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2961 Nairn Court Douglasville, GA 30135

3 Beds 3 Baths 2,048 sqft Built 2006

$235,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $114.75
  • 2 Days on Market
  • MLS # : 6803635
  • Updated Date : 11/02/2020 at 13:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,048 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Your Dream Home Awaits!!! Come view this beautiful and spacious 3 bed Ranch. The home features an open floor plan, large great room with a fireplace. Enjoy cooking in the spacious kitchen that features an island and breakfast bar. Large master with his & hers closet and dual vanity. Enjoy and Entertain in the fenced backyard with covered patios. Don't miss out!!

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: 30135

ZipNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200kPrice in $100k209k

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

Zip Code: 30135

ZipNIR Market*CityMarket2010Year20002019 Q295010001050110011501200125013001350140014501500Rent in $9311509

* 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
Mount Carmel Elementary School Primary Regular 498 32 5
Chestnut Log Middle School Middle Regular 711 45 4
New Manchester High School High Regular 1,680 95 4

Mount Carmel Elementary School

  • Education Level: Primary
  • # of students: 498
  • # of teachers: 32
5
GreatSchools Rating

Chestnut Log Middle School

  • Education Level: Middle
  • # of students: 711
  • # of teachers: 45
4
GreatSchools Rating

New Manchester High School

  • Education Level: High
  • # of students: 1,680
  • # of teachers: 95
4
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$867
Property Tax -$215
Property Insurance -$67
HOA -$41
Property Management Fees -$119
CASH FLOW
$201

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.

$235,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$31,016

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,603

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,299
1$1,2992$1,5103$1,5954$1,6655$1,880
$1,880
RENT COMPS ANALYSIS
  • 2961 Nairn Court Douglasville, GA 2
    • 3 beds 3 baths ∙ 2,048 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,048 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.74
    •  
  • 3030 Pritchards Mill Trail Douglasville, GA 1
    • 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1986
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.75
    •  
  • 3820 Willow Ridge Road Douglasville, GA 3
    • 3 beds 3 baths ∙ 1,935 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,935 Sqft ∙ Built 1988
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.82
    •  
  • 4070 Tarnwood Place Douglasville, GA 4
    • 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 2017
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $0.72
    •  
  • 5027 Manning Drive Douglasville, GA 5
    • 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2014
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.84
    •  
PROPERTY LISTING DETAILS
Shay Brunson
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6803635
Last Updated: 11/02/2020
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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