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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $150.56
- 4 Days on Market
- MLS # : 6815083
- Updated Date : 12/11/2020 at 10:55
CONSTRUCTION
- Beds : 4
- Floor Size : 2,039 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Beautiful, well maintained, Move-in ready home in superb location of Bridgemill neighborhood. Updated home with Chic Quartz countertops, updated lighting, stainless appliances, subway backsplash, and breakfast area. Downstairs features LVP flooring for easy maintenance and trendy look. Open floor plan with 2-story Great room and fireplace. Nice feature--small living room area which is perfect for kid's play area or in-home work space. Brand New flooring (new white cabinets on order) in Master Bath and Upstairs hall bath.
SEE MORE
- 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)
- As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
- #1 Most affordable big city (WalletHub, 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: Bridgemill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bridgemill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,740 |
| EXPENSES | Loan Payment | -$1,133 |
| Property Tax | -$250 | |
| Property Insurance | -$67 | |
| HOA | -$14 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$157
|
||
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.
$307,000
PROJECTED PRICE
$1,740
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 6.1% |
| 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
$87,105
LOAN DETAILS
$1,133
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $76,750 |
| Loan Amount | $230,250 |
7.58
YEARS SAVED
$34,798
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,740
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,748
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
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- 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2005
LEASED 10/10/19- Rent
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- $1,800
- $0.81
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154 N Gold Mill Place N Canton, GA 5
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LEASED 07/17/19- Rent
- Rent Per SQFT
- $1,900
- $0.84
PROPERTY LISTING DETAILS
1.404.915.7869
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6815083
Last Updated: 12/11/2020
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.
