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2820 Georgian Terrace Marietta, GA 30068

3 Beds 2 Baths 2,162 sqft Built 1972

$350,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $161.89
  • 3 Days on Market
  • MLS # : 6825376
  • Updated Date : 01/09/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,162 sqft
  • Baths : 2 full
Listing Agent's Description

Bring your vision and welcome home to East Cobb! Amazing location! Near I75, 285; Braves Stadium; Battery, shops and restaurants! Nice sized yard, and just over 2000 sq/ft of living space.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 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'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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Zip Code: 30068

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $113k440k

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

Zip Code: 30068

ZipNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9732575

* 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
Eastvalley Elementary School Primary Regular 712 50 8
East Cobb Middle School Middle Regular 1,223 78 6
Wheeler High School High Regular 2,117 128 8

Eastvalley Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 50
8
GreatSchools Rating

East Cobb Middle School

  • Education Level: Middle
  • # of students: 1,223
  • # of teachers: 78
6
GreatSchools Rating

Wheeler High School

  • Education Level: High
  • # of students: 2,117
  • # of teachers: 128
8
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,216
Property Tax -$554
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
-$58

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.

$350,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 4.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$10,579

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,076

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0253$2,1004$2,2005$2,350
$2,350
RENT COMPS ANALYSIS
  • 2820 Georgian Terrace Marietta, GA 1
    • 3 beds 2 baths ∙ 2,162 Sqft ∙ Built 1972 3 beds 2 baths ∙ 2,162 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.88
    •  
  • 2721 Georgian Court Marietta, GA 2
    • 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 1972
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.97
    •  
  • 2741 Georgian Terrace Marietta, GA 3
    • 4 beds 3 baths ∙ 2,395 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,395 Sqft ∙ Built 1974
    property image
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.88
    •  
  • 200 Holt Road Ne Marietta, GA 4
    • 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 1961 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 1961
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.02
    •  
  • 2770 Burtz Drive Marietta, GA 5
    • 4 beds 4 baths ∙ 2,411 Sqft ∙ Built 1974 4 beds 4 baths ∙ 2,411 Sqft ∙ Built 1974
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.97
    •  
PROPERTY LISTING DETAILS
Sara Ead
1.678.462.9507
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6825376
Last Updated: 01/09/2021
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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