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262 Edinburgh Lane Woodstock, GA 30188

4 Beds 3 Baths 2,406 sqft Built 2012

$375,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $155.86
  • 4 Days on Market
  • MLS # : 6823090
  • Updated Date : 01/01/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,406 sqft
  • Baths : 3 full
Listing Agent's Description

Beautiful home in sought-after swim/tennis community! Main floor has spacious kitchen, featuring granite countertops, 42 inch upgraded cabinets and all stainless steel appliances, open to dining and living rooms. Guest bedroom and full bath on main floor is great for guests or home office. Upstairs features 3 spacious bedrooms and 2 full bathrooms with a loft area that is great for a second living area. Large covered patio off of the dining room overlooking spacious back yard! Conveniently located near Roswell, 575, Hwy 92, Downtown Woodstock and the outlet mall

SEE MORE

MARKET HIGHLIGHTS

  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Wynchase

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $113k361k

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

Neighborhood: Wynchase

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9732262

* 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
Little River Elementary School Primary Regular 1,446 80 6
Mill Creek Middle School Middle Regular 1,284 72 7
River Ridge High School High Regular 1,601 88 8

Little River Elementary School

  • Education Level: Primary
  • # of students: 1,446
  • # of teachers: 80
6
GreatSchools Rating

Mill Creek Middle School

  • Education Level: Middle
  • # of students: 1,284
  • # of teachers: 72
7
GreatSchools Rating

River Ridge High School

  • Education Level: High
  • # of students: 1,601
  • # of teachers: 88
8
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,384
Property Tax -$271
Property Insurance -$74
HOA -$63
Property Management Fees -$119
CASH FLOW
$100

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.

$375,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 7.3%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$32,716

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,780

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$1,7954$1,8505$2,010
$2,010
RENT COMPS ANALYSIS
  • 262 Edinburgh Lane Woodstock, GA 5
    • 4 beds 3 baths ∙ 2,406 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,406 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.84
    •  
  • 329 Tuggle Court Woodstock, GA 1
    • 4 beds 3 baths ∙ 2,236 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,236 Sqft ∙ Built 2005
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.74
    •  
  • 504 Quinn Drive Woodstock, GA 2
    • 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 2004
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.73
    •  
  • 608 Adam Circle Woodstock, GA 3
    • 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 1992
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.71
    •  
  • 117 Nocatee Trail Woodstock, GA 4
    • 4 beds 3 baths ∙ 2,369 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,369 Sqft ∙ Built 1999
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.78
    •  
PROPERTY LISTING DETAILS
April Toro
1.404.932.6667
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6823090
Last Updated: 01/01/2021
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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