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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $105.03
- 2 Days on Market
- MLS # : 6818401
- Updated Date : 12/12/2020 at 16:10
CONSTRUCTION
- Beds : 3
- Floor Size : 1,808 sqft
- Baths : 2 full
Listing Agent's Description
THIS BEAUTIFUL SLIPT FOYER IS PRICED TO SELL!! FILLED WITH UPGRADES INCLUDING GRANITE COUNTERTOPS, NEW APPLIANCES, LIGHTING PACKAGE, INTERIOR PAINT, CARPET AND TILED BATHROOMS! FINISHED ROOM IN BASEMENT WOULD MAKE A GREAT MAN CAVE, OFFICE OR THEATER ROOM! LARGE, LEVEL LOT WITH FENCED IN BACK YARD! GORGEOUS 2 LEVEL BACK DECK PERFECT FOR ENTERTAINING! CONVENIENTLY LOCATED WITHIN 5-7 MINUTES FROM SHOPPING, RESTAURANTS, SCHOOLS AND I-20! ONLY 30 MINS TO DOWNTOWN ATL! SCHEDULE YOUR APPOINTMENT TODAY!!
SEE MORE
- 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)
- Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
- As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
- #1 Most affordable big city (WalletHub, 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)
PRICE & RENT TRENDS
Neighborhood: Sherwood Forrest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sherwood Forrest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,400 |
| EXPENSES | Loan Payment | -$701 |
| Property Tax | -$173 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$345
|
||
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.
$189,900
PROJECTED PRICE
$1,400
PROJECTED RENT
0.74%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 9.0% |
| 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
$56,074
LOAN DETAILS
$701
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $47,475 |
| Loan Amount | $142,425 |
12.08
YEARS SAVED
$42,522
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,400
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,442
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
3209 Robin Hood Lane Winston, GA 2
- 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1981
- Rent
- Rent Per SQFT
- $1,400
- $0.77
-
6335 Garnet Drive Douglasville, GA 1
- 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1971
LEASED 09/12/19- Rent
- Rent Per SQFT
- $1,229
- $0.75
-
6662 Birchwood Court Winston, GA 3
- 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 1973
LEASED 10/12/20- Rent
- Rent Per SQFT
- $1,450
- $0.81
-
6283 John West Road Douglasville, GA 4
- 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 1971
LEASED 05/07/20- Rent
- Rent Per SQFT
- $1,540
- $0.83
-
3339 Millwright Street Douglasville, GA 5
- 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 1971
LEASED 08/12/20- Rent
- Rent Per SQFT
- $1,550
- $0.80
PROPERTY LISTING DETAILS
1.404.579.3045
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6818401
Last Updated: 12/12/2020
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.
