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304 Bridgewater Terrace Canton, GA 30115

3 Beds 3 Baths 2,020 sqft Built 1999

$275,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $136.14
  • 6 Days on Market
  • MLS # : 6796336
  • Updated Date : 10/30/2020 at 08:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,020 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

This move-in ready home located in a quiet cul-de-sac in the desirable Bridgewater that is conveniently located to Hickory Flat, Canton, and Woodstock. The spacious covered front porch welcomes you to this home that is nestled on one of the most private lots. The living room offers a cozy fireplace for when the weather turns cold and easily flows into the all white kitchen with breakfast area The dining area is the perfect size to enjoy every day meals yet can also accommodate those special holiday gatherings.

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: Bridgewater

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Bridgewater

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Avery Elementary School Primary Regular 1,052 57 8
Creekland Middle School Middle Regular 1,399 80 7
Creekview High School High Regular 1,828 98 8

Avery Elementary School

  • Education Level: Primary
  • # of students: 1,052
  • # of teachers: 57
8
GreatSchools Rating

Creekland Middle School

  • Education Level: Middle
  • # of students: 1,399
  • # of teachers: 80
7
GreatSchools Rating

Creekview High School

  • Education Level: High
  • # of students: 1,828
  • # of teachers: 98
8
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,015
Property Tax -$224
Property Insurance -$66
HOA -$22
Property Management Fees -$119
CASH FLOW
$304

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.

$275,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.0%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$50,599

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,904

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,620
1$1,6202$1,6503$1,7004$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 304 Bridgewater Terrace Canton, GA 4
    • 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
  • 610 Royal Crest Court Canton, GA 1
    • 4 beds 3 baths ∙ 1,725 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,725 Sqft ∙ Built 2018
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.94
    •  
  • 609 Royal Crest Court Canton, GA 2
    • 4 beds 3 baths ∙ 1,711 Sqft ∙ Built 2017 4 beds 3 baths ∙ 1,711 Sqft ∙ Built 2017
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
  • 647 Royal Crest Court Canton, GA 3
    • 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 2017 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 2017
    LEASED 06/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.94
    •  
  • 945 Duncan Terrace Canton, GA 5
    • 4 beds 3 baths ∙ 1,931 Sqft ∙ Built 2014 4 beds 3 baths ∙ 1,931 Sqft ∙ Built 2014
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.93
    •  
PROPERTY LISTING DETAILS
The Davenport Group
1.404.436.1607
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6796336
Last Updated: 10/30/2020
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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