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PROPERTY INFO
FACTS
- Single Family
- Built In 1975
- Price/Sqft : $130.77
- 2 Days on Market
- MLS # : 6818290
- Updated Date : 12/12/2020 at 20:10
CONSTRUCTION
- Beds : 3
- Floor Size : 1,300 sqft
- Baths : 2 full
Listing Agent's Description
Gorgeous, 3 bedroom, 2 bath home. Separate, adorable, guest house (currently rented). The rent can pay your mortgage. This well maintained home has a lovely front porch, dining area, finished sunroom, finished basement with fireplace and laundry. Also one car garage. Granite in kitchen and bathrooms, hardwood floors throughout, baths are tiled. Guest house has one bedroom, one bath, family room, kitchen, lovely porch. Leveled lot, great for fruit trees and garden. Required: Masks, gloves, follow COVID guideline See private remarks regarding showing instructions.
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: Creekwood Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Creekwood Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,310 |
| EXPENSES | Loan Payment | -$627 |
| Property Tax | -$194 | |
| Property Insurance | -$52 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$318
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.
$170,000
PROJECTED PRICE
$1,310
PROJECTED RENT
0.77%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 7.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.60% |
| 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
$50,800
LOAN DETAILS
$627
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $42,500 |
| Loan Amount | $127,500 |
12.08
YEARS SAVED
$37,934
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,310
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,274
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
3074 Kathy Lane Nw Conyers, GA 1
- 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1975
![property image]()
- Rent
- Rent Per SQFT
- $1,310
- $1.01
-
2450 Irwin Bridge Road Conyers, GA 2
- 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1992
![property image]()
LEASED 10/25/19- Rent
- Rent Per SQFT
- $1,350
- $0.98
PROPERTY LISTING DETAILS
1.404.323.1660
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6818290
Last Updated: 12/12/2020
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.
