Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $100.83
- 5 Days on Market
- MLS # : 6827315
- Updated Date : 01/16/2021 at 20:21
CONSTRUCTION
- Beds : 4
- Floor Size : 2,876 sqft
- Baths : 3 full
Listing Agent's Description
You will absolutely fall in love with this gorgeous home, large open kitchen equipped with s.s. appliances, spacious dining room and movie theater with reclining chairs. The second story includes a oversized Master suite, a Home office and spacious spare bedrooms. This home boasts a wide variety of audio/video and smart options with 39 speaks, 4 wifi access pts, 2 outside decks with fire pit . This home sits in the cul-de-sac with a long driveway, recent Roof, HVAC, paint, appliances and remodeled kitchen.
SEE MORE
- #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).
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
- #1 World’s Busiest Airport(Airports Council International, 2018)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
- #1 Moving Destination in the Nation (Penske, 2018)
PRICE & RENT TRENDS
Zip Code: 30034
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30034
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,007 |
| Property Tax | -$418 | |
| Property Insurance | -$83 | |
| HOA | -$21 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$202
|
||
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.
$290,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 9.5% |
| 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
$82,600
LOAN DETAILS
$1,007
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,500 |
| Loan Amount | $217,500 |
6.25
YEARS SAVED
$20,025
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$0.64
LIST RENT PER SQFT
-
$1,905
COMP ESTIMATED VALUE -
$0.66
COMP AVG. RENT PER SQFT
Comps Range
-
3139 Red Oak Trail Decatur, GA 3
- 4 beds 3 baths ∙ 2,876 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,876 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $1,850
- $0.64
-
3431 Rockmill Drive Ellenwood, GA 1
- 4 beds 3 baths ∙ 2,672 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,672 Sqft ∙ Built 1999
LEASED 10/10/20- Rent
- Rent Per SQFT
- $1,650
- $0.62
-
3325 Allison Circle Decatur, GA 2
- 4 beds 3 baths ∙ 2,758 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,758 Sqft ∙ Built 2016
LEASED 09/01/19- Rent
- Rent Per SQFT
- $1,680
- $0.61
-
3409 River Mill Lane Ellenwood, GA 4
- 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 1993
LEASED 06/09/20- Rent
- Rent Per SQFT
- $1,890
- $0.70
-
3237 Cedar Crest Way Decatur, GA 5
- 4 beds 3 baths ∙ 2,760 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,760 Sqft ∙ Built 2019
LEASED 08/11/19- Rent
- Rent Per SQFT
- $1,975
- $0.72
PROPERTY LISTING DETAILS
1.404.307.0192
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6827315
Last Updated: 01/16/2021
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. © 2017 First Multiple Listing Service, Inc.
