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290 Monument Court Sw Marietta, GA 30060

4 Beds 3 Baths 2,612 sqft Built 1980

$165,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $63.17
  • 5 Days on Market
  • MLS # : 6804274
  • Updated Date : 11/06/2020 at 08:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,612 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Have you been looking for a home that feels miles away from the hustle & bustle, but is oh so close to it all? Well, come see this Marietta cutie that's 5 miles away from Suntrust Park & well within budget! This spacious raised ranch sits on a partially finished basement w/ full bath & bedroom waiting for your finishing touches. The main level has an open concept floorplan w/ 3 bedrooms & 1.5 baths that's perfect for family dinners & movie nights. Don't forget about the huge cul-de-sac lot ready to be fenced in for added privacy & large deck perfect for back yard BBQs!

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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).
  • #1 World’s Busiest Airport(Airports Council International, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 30060

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $80k282k

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

Zip Code: 30060

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8171868

* 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
Norton Park Elementary School Primary Regular 884 69 4
Floyd Middle School Middle Regular 935 54 4
Osborne High School High Regular 1,999 123 3

Norton Park Elementary School

  • Education Level: Primary
  • # of students: 884
  • # of teachers: 69
4
GreatSchools Rating

Floyd Middle School

  • Education Level: Middle
  • # of students: 935
  • # of teachers: 54
4
GreatSchools Rating

Osborne High School

  • Education Level: High
  • # of students: 1,999
  • # of teachers: 123
3
GreatSchools Rating
 

$148,500$181,500$165,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$609
Property Tax -$261
Property Insurance -$78
Property Management Fees -$119
CASH FLOW
$613

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.

$165,000

PROJECTED PRICE

$1,680

PROJECTED RENT

1.02%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.7%
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$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$49,475

INVESTMENT

$49,475

Down Payment
$41,250
Rehab Estimate
$5,750
Closing Costs
$2,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$609

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $41,250
Loan Amount $123,750
See What Happens When You Reinvest Cash Flow

17.17

YEARS SAVED

$55,385

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $2,090

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,599
1$1,5992$1,6303$1,6804$1,9955$2,300
$2,300
RENT COMPS ANALYSIS
  • 290 Monument Court Sw Marietta, GA 3
    • 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.64
    •  
  • 3245 Foxwood Trail Se Smyrna, GA 1
    • 3 beds 2 baths ∙ 2,273 Sqft ∙ Built 1966 3 beds 2 baths ∙ 2,273 Sqft ∙ Built 1966
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.70
    •  
  • 749 Village Lane Drive Sw Marietta, GA 2
    • 5 beds 4 baths ∙ 2,323 Sqft ∙ Built 1972 5 beds 4 baths ∙ 2,323 Sqft ∙ Built 1972
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.70
    •  
  • 310 Overbend Landing Sw Marietta, GA 4
    • 4 beds 3 baths ∙ 2,307 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,307 Sqft ∙ Built 2000
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.86
    •  
  • 2749 Sanibel Lane Se Smyrna, GA 5
    • 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 1992
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.94
    •  
PROPERTY LISTING DETAILS
Kim Delkbrooks
1.770.324.2514
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6804274
Last Updated: 11/06/2020
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. © 2017 First Multiple Listing Service, Inc.

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