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3141 Brians Creek Drive Se Conyers, GA 30013

5 Beds 3 Baths 2,324 sqft Built 2001

$284,900

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $122.59
  • 37 Days on Market
  • MLS # : 6754650
  • Updated Date : 01/04/2021 at 09:42
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,324 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Well kept home in desirable Westchester Lakes! This home has been owned by one family since it was built and is ready for a new owner. Walk into the 2 story foyer and living room with tons of natural light, fireplace and open to the dining room. Kitchen features stained cabinetry, panty and breakfast nook overlooking the beautiful backyard. Master on main with trey ceiling and spacious ensuite with separate tub/shower and double vanity. Powder room and laundry room are also located on the main level. Upstairs you will find 4 bedrooms and a full bathroom. Full,

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).
  • #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)
  • 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

Neighborhood: Ivy Bluff

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $90k216k

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

Neighborhood: Ivy Bluff

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8631655

* 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
Peek's Chapel Elementary School Primary Regular 636 39 5
Memorial Middle School Middle Regular 950 62 4
Salem High School High Regular 1,370 69 4

Peek's Chapel Elementary School

  • Education Level: Primary
  • # of students: 636
  • # of teachers: 39
5
GreatSchools Rating

Memorial Middle School

  • Education Level: Middle
  • # of students: 950
  • # of teachers: 62
4
GreatSchools Rating

Salem High School

  • Education Level: High
  • # of students: 1,370
  • # of teachers: 69
4
GreatSchools Rating
 

$256,410$313,390$284,900

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$990
Property Tax -$325
Property Insurance -$72
HOA -$32
Property Management Fees -$119
CASH FLOW
$72

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.

$284,900

PROJECTED PRICE

$1,610

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 8.7%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,249

INVESTMENT

$81,249

Down Payment
$71,225
Rehab Estimate
$5,750
Closing Costs
$4,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,225
Loan Amount $213,675
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$15,706

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,592

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4653$1,5004$1,6105$1,890
$1,890
RENT COMPS ANALYSIS
  • 3141 Brians Creek Drive Se Conyers, GA 4
    • 5 beds 3 baths ∙ 2,324 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,324 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.69
    •  
  • 3128 Baywood Court Conyers, GA 1
    • 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 2003
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.69
    •  
  • 3632 Shale Lane Se Conyers, GA 2
    • 4 beds 2 baths ∙ 2,121 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,121 Sqft ∙ Built 2013
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,465
    • $0.69
    •  
  • 3375 Westover Way Se Conyers, GA 3
    • 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 2000
    LEASED 05/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.65
    •  
  • 2645 Santa Fe Court Se Conyers, GA 5
    • 5 beds 3 baths ∙ 2,670 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,670 Sqft ∙ Built 2003
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.71
    •  
PROPERTY LISTING DETAILS
Taylor Morris
1.770.369.5560
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6754650
Last Updated: 01/04/2021
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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