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3250 Henderson Mill Road #A Atlanta, GA 30341

4 Beds 3 Baths 1,937 sqft Built 1965

$270,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $139.39
  • 4 Days on Market
  • MLS # : 6815225
  • Updated Date : 12/04/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,937 sqft
  • Baths : 3 full
Listing Agent's Description

4 Bed-3 Bath 3 story, full finished basement. Updated kitchen, Breakfast nook & Breakfast Bar, Updated bathrooms 2/3, Built-in Entertainment Center, Custom window frames, AC/Hot water heater 2016, New windows & slider 2016, Condo Private Pool, Close to golf (Heritage Golf Links), Close to soccer fields (Silverback Park and Henderson Park), Close to Churches, Easy access I-285 & 85, 3 Dedicated Parking spots

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Pleasantdale

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $82k343k

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

Neighborhood: Pleasantdale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8171793

* 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
Pleasantdale Elementary School Primary Regular 743 48 5
Henderson Middle School Middle Regular 1,578 95 6
Lakeside High School High Regular 2,048 111 7

Pleasantdale Elementary School

  • Education Level: Primary
  • # of students: 743
  • # of teachers: 48
5
GreatSchools Rating

Henderson Middle School

  • Education Level: Middle
  • # of students: 1,578
  • # of teachers: 95
6
GreatSchools Rating

Lakeside High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 111
7
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$996
Property Tax -$349
Property Insurance -$65
HOA -$275
Property Management Fees -$119
CASH FLOW
-$84

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.

$270,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 4.2%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
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

PROJECTED ANNUAL CASH FLOW

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

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$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,103

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,981

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,720
1$1,7202$1,8003$2,0004$2,1005$2,300
$2,300
RENT COMPS ANALYSIS
  • 3250 Henderson Mill Road Atlanta, GA 1
    • 4 beds 3 baths ∙ 1,937 Sqft ∙ Built 1965 4 beds 3 baths ∙ 1,937 Sqft ∙ Built 1965
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.89
    •  
  • 3359 Northbrook Drive Doraville, GA 2
    • 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1964
    property image
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.87
    •  
  • 2789 Townley Circle Atlanta, GA 3
    • 4 beds 3 baths ∙ 2,052 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,052 Sqft ∙ Built 1968
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.97
    •  
  • 3109 Henderson Walk Doraville, GA 4
    • 3 beds 3 baths ∙ 1,898 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,898 Sqft ∙ Built 1982
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.11
    •  
  • 3367 Thornewood Drive Doraville, GA 5
    • 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 1959 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 1959
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.14
    •  
PROPERTY LISTING DETAILS
Susan Ayers
1.000.000.0000
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6815225
Last Updated: 12/04/2020
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.

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