Education Level: High
  • # of students: 1,761
  • # of teachers: 104
7
GreatSchools Rating
 

$219,510$268,290$243,900

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$847
Property Tax -$386
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
$23

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.

$243,900

PROJECTED PRICE

$1,430

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.7%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,384

INVESTMENT

$70,384

Down Payment
$60,975
Rehab Estimate
$5,750
Closing Costs
$3,659

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$847

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,975
Loan Amount $182,925
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$11,903

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,428

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4303$1,4504$1,4955$1,675
$1,675
RENT COMPS ANALYSIS
  • 2586 Wenatchee Marietta, GA 2
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $1.00
    •  
  • 2583 Cottonwood Drive Marietta, GA 1
    • 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1962
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.00
    •  
  • 629 Bounty Drive Marietta, GA 3
    • 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1960
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.98
    •  
  • 2500 Cajun Drive Marietta, GA 4
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1974
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.99
    •  
  • 2415 Cajun Drive Marietta, GA 5
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1974
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.03
    •  
PROPERTY LISTING DETAILS
Michelle Sanders
1.678.884.7933
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6827279
Last Updated: 01/14/2021
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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