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312 Stockwood Drive Woodstock, GA 30188

3 Beds 2 Baths 1,907 sqft Built 1973

$265,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $138.96
  • 4 Days on Market
  • MLS # : 6852024
  • Updated Date : 03/12/2021 at 08:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,907 sqft
  • Baths : 2 full
Listing Agent's Description

Perched on a hill, this 3 bedroom/2 bath home has been well maintained. New roof installed within the last 6 months. Hardwood floors in the living area with carpet in the bedrooms. Beautiful kitchen with granite counters. Nice master with generous closet and private master bath with a walk-in shower. A beautiful brick fireplace adds warmth and character. French doors off the dining room lead to the fenced backyard. Drive under garage and unfinished basement area. One room in the basement is finished and would be perfect for a home office or playroom.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Stockwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $96k253k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Stockwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8621697

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Woodstock Elementary School Primary Regular 1,142 67 5
Woodstock Middle School Middle Regular 1,175 69 8
Woodstock High School High Regular 2,179 111 8

Woodstock Elementary School

  • Education Level: Primary
  • # of students: 1,142
  • # of teachers: 67
5
GreatSchools Rating

Woodstock Middle School

  • Education Level: Middle
  • # of students: 1,175
  • # of teachers: 69
8
GreatSchools Rating

Woodstock High School

  • Education Level: High
  • # of students: 2,179
  • # of teachers: 111
8
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$920
Property Tax -$216
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
$260

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.

$265,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$35,507

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,580

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,750

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,465
1$1,4652$1,5803$1,6494$1,6755$1,750
$1,750
RENT COMPS ANALYSIS
  • 312 Stockwood Drive Woodstock, GA 2
    • 3 beds 2 baths ∙ 1,907 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,907 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.83
    •  
  • 5099 Olde Mill Drive Marietta, GA 1
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1988
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,465
    • $0.92
    •  
  • 4993 Shallow Ridge Road Ne Kennesaw, GA 3
    • 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 1987
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.96
    •  
  • 161 Bentley Parkway Woodstock, GA 4
    • 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1993
    property image
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.98
    •  
  • 724 Jamie Way Woodstock, GA 5
    • 4 beds 3 baths ∙ 2,167 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,167 Sqft ∙ Built 1993
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.81
    •  
PROPERTY LISTING DETAILS
Alison Sternfels
1.404.569.3674
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6852024
Last Updated: 03/12/2021
support@investimateroi.com

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.

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