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3264 Wellington Walk Sw Atlanta, GA 30331

4 Beds 3 Baths 1,736 sqft Built 2005

INVESTimate

$225,000

List Price

$1,650

$1,485 - $1,815

Rent Est.

$243,270  ( +8.12%)   1 YR EST. FORECAST

PROPERTY INFO

90% chance this property will be sold within the next 10 days HOT INVESTMENT
FACTS
  • Built In 2005
  • Price/Sqft : $129.61
  • 23 Days on Market
  • MLS # : 6732069
  • Updated Date : 08/19/2020 at 09:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,736 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Back on the market! The perfect location, this fabulous 4 bedroom and 2.5 bath features an Open Floorplan with Natural Light, a Cozy Family and Dining Room Combo, a Large Master bedroom with ensuite bathroom with double vanities and a fenced backyard with just enough room for relaxing and entertaining. This home is nestled between the airport, stores, parks, public transportation and entertainment - a perfect blend of convenience. The live, work, play community features a clubhouse, pool, tennis courts and more.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Princeton Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230kPrice in $103k239k

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

Neighborhood: Princeton Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9731805

* 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
Deerwood Elementary School Primary Regular 660 44 3
Ralph Johnson Bunche Middle School Middle Regular 771 51 2
Daniel M. Therrell High School High Regular 3

Deerwood Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 44
3
GreatSchools Rating

Ralph Johnson Bunche Middle School

  • Education Level: Middle
  • # of students: 771
  • # of teachers: 51
2
GreatSchools Rating

Daniel M. Therrell High School

  • Education Level: High
  • # of students:
  • # of teachers:
3
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$830
Property Tax -$261
Property Insurance -$61
HOA -$50
Property Management Fees -$119
CASH FLOW
$329

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.

$225,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 8.12%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

11.33

YEARS SAVED

$45,082

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,593

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6003$1,6254$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 3264 Wellington Walk Sw Atlanta, 5
    • 4 beds 3 baths ∙ 1,736 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,736 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
  • 3282 Welmingham Drive Sw Atlanta, 1
    • 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 2005
    LEASED 07/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.97
    •  
  • 3297 Saville Street Sw Atlanta, 2
    • 4 beds 3 baths ∙ 1,840 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,840 Sqft ∙ Built 2005
    LEASED 06/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.87
    •  
  • 3273 Wellington Walk Sw Atlanta, 3
    • 4 beds 3 baths ∙ 1,840 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,840 Sqft ∙ Built 2006
    LEASED 08/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.88
    •  
  • 3289 Saville Street Sw Atlanta, 4
    • 4 beds 3 baths ∙ 1,742 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,742 Sqft ∙ Built 2005
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
PROPERTY LISTING DETAILS
Lisa Osborne
1.770.895.4193
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6732069
Last Updated: 08/19/2020
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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