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3139 Red Oak Trail Decatur, GA 30034

4 Beds 3 Baths 2,876 sqft Built 2002

$290,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • #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

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $81k209k

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

Zip Code: 30034

ZipNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171509

* 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
Oak View Elementary School Primary Regular 811 49 2
Cedar Grove Middle School Middle Regular 864 51 3
Cedar Grove High School High Regular 1,014 59 4

Oak View Elementary School

  • Education Level: Primary
  • # of students: 811
  • # of teachers: 49
2
GreatSchools Rating

Cedar Grove Middle School

  • Education Level: Middle
  • # of students: 864
  • # of teachers: 51
3
GreatSchools Rating

Cedar Grove High School

  • Education Level: High
  • # of students: 1,014
  • # of teachers: 59
4
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

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
$1,650
1$1,6502$1,6803$1,8504$1,8905$1,975
$1,975
RENT COMPS ANALYSIS
  • 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
Craig Cj Robinson
1.404.307.0192
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6827315
Last Updated: 01/16/2021
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. © 2017 First Multiple Listing Service, Inc.

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