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3229 Panthers Trace 
Decatur, GA
30034
2 Beds 3 Baths 1,350 sqft
Built 2002
INVESTimate
$119,900
List Price
$37,524
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PROPERTY INFO
FACTS
- Built In 2002
- Price/Sqft : $88.81
- 3 Days on Market
- MLS # : 6771521
- Updated Date : 08/25/2020 at 17:15
CONSTRUCTION
- Beds : 2
- Floor Size : 1,350 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
VACANT!! Come see this two story townhome in Westbury! This home offers fresh interior two-tone paint and new carpet. Formal living room upon entry and a family room with a fireplace at the back of the home. The kitchen features ample cabinet and counter space and new stainless steel appliances. Half bath on the main floor for guests' convenience. Two bedrooms, both with ensuite bathrooms, located on the second floor. The backyard has a patio area for outdoor dining. Close to shopping, dining, Panola Mountain State Park and easy freeway access. Come see!
SEE MORE
- #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
Zip Code: 30034
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30034
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,170 |
| EXPENSES | Loan Payment | -$442 |
| Property Tax | -$173 | |
| Property Insurance | -$53 | |
| HOA | -$150 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$232
|
||
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.
$119,900
PROJECTED PRICE
$1,170
PROJECTED RENT
0.98%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 9.51% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$37,524
LOAN DETAILS
$442
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $29,975 |
| Loan Amount | $89,925 |
10.58
YEARS SAVED
$22,060
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,170
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,215
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
3229 Panthers Trace Decatur, 3
- 2 beds 3 baths ∙ 1,350 Sqft ∙ Built 2002 2 beds 3 baths ∙ 1,350 Sqft ∙ Built 2002
![property image]()
- Rent
- Rent Per SQFT
- $1,170
- $0.87
-
2910 Vining Ridge Terrace Decatur, 1
- 2 beds 3 baths ∙ 1,560 Sqft ∙ Built 2005 2 beds 3 baths ∙ 1,560 Sqft ∙ Built 2005
![property image]()
LEASED 07/25/19- Rent
- Rent Per SQFT
- $1,095
- $0.70
-
3784 Soapstone Road Decatur, 2
- 2 beds 3 baths ∙ 1,015 Sqft ∙ Built 1999 2 beds 3 baths ∙ 1,015 Sqft ∙ Built 1999
![property image]()
LEASED 10/28/19- Rent
- Rent Per SQFT
- $1,115
- $1.10
PROPERTY LISTING DETAILS
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6771521
Last Updated: 08/25/2020
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.
