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PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $102.15
- 4 Days on Market
- MLS # : 6819821
- Updated Date : 12/19/2020 at 09:48
CONSTRUCTION
- Beds : 3
- Floor Size : 1,958 sqft
- Baths : 2 full
Listing Agent's Description
This adorable home has it all! Upgraded main level with granite and stainless appliances, hardwoods in all living areas and Master and updated lighting through out. Outside the kitchen you will find a fabulous sun porch that can be enjoyed all year long with sliding windows when it is time to let the spring / fall air in. Bedrooms are spacious. The lower level has a rec room and a two car garage that if finished with the hobby enthusiast in mind. The large rear yard goes beyond the fence and has an outbuilding for more storage.
SEE MORE
- 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)
- As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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).
- #1 World’s Busiest Airport(Airports Council International, 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)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- #1 Moving Destination in the Nation (Penske, 2018)
PRICE & RENT TRENDS
Zip Code: 30157
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30157
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,440 |
| EXPENSES | Loan Payment | -$738 |
| Property Tax | -$176 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$342
|
||
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.
$200,000
PROJECTED PRICE
$1,440
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 9.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| 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
$58,750
LOAN DETAILS
$738
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $50,000 |
| Loan Amount | $150,000 |
12.58
YEARS SAVED
$46,644
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,440
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$1,521
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
262 Amber Way Dallas, GA 2
- 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 1991
![property image]()
- Rent
- Rent Per SQFT
- $1,440
- $0.74
-
112 Rockefeller Lane Dallas, GA 1
- 4 beds 3 baths ∙ 1,924 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,924 Sqft ∙ Built 2007
![property image]()
LEASED 10/07/19- Rent
- Rent Per SQFT
- $1,300
- $0.68
-
118 Bainbridge Court Dallas, GA 3
- 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 2001
![property image]()
LEASED 06/16/20- Rent
- Rent Per SQFT
- $1,520
- $0.81
-
107 Larkin Way Dallas, GA 4
- 4 beds 3 baths ∙ 1,900 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,900 Sqft ∙ Built 2005
![property image]()
LEASED 07/12/19- Rent
- Rent Per SQFT
- $1,600
- $0.84
PROPERTY LISTING DETAILS
1.404.660.6652
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6819821
Last Updated: 12/19/2020
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.
