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285 Manley Court Woodstock, GA 30188

2 Beds 3 Baths 1,195 sqft Built 1998

$254,900

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $213.31
  • 2 Days on Market
  • MLS # : 6913760
  • Updated Date : 07/13/2021 at 08:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,195 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Run to this Townhouse! Move-in ready. Meticulously maintained. New HVAC - 2018, New roof - 2016, New garage door-2019. Bonus loft area with closet and window (could easily be 3rd BR) Vaulted family room with fireplace open to kitchen area. Relax on private, fenced patio backs up to woods-garden area-quiet. Excellent location close to shopping, restaurants. Sought after Stonecroft. HOA $55 month/$660 year maintains care of the front yard. Won't last!

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: Stonecroft

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $94k321k

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

Neighborhood: Stonecroft

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8192009

* 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
Woodstock Elementary School Primary Regular 1,142 67 5
Woodstock Middle School Middle Regular 1,175 69 8
Woodstock High School High Regular 2,179 111 8

Woodstock Elementary School

  • Education Level: Primary
  • # of students: 1,142
  • # of teachers: 67
5
GreatSchools Rating

Woodstock Middle School

  • Education Level: Middle
  • # of students: 1,175
  • # of teachers: 69
8
GreatSchools Rating

Woodstock High School

  • Education Level: High
  • # of students: 2,179
  • # of teachers: 111
8
GreatSchools Rating
 

$229,410$280,390$254,900

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$885
Property Tax -$208
Property Insurance -$50
Property Management Fees -$119
CASH FLOW
$157

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.

$254,900

PROJECTED PRICE

$1,420

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.9%
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

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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,299

INVESTMENT

$73,299

Down Payment
$63,725
Rehab Estimate
$5,750
Closing Costs
$3,824

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$885

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,725
Loan Amount $191,175
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$27,133

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $1,546

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4003$1,4204$1,500
$1,500
RENT COMPS ANALYSIS
  • 285 Manley Court Woodstock, GA 3
    • 2 beds 3 baths ∙ 1,195 Sqft ∙ Built 1998 2 beds 3 baths ∙ 1,195 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $1.19
    •  
  • 1109 Rook Place Woodstock, GA 1
    • 2 beds 2 baths ∙ 912 Sqft ∙ Built 1991 2 beds 2 baths ∙ 912 Sqft ∙ Built 1991
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.48
    •  
  • 634 West Oaks Drive Woodstock, GA 2
    • 2 beds 2 baths ∙ 1,143 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,143 Sqft ∙ Built 2001
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.22
    •  
  • 354 W Oaks Trail Woodstock, GA 4
    • 2 beds 3 baths ∙ 1,271 Sqft ∙ Built 2001 2 beds 3 baths ∙ 1,271 Sqft ∙ Built 2001
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.18
    •  
PROPERTY LISTING DETAILS
Betsy Malcolm
1.770.856.5907
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6913760
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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