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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $158.79
- 2 Days on Market
- MLS # : 6850038
- Updated Date : 03/06/2021 at 08:40
CONSTRUCTION
- Beds : 4
- Floor Size : 1,847 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
UNDER CONSTRUCTION: The Axley CC floor plan by Kerley Family Homes. This home has 3 bedrooms and a second-floor media room which could be used as a fourth bedroom. The well-designed Kitchen has lots of cabinets, granite counters, and a full view of the Living Room with a gas fireplace. The Dining Room has a beautiful chair rail and shadow box trim. So much house for your money and all on a full basement!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Garden Walk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Garden Walk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,480 |
| EXPENSES | Loan Payment | -$1,019 |
| Property Tax | -$350 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$71
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$293,290
PROJECTED PRICE
$1,480
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 5.7% |
| Maintenance Year (1-5) | 3.00% |
| 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
$79,722
LOAN DETAILS
$1,019
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $73,323 |
| Loan Amount | $219,968 |
2.33
YEARS SAVED
$4,613
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,480
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,570
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
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312 Stallings Drive Mcdonough, GA 3
- 4 beds 3 baths ∙ 1,847 Sqft ∙ Built 2021 4 beds 3 baths ∙ 1,847 Sqft ∙ Built 2021
![property image]()
- Rent
- Rent Per SQFT
- $1,480
- $0.80
-
1740 New Orleans Way Mcdonough, GA 1
- 3 beds 3 baths ∙ 1,558 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,558 Sqft ∙ Built 2002
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LEASED 10/19/19- Rent
- Rent Per SQFT
- $1,345
- $0.86
-
5550 Yellow Pine Drive Mcdonough, GA 2
- 4 beds 3 baths ∙ 1,882 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,882 Sqft ∙ Built 2002
![property image]()
LEASED 04/24/20- Rent
- Rent Per SQFT
- $1,455
- $0.77
-
1855 Neighborhood Walk Mcdonough, GA 4
- 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 2004
![property image]()
LEASED 06/05/20- Rent
- Rent Per SQFT
- $1,495
- $0.90
-
1775 Courtyard Lane Mcdonough, GA 5
- 3 beds 3 baths ∙ 1,843 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,843 Sqft ∙ Built 2002
![property image]()
LEASED 11/23/20- Rent
- Rent Per SQFT
- $1,595
- $0.87
PROPERTY LISTING DETAILS
1.404.952.0166
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6850038
Last Updated: 03/06/2021
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.
