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2948 Rolling Lane Winston, GA 30187

3 Beds 3 Baths 1,900 sqft Built 2003

$209,900

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $110.47
  • 4 Days on Market
  • MLS # : 6815376
  • Updated Date : 12/04/2020 at 15:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,900 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Welcome Home! Charming two story in friendly neighborhood. Minutes from Douglas Blvd. & Hwy 5! Good schools. Inviting family room with fireplace. Spacious eat-in kitchen with all the right ingredients. Finished basement great for rainy day play. Oversized master retreat with walk in closet and tray ceiling. Just off the kitchen you can access the deck- so you can entertain with ease. A big and private backyard- perfect for play, gardening or just relaxing on a weekend.

SEE MORE

MARKET HIGHLIGHTS

  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 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)
  • 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Cobblestone

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Neighborhood: Cobblestone

NeighborhoodNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171509

* 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
Bright Star Elementary School Primary Regular 452 31 4
Mason Creek Middle School Middle Regular 868 49 5
Douglas County High School High Regular 1,886 102 6

Bright Star Elementary School

  • Education Level: Primary
  • # of students: 452
  • # of teachers: 31
4
GreatSchools Rating

Mason Creek Middle School

  • Education Level: Middle
  • # of students: 868
  • # of teachers: 49
5
GreatSchools Rating

Douglas County High School

  • Education Level: High
  • # of students: 1,886
  • # of teachers: 102
6
GreatSchools Rating
 

$188,910$230,890$209,900

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$774
Property Tax -$244
Property Insurance -$64
HOA -$15
Property Management Fees -$119
CASH FLOW
$114

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.

$209,900

PROJECTED PRICE

$1,330

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 9.0%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$61,374

INVESTMENT

$61,374

Down Payment
$52,475
Rehab Estimate
$5,750
Closing Costs
$3,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$774

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,475
Loan Amount $157,425
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$15,607

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,438

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,3303$1,3954$1,565
$1,565
RENT COMPS ANALYSIS
  • 2948 Rolling Lane Winston, GA 2
    • 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.70
    •  
  • 6742 Brookfield Way Douglasville, GA 1
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2001
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.60
    •  
  • 6461 Shadow Court Douglasville, GA 3
    • 4 beds 4 baths ∙ 1,650 Sqft ∙ Built 2002 4 beds 4 baths ∙ 1,650 Sqft ∙ Built 2002
    property image
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.85
    •  
  • 9634 Fox Hunt Circle N Douglasville, GA 4
    • 4 beds 3 baths ∙ 1,901 Sqft ∙ Built 1992 4 beds 3 baths ∙ 1,901 Sqft ∙ Built 1992
    property image
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,565
    • $0.82
    •  
PROPERTY LISTING DETAILS
Rhonda Duffy
1.678.318.3613
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6815376
Last Updated: 12/04/2020
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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