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304 Trenton Circle Jonesboro, GA 30236

5 Beds 3 Baths 2,417 sqft Built 1997

$465,000

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $192.39
  • 2 Days on Market
  • MLS # : 6914196
  • Updated Date : 07/13/2021 at 15:40
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,417 sqft
  • Baths : 3 full
Listing Agent's Description

Beautiful Executive Home in upscale community near Lake Spivey. This four-sided brick beauty is situated on a gorgeous waterfront lot on the private Heritage Ridge community lake. Stunning foyer entrance leads to a welcoming open concept living space with formal dining and living areas. The chef’s dream kitchen features all new stainless steel appliances, granite counters, custom tile back splash and a huge walk-in pantry. All new gleaming hardwood floors on most of the main floor and in the master bedroom.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #1 Moving Destination in the Nation (Penske, 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Heritage Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $81k332k

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

Neighborhood: Heritage Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28001000120014001600180020002200Rent in $7592248

* 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
Pate's Creek Elementary School Primary Regular 636 39 4
Dutchtown Middle School Middle Regular 1,036 59 6
Dutchtown High School High Regular 1,498 84 6

Pate's Creek Elementary School

  • Education Level: Primary
  • # of students: 636
  • # of teachers: 39
4
GreatSchools Rating

Dutchtown Middle School

  • Education Level: Middle
  • # of students: 1,036
  • # of teachers: 59
6
GreatSchools Rating

Dutchtown High School

  • Education Level: High
  • # of students: 1,498
  • # of teachers: 84
6
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$1,615
Property Tax -$528
Property Insurance -$74
HOA -$12
Property Management Fees -$119
CASH FLOW
$192

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.

$465,000

PROJECTED PRICE

$2,540

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.7%
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$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$32,856

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,248

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,3403$2,540
$2,540
RENT COMPS ANALYSIS
  • 304 Trenton Circle Jonesboro, GA 3
    • 5 beds 3 baths ∙ 2,417 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,417 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $1.05
    •  
  • 9360 Carnes Crossing Circle Jonesboro, GA 1
    • 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 2002
    property image
    LEASED 02/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.90
    •  
  • 222 Monarch Village Way Stockbridge, GA 2
    • 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 2003
    property image
    LEASED 03/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $0.96
    •  
PROPERTY LISTING DETAILS
Chris Holland
1.404.915.1490
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6914196
Last Updated: 07/13/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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