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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $112.18
- 4 Days on Market
- MLS # : 6823139
- Updated Date : 01/01/2021 at 15:56
CONSTRUCTION
- Beds : 3
- Floor Size : 1,560 sqft
- Baths : 2 full
Listing Agent's Description
Welcome Home to Spacious Living! This Lovely Light-Filled Home has been Meticulously Maintained by the Original Owner and Updated with Custom Tile and Wood Floors, New Paint, and Newer Carpet. The Grand 2-story Foyer Welcomes you into a Huge Great Room with Vaulted Ceilings; Spacious Kitchen with Pantry; Dining Area; Large Master Suite with Double Tray Ceiling, Oversized Walk-In Closet and Ensuite with Vanity, Soaking Tub, Separate Shower and Vaulted Ceilings. From the Dining Area, Walk Out to the Spacious Deck that Overlooks the Large Private Backyard.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 30058
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30058
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,370 |
| EXPENSES | Loan Payment | -$646 |
| Property Tax | -$253 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$295
|
||
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.
$175,000
PROJECTED PRICE
$1,370
PROJECTED RENT
0.78%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 8.9% |
| 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
$52,125
LOAN DETAILS
$646
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $43,750 |
| Loan Amount | $131,250 |
11
YEARS SAVED
$34,390
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,370
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,252
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
2818 Rambling Way Lithonia, GA 3
- 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2001
![property image]()
- Rent
- Rent Per SQFT
- $1,370
- $0.88
-
2063 Wellborn Close Lithonia, GA 1
- 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1984
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LEASED 08/27/19- Rent
- Rent Per SQFT
- $1,210
- $0.80
-
2421 Rambling Way Lithonia, GA 2
- 3 beds 3 baths ∙ 1,685 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,685 Sqft ∙ Built 2000
![property image]()
LEASED 03/20/20- Rent
- Rent Per SQFT
- $1,299
- $0.77
-
2416 Rambling Way Lithonia, GA 4
- 3 beds 3 baths ∙ 1,746 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,746 Sqft ∙ Built 2000
![property image]()
LEASED 06/09/20- Rent
- Rent Per SQFT
- $1,425
- $0.82
-
6166 Charring Cross Court Lithonia, GA 5
- 4 beds 3 baths ∙ 1,784 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,784 Sqft ∙ Built 1986
![property image]()
LEASED 05/08/20- Rent
- Rent Per SQFT
- $1,468
- $0.82
PROPERTY LISTING DETAILS
1.678.517.5575
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6823139
Last Updated: 01/01/2021
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.
