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PROPERTY INFO
FACTS
- Single Family
- Built In 1963
- Price/Sqft : $125.86
- 1 Days on Market
- MLS # : 6834439
- Updated Date : 01/30/2021 at 21:10
CONSTRUCTION
- Beds : 3
- Floor Size : 2,065 sqft
- Baths : 1 full , 1 half
Listing Agent's Description
Recently renovated 4 sided brick ranch house on a flat lot near the Battery/Suntrust Park and Marietta Square. New roof, new kitchen with new cabinets, new granite countertops, new vent hood, new sink, new paint, and new flooring in the great room. Home has an extra bonus room making the property over 2,000 sqft and backyard is fenced with 2 additional huge storage spaces.
SEE MORE
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
- Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
- 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 World’s Busiest Airport(Airports Council International, 2018)
PRICE & RENT TRENDS
Neighborhood: Med-o-lark
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Med-o-lark
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,590 |
| EXPENSES | Loan Payment | -$903 |
| Property Tax | -$412 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$90
|
||
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.
$259,900
PROJECTED PRICE
$1,590
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 8.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.60% |
| 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
$74,624
LOAN DETAILS
$903
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $64,975 |
| Loan Amount | $194,925 |
4.5
YEARS SAVED
$11,015
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,740
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
2591 Sandtown Road Sw Marietta, GA 2
- 3 beds 2 baths ∙ 2,065 Sqft ∙ Built 1963 3 beds 2 baths ∙ 2,065 Sqft ∙ Built 1963
![property image]()
- Rent
- Rent Per SQFT
- $1,590
- $0.77
-
345 Church Road Smyrna, GA 1
- 3 beds 3 baths ∙ 1,969 Sqft ∙ Built 1960 3 beds 3 baths ∙ 1,969 Sqft ∙ Built 1960
![property image]()
LEASED 01/14/20- Rent
- Rent Per SQFT
- $1,495
- $0.76
-
2357 Beaver Creek Road Se Smyrna, GA 3
- 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1960
![property image]()
LEASED 10/19/19- Rent
- Rent Per SQFT
- $1,600
- $0.83
-
3381 Kenland Road Se Smyrna, GA 4
- 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1965
![property image]()
LEASED 05/19/20- Rent
- Rent Per SQFT
- $1,695
- $0.89
-
3008 Nursery Road Smyrna, GA 5
- 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1963
![property image]()
LEASED 10/28/19- Rent
- Rent Per SQFT
- $1,700
- $0.89
PROPERTY LISTING DETAILS
1.678.704.6520
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6834439
Last Updated: 01/30/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.
