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3150 Silverchase Circle Sw Marietta, GA 30008

3 Beds 3 Baths 2,031 sqft Built 1997

$259,900

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $127.97
  • 3 Days on Market
  • MLS # : 6856143
  • Updated Date : 03/20/2021 at 22:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,031 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Location convenient access to Marietta Square, East/West Connector, & city of Atlanta. Shopping, schools, churches, & more just minutes away! Quality built homes in well maintained swim/tennis subdivision w/ friendly neighbors. Cul de sac location with private fenced level backyard to enjoy outdoor activities! Open Interior with natural light thorough out home. Kitchen with spacious counter tops & cabinets. open view from Kitchen to Great/Family room with walk out patio/yard. Separate Bedroom plan, 2 car garage. Home has curb appeal!

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: Milford Woods

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $103k282k

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

Neighborhood: Milford Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9731868

* 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
Birney Elementary School Primary Regular 760 62 3
Smitha Middle School Middle Regular 986 65 5
Osborne High School High Regular 1,999 123 3

Birney Elementary School

  • Education Level: Primary
  • # of students: 760
  • # of teachers: 62
3
GreatSchools Rating

Smitha Middle School

  • Education Level: Middle
  • # of students: 986
  • # of teachers: 65
5
GreatSchools Rating

Osborne High School

  • Education Level: High
  • # of students: 1,999
  • # of teachers: 123
3
GreatSchools Rating
 

$233,910$285,890$259,900

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 -$903
Property Tax -$412
Property Insurance -$66
HOA -$25
Property Management Fees -$119
CASH FLOW
$85

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.

$259,900

PROJECTED PRICE

$1,610

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 5.9%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$14,161

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
  • $0.79

    LIST RENT PER SQFT
  • $1,610

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,445
1$1,4452$1,6103$1,6654$1,6955$1,800
$1,800
RENT COMPS ANALYSIS
  • 3150 Silverchase Circle Sw Marietta, GA 2
    • 3 beds 3 baths ∙ 2,031 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,031 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.79
    •  
  • 3481 Clare Cottage Trace Sw Marietta, GA 1
    • 3 beds 3 baths ∙ 1,771 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,771 Sqft ∙ Built 1989
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.82
    •  
  • 1830 Wellborn Way Marietta, GA 3
    • 3 beds 3 baths ∙ 2,277 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,277 Sqft ∙ Built 1998
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $0.73
    •  
  • 3258 Willa Way Sw Marietta, GA 4
    • 3 beds 2 baths ∙ 2,118 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,118 Sqft ∙ Built 1985
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.80
    •  
  • 3431 Sw Sandlake Drive Sw Marietta, GA 5
    • 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 1996
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.82
    •  
PROPERTY LISTING DETAILS
Patricia S Cox
1.770.475.8899
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6856143
Last Updated: 03/20/2021
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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