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2714 Wynford Avenue Sw Marietta, GA 30064

4 Beds 3 Baths 2,761 sqft Built 1988

$319,900

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $115.86
  • 4 Days on Market
  • MLS # : 6813511
  • Updated Date : 12/05/2020 at 10:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,761 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Impressive 4 bedroom, 2-1/2 bath on quiet street in sought-after swim/tennis community. One of the larger floor plans in Wynford Chace, the main-floor boasts hardwood floors, new Thomasville cabinets, granite countertops and an open concept kitchen/family room. Separate dining room for more formal gatherings and an extra office/playroom space finish off the main floor. Large master with updated bathroom. Huge bonus room upstairs has vaulted ceilings and built-in desk/bookcases - use as a large bedroom or multipurpose room.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Winford Chase

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Winford Chase

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
Dowell Elementary School Primary Regular 887 68 6
Lovinggood Middle School Middle Regular 1,428 75 9
Hillgrove High School High Regular 2,301 111 9

Dowell Elementary School

  • Education Level: Primary
  • # of students: 887
  • # of teachers: 68
6
GreatSchools Rating

Lovinggood Middle School

  • Education Level: Middle
  • # of students: 1,428
  • # of teachers: 75
9
GreatSchools Rating

Hillgrove High School

  • Education Level: High
  • # of students: 2,301
  • # of teachers: 111
9
GreatSchools Rating
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,180
Property Tax -$507
Property Insurance -$80
HOA -$33
Property Management Fees -$119
CASH FLOW
$210

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.

$319,900

PROJECTED PRICE

$2,130

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 7.8%
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$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,180

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$35,918

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,147

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,865
1$1,8652$2,1253$2,1304$2,2905$2,500
$2,500
RENT COMPS ANALYSIS
  • 2714 Wynford Avenue Sw Marietta, GA 3
    • 4 beds 3 baths ∙ 2,761 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,761 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.77
    •  
  • 1929 Knipe Drive Sw Marietta, GA 1
    • 4 beds 3 baths ∙ 2,481 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,481 Sqft ∙ Built 1994
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,865
    • $0.75
    •  
  • 2272 Camden Drive Sw Marietta, GA 2
    • 4 beds 4 baths ∙ 2,934 Sqft ∙ Built 1990 4 beds 4 baths ∙ 2,934 Sqft ∙ Built 1990
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.72
    •  
  • 2281 Sw Camden Drive Marietta, GA 4
    • 4 beds 3 baths ∙ 2,810 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,810 Sqft ∙ Built 1994
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.81
    •  
  • 1759 Clayhill Pointe Sw Marietta, GA 5
    • 4 beds 3 baths ∙ 3,012 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,012 Sqft ∙ Built 2000
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.83
    •  
PROPERTY LISTING DETAILS
Wendy Abney
1.404.542.1010
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6813511
Last Updated: 12/05/2020
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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