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3105 Horseshoe Springs Drive Ne 
Conyers, GA
30013
4 Beds 2 Baths 2,415 sqft
Built 1997
INVESTimate
$279,000
List Price
$79,685
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PROPERTY INFO
FACTS
- Built In 1997
- Price/Sqft : $115.53
- 69 Days on Market
- MLS # : 6730447
- Updated Date : 08/25/2020 at 10:45
CONSTRUCTION
- Beds : 4
- Floor Size : 2,415 sqft
- Baths : 2 full
Listing Agent's Description
Welcome home! This beautiful four sided brick ranch home is set on a generous 1.3 acre corner lot in a peaceful area of large residential lots and horse farms. The established Horseshoe Springs neighborhood is convenient to Covington, Oxford, Conyers and Atlanta via I-20. It is close to shopping, dining, the Georgia International Horse Park and Costley Mill Park. This home has a wonderful open floor plan with a sun room filled with natural light sure to be your favorite room in the house. This home is move in ready with new stainless appliances, carpet and paint.
SEE MORE
- #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
Zip Code: 30013
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30013
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$1,029 |
| Property Tax | -$275 | |
| Property Insurance | -$74 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$63
|
||
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.
$279,000
PROJECTED PRICE
$1,560
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 8.69% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,685
LOAN DETAILS
$1,029
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,750 |
| Loan Amount | $209,250 |
4.58
YEARS SAVED
$14,967
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$0.65
LIST RENT PER SQFT
-
$1,618
COMP ESTIMATED VALUE -
$0.67
COMP AVG. RENT PER SQFT
Comps Range
-
3105 Horseshoe Springs Drive Ne Conyers, 2
- 4 beds 2 baths ∙ 2,415 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,415 Sqft ∙ Built 1997
![property image]()
- Rent
- Rent Per SQFT
- $1,560
- $0.65
-
2508 Highland Drive Conyers, 1
- 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 1978
![property image]()
LEASED 03/18/20- Rent
- Rent Per SQFT
- $1,538
- $0.65
-
45 Windcrest Terrace Covington, 3
- 4 beds 3 baths ∙ 2,326 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,326 Sqft ∙ Built 2004
![property image]()
LEASED 03/02/19- Rent
- Rent Per SQFT
- $1,595
- $0.69
PROPERTY LISTING DETAILS
1.770.883.1900
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6730447
Last Updated: 08/25/2020
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.
