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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1968
- Price/Sqft : $98.27
- 4 Days on Market
- MLS # : 6812621
- Updated Date : 12/04/2020 at 08:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,544 sqft
- Baths : 3 full
Listing Agent's Description
This 4 bdrm, 3 ba split level ranch offers 3 bdrm and 2 ba on the top floor and 1 bdrm and 1 ba with a bonus room of living space and kitchenette on lower level - perfect for an in-law suite, room-mate or guest suite. Den with fireplace just off of the kitchen with sliding door into the backyard. Separate living room and dining room. Spacious front yard with a front porch. Screened porch that looks out into the sizable fenced back yard and a wooded area beyond for enjoying the outdoors. This property is within walking distance of local schools.
SEE MORE
- 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
Zip Code: 30034
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30034
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$361 | |
| Property Insurance | -$76 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$122
|
||
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.
$250,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 9.5% |
| 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
$72,000
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
5.33
YEARS SAVED
$16,302
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.63
LIST RENT PER SQFT
-
$1,747
COMP ESTIMATED VALUE -
$0.69
COMP AVG. RENT PER SQFT
Comps Range
-
2804 Slumber Trail Decatur, GA 2
- 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 1968
- Rent
- Rent Per SQFT
- $1,600
- $0.63
-
3023 Blue Grass Lane Decatur, GA 1
- 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1971
LEASED 04/22/20- Rent
- Rent Per SQFT
- $1,595
- $0.66
-
2202 Troutdale Drive Decatur, GA 3
- 5 beds 2 baths ∙ 2,530 Sqft ∙ Built 1963 5 beds 2 baths ∙ 2,530 Sqft ∙ Built 1963
LEASED 12/02/19- Rent
- Rent Per SQFT
- $1,695
- $0.67
-
3993 Snapfinger Way Decatur, GA 4
- 5 beds 2 baths ∙ 2,412 Sqft ∙ Built 1969 5 beds 2 baths ∙ 2,412 Sqft ∙ Built 1969
LEASED 10/20/20- Rent
- Rent Per SQFT
- $1,750
- $0.73
PROPERTY LISTING DETAILS
1.404.377.9000
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6812621
Last Updated: 12/04/2020
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.
