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2777 Loftview Square Atlanta, GA 30339

3 Beds 4 Baths 2,328 sqft Built 2006

$385,000

List Price

$2,570

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $165.38
  • 4 Days on Market
  • MLS # : 6808128
  • Updated Date : 11/13/2020 at 09:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,328 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Turn-Key, Corner Lot, All Brick, Town Home in Vinings. New Roof in 2020, New Interior Paint. Two- Car Garage with lots of storage. Huge Kitchen with an island, granite counter tops, tiled backsplash, GE Stainless Steel Appliance package, Open to Dining Room. Large Balcony for Outdoor Entertainment. Main floor with hardwood floors, two story foyer, gas fireplace. Two Bedrooms/ Two Bathrooms on the second floor with walk-in custom closets. Double vanity with Granite, Separate Jetted tub from Tiled Shower. Laundry Room Upstairs with washer and dryer included in sale.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • 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)
  • 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: Vinings Overlook

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $103k402k

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

Neighborhood: Vinings Overlook

ZipNIR Market*CityMarket2010Year20002019 Q21000150020002500300035004000Rent in $9734147

* 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
Teasley Primary School Primary Unknown 761 51 8
Campbell Middle School Middle Regular 1,416 77 6
Campbell High School High Regular 2,509 135 5

Teasley Primary School

  • Education Level: Primary
  • # of students: 761
  • # of teachers: 51
8
GreatSchools Rating

Campbell Middle School

  • Education Level: Middle
  • # of students: 1,416
  • # of teachers: 77
6
GreatSchools Rating

Campbell High School

  • Education Level: High
  • # of students: 2,509
  • # of teachers: 135
5
GreatSchools Rating
 

$346,500$423,500$385,000

PURCHASE PRICE

$2,313$2,827$2,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,570
EXPENSES Loan Payment -$1,420
Property Tax -$380
Property Insurance -$72
HOA -$160
Property Management Fees -$119
CASH FLOW
$419

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.

$385,000

PROJECTED PRICE

$2,570

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 1.9%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
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$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$60,953

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,570

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $2,619

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,5703$2,750
$2,750
RENT COMPS ANALYSIS
  • 2777 Loftview Square Atlanta, GA 2
    • 3 beds 4 baths ∙ 2,328 Sqft ∙ Built 2006 3 beds 4 baths ∙ 2,328 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,570
    • $1.10
    •  
  • 3705 Paces Park Circle Se Smyrna, GA 1
    • 4 beds 3 baths ∙ 2,322 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,322 Sqft ∙ Built 2004
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.10
    •  
  • 2376 Oakwood Way Se Smyrna, GA 3
    • 3 beds 3 baths ∙ 2,395 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,395 Sqft ∙ Built 1987
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.15
    •  
PROPERTY LISTING DETAILS
Ashley Bynum
1.404.423.8025
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6808128
Last Updated: 11/13/2020
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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