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3027 Peace Pipe Way Douglasville, GA 30135

4 Beds 3 Baths 2,520 sqft Built 2003

INVESTimate

$235,000

List Price

$1,640

$1,476 - $1,804

Rent Est.

$253,260  ( +7.77%)   1 YR EST. FORECAST

PROPERTY INFO

90% chance this property will be sold within the next 10 days HOT INVESTMENT
August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $93.25
  • 6 Days on Market
  • MLS # : 6770358
  • Updated Date : 08/22/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,520 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Large Traditional Brick Corner Lot Home in a swim & tennis community. Formal living and dining room with fireplace that opens to a large kitchen with center island. Full daylight basement with lots of possilbilities.

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

Neighborhood: The Bluffs at Anneewakee Trails

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210k220k230kPrice in $100k233k

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

Neighborhood: The Bluffs at Anneewakee Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9311701

* 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
New Manchester Elementary School Primary Regular 876 48 4
Factory Shoals Middle School Middle Regular 854 47 5
New Manchester High School High Regular 1,680 95 4

New Manchester Elementary School

  • Education Level: Primary
  • # of students: 876
  • # of teachers: 48
4
GreatSchools Rating

Factory Shoals Middle School

  • Education Level: Middle
  • # of students: 854
  • # of teachers: 47
5
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

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

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$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$867
Property Tax -$216
Property Insurance -$76
HOA -$47
Property Management Fees -$119
CASH FLOW
$315

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

$1,640

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.77%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

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 30% 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

10.75

YEARS SAVED

$44,928

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,695

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,540
1$1,5402$1,6403$1,6954$1,7005$1,825
$1,825
RENT COMPS ANALYSIS
  • 3027 Peace Pipe Way Douglasville, 2
    • 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.65
    •  
  • 2605 Thunder Basin Way Douglasville, 1
    • 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 2004
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.67
    •  
  • 4694 Glider Circle Douglasville, 3
    • 4 beds 3 baths ∙ 2,588 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,588 Sqft ∙ Built 2004
    property image
    LEASED 06/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.65
    •  
  • 4610 Ferncrest Place Douglasville, 4
    • 5 beds 3 baths ∙ 2,557 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,557 Sqft ∙ Built 2004
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.66
    •  
  • 2893 Open Sky Way Douglasville, 5
    • 5 beds 3 baths ∙ 2,582 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,582 Sqft ∙ Built 2006
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.71
    •  
PROPERTY LISTING DETAILS
Kenya Williams
1.404.557.6636
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6770358
Last Updated: 08/22/2020
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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