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2810 Leisure Woods Lane Decatur, GA 30034

4 Beds 3 Baths 1,949 sqft Built 1971

$215,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $110.31
  • 2 Days on Market
  • MLS # : 6804349
  • Updated Date : 11/21/2020 at 22:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,949 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautifully maintained, move-in-ready home in a well-established neighborhood in gorgeous Decatur! This 4 BD/2.5 BA home has an airy, open floor plan on the main floor which includes an updated kitchen with subway tile backsplash, an island, stone countertops and Stainless Steel appliances. Spacious downstairs bonus/family room with fireplace and half bath. Large, level, fenced backyard. Convenient to shopping, schools, public transportation, interstates and downtown ATL. Don't miss your opportunity to own this BEAUTIFUL home! Property is being offered "AS IS".

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)
  • 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 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)

PRICE & RENT TRENDS

Zip Code: 30034

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $81k209k

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

Zip Code: 30034

ZipNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171509

* 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
Rainbow Elementary School Primary Regular 426 34 3
Chapel Hill Middle School Middle Regular 854 52 4
Southwest Dekalb High School High Regular 1,275 80 4

Rainbow Elementary School

  • Education Level: Primary
  • # of students: 426
  • # of teachers: 34
3
GreatSchools Rating

Chapel Hill Middle School

  • Education Level: Middle
  • # of students: 854
  • # of teachers: 52
4
GreatSchools Rating

Southwest Dekalb High School

  • Education Level: High
  • # of students: 1,275
  • # of teachers: 80
4
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$793
Property Tax -$310
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
$233

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.

$215,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$27,028

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,584

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,4953$1,5204$1,5505$1,695
$1,695
RENT COMPS ANALYSIS
  • 2810 Leisure Woods Lane Decatur, GA 3
    • 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.78
    •  
  • 2881 Treadway Drive Decatur, GA 1
    • 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 1963
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.81
    •  
  • 2813 Rainbow Forest Drive Decatur, GA 2
    • 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 1965
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.85
    •  
  • 2725 Rainbow Forest Drive Decatur, GA 4
    • 3 beds 2 baths ∙ 1,973 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,973 Sqft ∙ Built 1963
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.79
    •  
  • 2370 Tiffany Circle Decatur, GA 5
    • 5 beds 3 baths ∙ 2,106 Sqft ∙ Built 1971 5 beds 3 baths ∙ 2,106 Sqft ∙ Built 1971
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.80
    •  
PROPERTY LISTING DETAILS
Leon Kirkpatrick
1.470.360.2020
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6804349
Last Updated: 11/21/2020
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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