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2830 Amber Forest Drive Douglasville, GA 30135

4 Beds 3 Baths 2,050 sqft Built 1993

$189,900

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $92.63
  • 2 Days on Market
  • MLS # : 6834445
  • Updated Date : 01/30/2021 at 21:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,050 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Great split foyer home/ no HOA/ level lot/ partially fenced yard/ over $20,000 in upgrades/in-law suite/ main level w/ family room w/ vaulted ceiling/formal dining rm/kitchen w/ breakfast area/master bedroom w/ tray ceiling/master bath w/ garden tub and separate shower/2 additional bedrooms w/ hall bath/lower level w/ spacious bonus/bedroom & bath/kitchenette area w/ sink and small fridge/seller will give a carpet allowance to the buyer at closing/Home warranty available/Hurry this home will not last long. ***Highest and best is Monday 2/1/21 by noon***

SEE MORE

MARKET HIGHLIGHTS

  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
  • Atlanta metro's economy is worth $403 billion in Gross Metro Product and projected to grow to $426 billion in 2019 (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).
  • 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 World’s Busiest Airport(Airports Council International, 2018)

PRICE & RENT TRENDS

Neighborhood: Amber Forest

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Neighborhood: Amber Forest

NeighborhoodNIR 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
Factory Shoals Elementary School Primary Regular 730 49 4
Factory Shoals Middle School Middle Regular 854 47 5
New Manchester High School High Regular 1,680 95 4

Factory Shoals Elementary School

  • Education Level: Primary
  • # of students: 730
  • # of teachers: 49
4
GreatSchools Rating

Factory Shoals Middle School

  • Education Level: Middle
  • # of students: 854
  • # of teachers: 47
5
GreatSchools Rating

New Manchester High School

  • Education Level: High
  • # of students: 1,680
  • # of teachers: 95
4
GreatSchools Rating
 

$170,910$208,890$189,900

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$660
Property Tax -$173
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
$371

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.

$189,900

PROJECTED PRICE

$1,390

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 7.8%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,074

INVESTMENT

$56,074

Down Payment
$47,475
Rehab Estimate
$5,750
Closing Costs
$2,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$660

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $47,475
Loan Amount $142,425
See What Happens When You Reinvest Cash Flow

12.58

YEARS SAVED

$38,505

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,435

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,299
1$1,2992$1,3903$1,3954$1,4405$1,450
$1,450
RENT COMPS ANALYSIS
  • 2830 Amber Forest Drive Douglasville, GA 2
    • 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.68
    •  
  • 3030 Pritchards Mill Trail Douglasville, GA 1
    • 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1986
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.75
    •  
  • 3060 Wilkes Plantation Way Douglasville, GA 3
    • 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 1983
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.71
    •  
  • 3237 Beaver Drive Douglasville, GA 4
    • 3 beds 3 baths ∙ 2,217 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,217 Sqft ∙ Built 1986
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.65
    •  
  • 2988 Flowers Drive Douglasville, GA 5
    • 3 beds 2 baths ∙ 2,112 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,112 Sqft ∙ Built 1986
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.69
    •  
PROPERTY LISTING DETAILS
Lucia C Brooks
1.404.803.0483
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6834445
Last Updated: 01/30/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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