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

3270 Isoline Way Se Smyrna, GA 30080

3 Beds 2 Baths 1,885 sqft Built 1965

$370,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $196.29
  • 6 Days on Market
  • MLS # : 6851001
  • Updated Date : 03/12/2021 at 14:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,885 sqft
  • Baths : 2 full
Listing Agent's Description

Fantastic brick ranch in sought after Argyle Estates. Light filled home has a very open feel. The heart of this home is the fabulous, spacious and vaulted kitchen with island, granite counters, tons of cabinets/storage, and is open to family room with fireplace and dining area. Separate living room/office. Hardwood floors throughout. French doors from living area and master bedroom open to large party deck overlooking fenced backyard. Vaulted master has walk in closet. So many extra touches - beams in family/dining area, beadboard trim, updated light fixtures.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Argyle Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Argyle Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Teasley Primary School Primary Unknown 761 51 8
Campbell Middle School Middle Regular 1,416 77 6
Campbell High School High Regular 2,509 135 5

Teasley Primary School

  • Education Level: Primary
  • # of students: 761
  • # of teachers: 51
8
GreatSchools Rating

Campbell Middle School

  • Education Level: Middle
  • # of students: 1,416
  • # of teachers: 77
6
GreatSchools Rating

Campbell High School

  • Education Level: High
  • # of students: 2,509
  • # of teachers: 135
5
GreatSchools Rating
 

$333,000$407,000$370,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,285
Property Tax -$375
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
$58

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.

$370,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$22,605

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,055

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8003$1,9004$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 3270 Isoline Way Se Smyrna, GA 3
    • 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.01
    •  
  • 3176 Ann Road Se Smyrna, GA 1
    • 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1969
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.06
    •  
  • 1760 Shawnee Place Smyrna, GA 2
    • 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1960
    LEASED 01/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.09
    •  
  • 3490 Commanche Court Se Smyrna, GA 4
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1967
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.08
    •  
  • 1726 Mohawk Place Se Smyrna, GA 5
    • 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1963
    LEASED 03/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.13
    •  
PROPERTY LISTING DETAILS
Arthur R Worley
1.678.596.8911
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6851001
Last Updated: 03/12/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

BESbswy