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

317 Emporia Loop Mcdonough, GA 30253

4 Beds 3 Baths 2,242 sqft Built 2020

INVESTimate

$223,725

List Price

$1,450

$1,305 - $1,595

Rent Est.

$238,245  ( +6.49%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $99.79
  • 7 Days on Market
  • MLS # : 6769333
  • Updated Date : 08/20/2020 at 22:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,242 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Live the lifestyle you deserve at Pembrooke Park! This beautiful community in Henry Co. offers residents two swimming pools, 2 lighted tennis courts, covered pavilion and massive clubhouse. Shopping at Tanger Outlets and other major retailers are minutes away. All homes feature granite counter tops and appliance package! The HILLCREST offers design an open concept main level with island kitchen and casual dining that opens to family room. Upstairs offers an incredible owner's retreat and Secondary bedrooms. Downstairs Laundry. Photos used for illustrative purposes.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • 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 employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Pembrooke Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $81k228k

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

Neighborhood: Pembrooke Park

NeighborhoodNIR 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
Wesley Lakes Elementary School Primary Regular 530 34 4
Eagle's Landing Middle School Middle Regular 987 55 5
Eagle's Landing High School High Regular 1,226 75 5

Wesley Lakes Elementary School

  • Education Level: Primary
  • # of students: 530
  • # of teachers: 34
4
GreatSchools Rating

Eagle's Landing Middle School

  • Education Level: Middle
  • # of students: 987
  • # of teachers: 55
5
GreatSchools Rating

Eagle's Landing High School

  • Education Level: High
  • # of students: 1,226
  • # of teachers: 75
5
GreatSchools Rating
 

$201,353$246,098$223,725

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$825
Property Tax -$258
Property Insurance -$70
HOA -$29
Property Management Fees -$119
CASH FLOW
$148

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$223,725

PROJECTED PRICE

$1,450

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 6.49%
Maintenance Year (1-5) 3.00%
Vacancy 8.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,287

INVESTMENT

$61,287

Down Payment
$55,931
Rehab Estimate
$2,000
Closing Costs
$3,356

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$825

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,931
Loan Amount $167,794
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$19,840

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,687

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,6253$1,7554$1,7755$1,775
$1,775
RENT COMPS ANALYSIS
  • 317 Emporia Loop Mcdonough, 1
    • 4 beds 3 baths ∙ 2,242 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,242 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.65
    •  
  • 112 Emporia Loop Mcdonough, 2
    • 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2007
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.69
    •  
  • 285 Labrea Boulevard Mcdonough, 3
    • 4 beds 3 baths ∙ 2,225 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,225 Sqft ∙ Built 2002
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,755
    • $0.79
    •  
  • 3725 Upland Drive Mcdonough, 4
    • 4 beds 4 baths ∙ 2,311 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,311 Sqft ∙ Built 2017
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.77
    •  
  • 3713 Upland Drive Mcdonough, 5
    • 4 beds 4 baths ∙ 2,340 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,340 Sqft ∙ Built 2017
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.76
    •  
PROPERTY LISTING DETAILS
Judith Onyango
1.678.300.0591
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6769333
Last Updated: 08/20/2020
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.

BESbswy