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2625 Crestdale Circle Se Atlanta, GA 30316

4 Beds 2 Baths 1,635 sqft Built 1964

INVESTimate

$210,000

List Price

$1,670

$1,503 - $1,837

Rent Est.

$230,118  ( +9.58%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1964
  • Price/Sqft : $128.44
  • 44 Days on Market
  • MLS # : 6747202
  • Updated Date : 08/20/2020 at 16:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,635 sqft
  • Baths : 2 full
Listing Agent's Description

Great investor opportunity 4 BR / 2 BA split level home with hardwood floors & eat in kitchen. Walk to Marta bus line. Close to shopping, restaurants and major highway. Custom built wood burning furnace.

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30316

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $103k277k

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

Zip Code: 30316

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9211736

* 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
Barack H. Obama Elementary Magnet School Of Technology Primary Regular NA
Mcnair Middle School Middle Regular 697 46 2
Mcnair High School High Regular 808 51 3

Barack H. Obama Elementary Magnet School Of Technology

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Mcnair Middle School

  • Education Level: Middle
  • # of students: 697
  • # of teachers: 46
2
GreatSchools Rating

Mcnair High School

  • Education Level: High
  • # of students: 808
  • # of teachers: 51
3
GreatSchools Rating
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$775
Property Tax -$272
Property Insurance -$59
Property Management Fees -$119
CASH FLOW
$446

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.

$210,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 9.58%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$775

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

13.67

YEARS SAVED

$55,089

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,709

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,5303$1,6004$1,6505$1,670
$1,670
RENT COMPS ANALYSIS
  • 2625 Crestdale Circle Se Atlanta, 5
    • 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $1.02
    •  
  • 1945 Brannen Road Se Atlanta, 1
    • 4 beds 2 baths ∙ 1,450 Sqft ∙ Built 1950 4 beds 2 baths ∙ 1,450 Sqft ∙ Built 1950
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.86
    •  
  • 2070 Brannen Road Se Atlanta, 2
    • 3 beds 2 baths ∙ 1,359 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,359 Sqft ∙ Built 1955
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $1.13
    •  
  • 1336 Emerald Avenue Se Atlanta, 3
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1947
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.14
    •  
  • 2560 Rockcliff Road Se Atlanta, 4
    • 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1955
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.05
    •  
PROPERTY LISTING DETAILS
Carmelita V Collier
1.678.346.6334
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6747202
Last Updated: 08/20/2020
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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