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3282 Willow Meadow Lane Douglasville, GA 30135

3 Beds 3 Baths 2,636 sqft Built 2008

$300,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $113.81
  • 2 Days on Market
  • MLS # : 6825922
  • Updated Date : 01/09/2021 at 19:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,636 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Exceptional Home w/ Fenced Back Yard in an Established Swim/Tennis Community. Large Open Floor Plan w/ lots of Natural Light. Open Kitchen w/ Views to the Family Room. Chef's Kitchen w/ Tiled Backsplash, Maple Cabinets w/ Granite Counters, Breakfast Bar & Stainless Steel Appliances. Formal Living & Dining. Family Room w/ Fireplace and Views to the Private Backyard. Expansive Master Suite w/ Trey Ceiling, Sitting Room & Master Bath w/ Dual Vanities & Two Walk-In Closets. Two Secondary Bedrooms w/ Large Walk In Closets.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Neighborhood: Chestnut Hills

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $82k259k

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

Neighborhood: Chestnut Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8171685

* 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
Mount Carmel Elementary School Primary Regular 498 32 5
Chestnut Log Middle School Middle Regular 711 45 4
New Manchester High School High Regular 1,680 95 4

Mount Carmel Elementary School

  • Education Level: Primary
  • # of students: 498
  • # of teachers: 32
5
GreatSchools Rating

Chestnut Log Middle School

  • Education Level: Middle
  • # of students: 711
  • # of teachers: 45
4
GreatSchools Rating

New Manchester High School

  • Education Level: High
  • # of students: 1,680
  • # of teachers: 95
4
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,042
Property Tax -$274
Property Insurance -$78
Property Management Fees -$119
CASH FLOW
$327

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.

$300,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 7.8%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

8.83

YEARS SAVED

$37,356

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,845

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,665
1$1,6652$1,8253$1,840
$1,840
RENT COMPS ANALYSIS
  • 3282 Willow Meadow Lane Douglasville, GA 3
    • 3 beds 3 baths ∙ 2,636 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,636 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.70
    •  
  • 4070 Tarnwood Place Douglasville, GA 1
    • 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 2017
    property image
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $0.72
    •  
  • 3980 Tarnwood Place Douglasville, GA 2
    • 4 beds 3 baths ∙ 2,699 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,699 Sqft ∙ Built 2016
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.68
    •  
PROPERTY LISTING DETAILS
Joanne Lunt
1.404.798.8817
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6825922
Last Updated: 01/09/2021
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. © 2017 First Multiple Listing Service, Inc.

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