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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $136.33
- 3 Days on Market
- MLS # : 6825665
- Updated Date : 01/09/2021 at 08:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,833 sqft
- Baths : 2 full
Listing Agent's Description
Open ranch floor plan, fireside great room opens to the sunny kitchen and dining room. Spacious owner's suite with sitting room, private bath and large closet. Two additional bedrooms and full bath. Enjoy the relaxing sunroom off the great room plus extended patio with sun sail. Fenced yard with shed. Newer HVAC, fresh interior paint, new flooring, great area schools, close to shopping & highways. Updated and move-in ready. Extra storage shelves in garage. *Please wear mask and remove shoes for showing.
SEE MORE
- #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)
- Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
- #1 Moving Destination in the Nation (Penske, 2018)
PRICE & RENT TRENDS
Zip Code: 30043
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30043
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,630 |
EXPENSES | Loan Payment | -$868 |
Property Tax | -$300 | |
Property Insurance | -$63 | |
HOA | -$37 | |
Property Management Fees | -$119 | |
CASH FLOW
$244
|
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.
$249,900
PROJECTED PRICE
$1,630
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.09% |
Appreciation Year (1-5) | 8.1% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 7.38% |
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
$71,974
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $62,475 |
Loan Amount | $187,425 |
9.5
YEARS SAVED
$33,329
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,630
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,434
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.770.540.6777
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6825665
Last Updated: 01/09/2021

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