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2849 Crescendo Drive Nw Atlanta, GA 30318

4 Beds 2 Baths 1,356 sqft Built 1962

$285,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $210.18
  • 6 Days on Market
  • MLS # : 6912064
  • Updated Date : 07/13/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,356 sqft
  • Baths : 1 full , 1 half
Listing Agent's Description

Fully renovated 4 bedroom, 1.5 bath ranch located in the Collier Heights District of southwest Atlanta. Renovated in 2018. Hardwood flooring runs throughout the main level, basement has LTV flooring. Kitchen appliances are all stainless, gas range. Granite counter tops, white shaker cabinets and tiled backsplash. Large living/dining room and separate den. Full finished basement with direct access to a fenced backyard. Roof is 3 years old, systems have been maintained. Owner added a large covered deck which can be accessed from the kitchen. Quiet Cul de sac lot.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Collier Heights

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $64k235k

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

Neighborhood: Collier Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q260070080090010001100120013001400150016001700Rent in $5031714

* 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
Usher-collier Hieghts Elementary School Primary Regular 436 31 3
Charles Lincoln Harper - Samuel Howard Archer Middle School Middle Regular 667 46 1
Frederick Douglass High School High Regular 826 66 2

Usher-collier Hieghts Elementary School

  • Education Level: Primary
  • # of students: 436
  • # of teachers: 31
3
GreatSchools Rating

Charles Lincoln Harper - Samuel Howard Archer Middle School

  • Education Level: Middle
  • # of students: 667
  • # of teachers: 46
1
GreatSchools Rating

Frederick Douglass High School

  • Education Level: High
  • # of students: 826
  • # of teachers: 66
2
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$990
Property Tax -$330
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
-$113

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.

$285,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) -1.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,021

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,587

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,380
1$1,3802$1,3953$1,4954$1,6505$1,675
$1,675
RENT COMPS ANALYSIS
  • 2849 Crescendo Drive Nw Atlanta, GA 1
    • 4 beds 2 baths ∙ 1,356 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,356 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $1.02
    •  
  • 2707 Crescendo Drive Nw Atlanta, GA 2
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1962
    property image
    LEASED 04/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.16
    •  
  • 474 Waterford Road Nw Atlanta, GA 3
    • 4 beds 2 baths ∙ 1,231 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,231 Sqft ∙ Built 1958
    property image
    LEASED 05/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.21
    •  
  • 3174 Kingston Road Nw Atlanta, GA 4
    • 5 beds 2 baths ∙ 1,459 Sqft ∙ Built 1964 5 beds 2 baths ∙ 1,459 Sqft ∙ Built 1964
    property image
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.13
    •  
  • 2631 Santa Barbara Drive Atlanta, GA 5
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1955
    property image
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.18
    •  
PROPERTY LISTING DETAILS
Tom Florence
1.404.402.8062
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6912064
Last Updated: 07/13/2021
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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