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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $149.21
- 2 Days on Market
- MLS # : 6842981
- Updated Date : 02/21/2021 at 00:42
CONSTRUCTION
- Beds : 4
- Floor Size : 1,640 sqft
- Baths : 2 full
Listing Agent's Description
Ready to move in. Freshly painted inside, newer paint outside. hard wood floors through out. Extra bedroom and family room/ office in basement. Convenient side entrance garage with plenty of room for sorage and work bench. Separate living room and dining room on main floor with great stone fireplace. Large eat in kitchen. Newly tiled master bathroom. Thank you!This home has room for imagination- use the different areas as whatever you may need. Large two level deck overlooking a very private backyard. Located in desirable area of Rockdale County and Conyers.
SEE MORE
- 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)
- 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).
- #1 World’s Busiest Airport(Airports Council International, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- #1 Moving Destination in the Nation (Penske, 2018)
PRICE & RENT TRENDS
Neighborhood: Paces Landing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paces Landing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,380 |
| EXPENSES | Loan Payment | -$850 |
| Property Tax | -$279 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$73
|
||
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.
$244,700
PROJECTED PRICE
$1,380
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 7.6% |
| 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
$70,596
LOAN DETAILS
$850
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $61,175 |
| Loan Amount | $183,525 |
4.67
YEARS SAVED
$11,481
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,380
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,435
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
2644 Paces Landing Drive Nw Conyers, GA 1
- 4 beds 2 baths ∙ 1,640 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,640 Sqft ∙ Built 1981
- Rent
- Rent Per SQFT
- $1,380
- $0.84
-
8401 Union Grove Road Lithonia, GA 2
- 5 beds 3 baths ∙ 1,824 Sqft ∙ Built 1974 5 beds 3 baths ∙ 1,824 Sqft ∙ Built 1974
LEASED 08/10/20- Rent
- Rent Per SQFT
- $1,595
- $0.87
-
8347 Union Grove Road Lithonia, GA 3
- 5 beds 2 baths ∙ 1,922 Sqft ∙ Built 1976 5 beds 2 baths ∙ 1,922 Sqft ∙ Built 1976
LEASED 02/05/21- Rent
- Rent Per SQFT
- $1,695
- $0.88
PROPERTY LISTING DETAILS
1.404.392.3810
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6842981
Last Updated: 02/21/2021
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.
