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2711 Oswood Drive 
Tucker, GA
30084
4 Beds 3 Baths 2,418 sqft
Built 1963
INVESTimate
$295,000
List Price
$83,925
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PROPERTY INFO
FACTS
- Built In 1963
- Price/Sqft : $122.00
- 3 Days on Market
- MLS # : 6771647
- Updated Date : 08/25/2020 at 13:30
CONSTRUCTION
- Beds : 4
- Floor Size : 2,418 sqft
- Baths : 3 full
Listing Agent's Description
Beautiful home with fresh paint in outstanding Tucker location. Very open floor plan with open kitchen concept overlooking the living room and access to the private back deck. Separate large dining room. This split-level home boasts 3 bedrooms on the upper level including the spacious master bedroom. Hardwood floors on the main level and an additional bedroom and bonus room with separate entrance in lower level. Carport will easily fit 2 cars. Enjoy Tucker living with access to all major highways.
SEE MORE
- #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
Neighborhood: Tucker
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tucker
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,900 |
| EXPENSES | Loan Payment | -$1,088 |
| Property Tax | -$480 | |
| Property Insurance | -$74 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$139
|
||
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.
$295,000
PROJECTED PRICE
$1,900
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 7.31% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$83,925
LOAN DETAILS
$1,088
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
6.67
YEARS SAVED
$27,684
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,900
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,991
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
2711 Oswood Drive Tucker, 3
- 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 1963
- Rent
- Rent Per SQFT
- $1,900
- $0.79
-
3900 Cardinal Drive Tucker, 1
- 3 beds 2 baths ∙ 2,079 Sqft ∙ Built 1962 3 beds 2 baths ∙ 2,079 Sqft ∙ Built 1962
LEASED 03/19/19- Rent
- Rent Per SQFT
- $1,695
- $0.82
-
2532 Old Norcross Road Tucker, 2
- 4 beds 2 baths ∙ 2,577 Sqft ∙ Built 1946 4 beds 2 baths ∙ 2,577 Sqft ∙ Built 1946
LEASED 08/24/20- Rent
- Rent Per SQFT
- $1,850
- $0.72
-
2785 Briarglen Drive Atlanta, 4
- 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 1966
LEASED 05/14/20- Rent
- Rent Per SQFT
- $2,300
- $0.93
PROPERTY LISTING DETAILS
1.404.655.9022
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6771647
Last Updated: 08/25/2020
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.
