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2880 Valley Heart Drive Nw Atlanta, GA 30318

4 Beds 3 Baths 3,400 sqft Built 1961

$350,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $102.94
  • 4 Days on Market
  • MLS # : 6852484
  • Updated Date : 03/13/2021 at 12:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,400 sqft
  • Baths : 3 full
Listing Agent's Description

Gorgeous Total Renovation! An Inviting Front Porch welcomes you into an Expansive Open Floorplan, ideal for entertaining. Hardwood Floors begin in a Large Family Room and extend into a Bright, Central Dining Room. Stainless Steel Appliances shine in the Custom Chef's Kitchen with Granite Countertops, Subway Tile Backsplash, and Island Breakfast Bar. Unwind in the plush Owner's Suite with Dual Closets and Spa-Style Bathroom featuring Dual Vanity and Frameless Glass Shower. Downstairs, a Finished Daylight Basement with Fireplace makes the most of every inch with plenty of

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

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

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,216
Property Tax -$406
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
-$176

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.

$350,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.47%

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$700k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

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 60% 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

1.33

YEARS SAVED

$2,417

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,648

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5503$1,5954$1,6005$1,630
$1,630
RENT COMPS ANALYSIS
  • 2880 Valley Heart Drive Nw Atlanta, GA 5
    • 3 beds 3 baths ∙ 1,992 Sqft ∙ Built 1961 3 beds 3 baths ∙ 1,992 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.82
    •  
  • 36 Delmoor Court Nw Atlanta, GA 1
    • 4 beds 2 baths ∙ 1,793 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,793 Sqft ∙ Built 1962
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.78
    •  
  • 2970 Eleanor Terrace Nw Atlanta, GA 2
    • 4 beds 2 baths ∙ 1,933 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,933 Sqft ∙ Built 1963
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.80
    •  
  • 638 Albert Street Nw Atlanta, GA 3
    • 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 1950 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 1950
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.86
    •  
  • 257 Chalmers Drive Nw Atlanta, GA 4
    • 3 beds 3 baths ∙ 1,844 Sqft ∙ Built 1965 3 beds 3 baths ∙ 1,844 Sqft ∙ Built 1965
    LEASED 01/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.87
    •  
PROPERTY LISTING DETAILS
The Justin Landis Group
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6852484
Last Updated: 03/13/2021
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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