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PROPERTY INFO
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
- #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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Amber Forest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$56,074
LOAN DETAILS
$660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $47,475 |
| Loan Amount | $142,425 |
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
-
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
1.404.803.0483
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6834445
Last Updated: 01/30/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.
