Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2706 Gleneagles Drive Tucker, GA 30084

4 Beds 3 Baths 2,180 sqft Built 1972

$359,900

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $165.09
  • 5 Days on Market
  • MLS # : 6839058
  • Updated Date : 02/11/2021 at 09:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,180 sqft
  • Baths : 3 full
Listing Agent's Description

Large brick ranch home in the desirable Highland Hills Neighborhood of Tucker. 4 spacious bedrooms and 2 baths, separate living Room, Dining Room and Den with brick fireplace and built in bookshelves provide plenty of living space. Updated Kitchen includes granite countertops, center island and large sun lite breakfast area. The generous pantry and laundry room complete the main living level. The bonus: Finished basement . . . large living space, with plenty of natural light, complete kitchen, full bath, storage area and large closet.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Tucker

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Tucker

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Midvale Elementary School Primary Regular 437 37 6
Tucker Middle School Middle Regular 1,259 80 6
Tucker High School High Regular 1,843 107 5

Midvale Elementary School

  • Education Level: Primary
  • # of students: 437
  • # of teachers: 37
6
GreatSchools Rating

Tucker Middle School

  • Education Level: Middle
  • # of students: 1,259
  • # of teachers: 80
6
GreatSchools Rating

Tucker High School

  • Education Level: High
  • # of students: 1,843
  • # of teachers: 107
5
GreatSchools Rating
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,250
Property Tax -$494
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
$137

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.

$359,900

PROJECTED PRICE

$2,070

PROJECTED RENT

0.58%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$26,920

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,044

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0003$2,0004$2,0705$2,100
$2,100
RENT COMPS ANALYSIS
  • 2706 Gleneagles Drive Tucker, GA 4
    • 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $0.95
    •  
  • 2441 Empire Forest Drive Tucker, GA 1
    • 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1987
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.94
    •  
  • 2789 Townley Circle Atlanta, GA 2
    • 4 beds 3 baths ∙ 2,052 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,052 Sqft ∙ Built 1968
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.97
    •  
  • 2773 Evans Dale Circle Doraville, GA 3
    • 3 beds 3 baths ∙ 2,237 Sqft ∙ Built 1966 3 beds 3 baths ∙ 2,237 Sqft ∙ Built 1966
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.89
    •  
  • 2983 Pine Orchard Drive Tucker, GA 5
    • 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 1964
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.95
    •  
PROPERTY LISTING DETAILS
Donna Wadsworth Quam
1.404.915.4412
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6839058
Last Updated: 02/11/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

BESbswy