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2930 Canton Chase Drive Marietta, GA 30062

4 Beds 3 Baths 2,704 sqft Built 1987

$375,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $138.68
  • 3 Days on Market
  • MLS # : 6809879
  • Updated Date : 11/21/2020 at 08:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,704 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Awesome traditional 4 BR, 2.5 BA in the Dodgen/Pope district. Updates in this home including brand new gleaming hardwoods down and new carpet up, paint touch ups, hardi-plank siding, double paned windows, kitchen, appliances, HVAC, and hot water heater make this home truly move in ready! The flat back yard is completely fenced and even offers a basketball 1/2 court! This home is truly AMAZING. Offering a great value in this award winning school district, please come quickly-this won't last long.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 2018)

PRICE & RENT TRENDS

Neighborhood: Olde Canton Chase

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $113k376k

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

Neighborhood: Olde Canton Chase

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9732235

* 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
Murdock Elementary School Primary Regular 901 54 10
Dodgen Middle School Middle Regular 1,226 69 10
Pope High School High Regular 1,929 102 9

Murdock Elementary School

  • Education Level: Primary
  • # of students: 901
  • # of teachers: 54
10
GreatSchools Rating

Dodgen Middle School

  • Education Level: Middle
  • # of students: 1,226
  • # of teachers: 69
10
GreatSchools Rating

Pope High School

  • Education Level: High
  • # of students: 1,929
  • # of teachers: 102
9
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,384
Property Tax -$613
Property Insurance -$79
Property Management Fees -$119
CASH FLOW
$55

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.

$375,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.6%
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$1.0M$1.2M

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$23,587

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,352

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,1003$2,2504$2,6005$2,700
$2,700
RENT COMPS ANALYSIS
  • 2930 Canton Chase Drive Marietta, GA 3
    • 4 beds 3 baths ∙ 2,704 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,704 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.83
    •  
  • 2186 Cedar Forks Drive Marietta, GA 1
    • 3 beds 4 baths ∙ 2,542 Sqft ∙ Built 1977 3 beds 4 baths ∙ 2,542 Sqft ∙ Built 1977
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.78
    •  
  • 1839 Beaver Dam Lane Ne Marietta, GA 2
    • 4 beds 3 baths ∙ 2,756 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,756 Sqft ∙ Built 1973
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.76
    •  
  • 3250 Sewell Mill Road Marietta, GA 4
    • 3 beds 2 baths ∙ 2,674 Sqft ∙ Built 1971 3 beds 2 baths ∙ 2,674 Sqft ∙ Built 1971
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.97
    •  
  • 3501 Billingsley Drive Marietta, GA 5
    • 5 beds 3 baths ∙ 2,779 Sqft ∙ Built 1987 5 beds 3 baths ∙ 2,779 Sqft ∙ Built 1987
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.97
    •  
PROPERTY LISTING DETAILS
Lee Gidley
1.770.710.9972
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6809879
Last Updated: 11/21/2020
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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