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INVESTimate
$279,000
List Price
$79,685
REQUEST INFO
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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
PROPERTY LISTING DETAILS
1.770.883.1900
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6730447
Last Updated: 08/25/2020

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