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3017 Randolph Road Ne Atlanta, GA 30345

4 Beds 3 Baths 2,426 sqft Built 1968

$449,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $185.08
  • 47 Days on Market
  • MLS # : 6789787
  • Updated Date : 11/14/2020 at 11:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,426 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

This 2426 square foot single family brick home has 4 bedrooms and 2.5 bathrooms. It's a Ranch Style Home and is located at 3017 Randolph Rd NE, Atlanta, GA 30345. Foyer Main Entrance, Hardwood floors through out the home. Bedrooms have ceiling fans and central A/C and Heat. Family Room with Fireplace, Separate Dinning Room, Breakfast Nook, Laundry Room, Master Bed Room has Double Vanity. 607 sq ft, Workshop, Utility Room & Bonus Room in basement with Interior & Exterior Entrance.

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)
  • #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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30345

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $113k435k

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

Zip Code: 30345

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100220023002400Rent in $9732426

* 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
Henderson Mill Elementary School Primary Regular 604 38 5
Henderson Middle School Middle Regular 1,578 95 6
Lakeside High School High Regular 2,048 111 7

Henderson Mill Elementary School

  • Education Level: Primary
  • # of students: 604
  • # of teachers: 38
5
GreatSchools Rating

Henderson Middle School

  • Education Level: Middle
  • # of students: 1,578
  • # of teachers: 95
6
GreatSchools Rating

Lakeside High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 111
7
GreatSchools Rating
 

$404,100$493,900$449,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,657
Property Tax -$581
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
-$30

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.

$449,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 7.3%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$22,317

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,644

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4003$2,5004$2,5955$2,875
$2,875
RENT COMPS ANALYSIS
  • 3017 Ne Randolph Road Ne Atlanta, GA 2
    • 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.99
    •  
  • 2889 Bonanza Drive Decatur, GA 1
    • 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 1963
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.03
    •  
  • 1826 Hermitage Place Decatur, GA 3
    • 3 beds 4 baths ∙ 2,300 Sqft ∙ Built 1985 3 beds 4 baths ∙ 2,300 Sqft ∙ Built 1985
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.09
    •  
  • 2418 Brookdale Drive Ne Atlanta, GA 4
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1964
    LEASED 04/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.18
    •  
  • 2462 Helmsdale Drive Ne Atlanta, GA 5
    • 4 beds 3 baths ∙ 2,715 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,715 Sqft ∙ Built 1966
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,875
    • $1.06
    •  
PROPERTY LISTING DETAILS
Farzana Kalvert
1.770.256.5500
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6789787
Last Updated: 11/14/2020
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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