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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $165.75
- 1 Days on Market
- MLS # : 6843051
- Updated Date : 02/20/2021 at 23:46
CONSTRUCTION
- Beds : 4
- Floor Size : 1,448 sqft
- Baths : 2 full
Listing Agent's Description
This is a charming, well maintained single family home. The kitchen is stunning! It's been renovated with tons of upgrades! The home has a huge front and backyard with a lot of privacy. You will find the home tucked away on a corner lot. Convenient to shopping and EWC.
SEE MORE
- 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: Pine Grove Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pine Grove Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,430 |
| EXPENSES | Loan Payment | -$834 |
| Property Tax | -$260 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$162
|
||
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.
$240,000
PROJECTED PRICE
$1,430
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 7.0% |
| 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
$69,350
LOAN DETAILS
$834
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $60,000 |
| Loan Amount | $180,000 |
6.58
YEARS SAVED
$18,386
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,430
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,158
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
2905 Robertswood Drive Powder Springs, GA 4
- 4 beds 2 baths ∙ 1,448 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,448 Sqft ∙ Built 1992
- Rent
- Rent Per SQFT
- $1,430
- $0.99
-
2716 Aruba Drive Powder Springs, GA 1
- 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1981
LEASED 03/07/20- Rent
- Rent Per SQFT
- $1,195
- $0.78
-
3160 Kipling Drive Powder Springs, GA 2
- 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1973
LEASED 11/06/19- Rent
- Rent Per SQFT
- $1,200
- $0.77
-
3543 Ten Oaks Circle Powder Springs, GA 3
- 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1995
LEASED 04/22/20- Rent
- Rent Per SQFT
- $1,295
- $0.83
-
3481 Clare Cottage Trace Sw Marietta, GA 5
- 3 beds 3 baths ∙ 1,771 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,771 Sqft ∙ Built 1989
LEASED 12/02/19- Rent
- Rent Per SQFT
- $1,445
- $0.82
PROPERTY LISTING DETAILS
1.678.392.9928
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6843051
Last Updated: 02/20/2021
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.
