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

3290 Sw Wickum Road Sw Atlanta, GA 30349

4 Beds 3 Baths 2,853 sqft Built 2003

$260,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $91.13
  • 2 Days on Market
  • MLS # : 6800656
  • Updated Date : 11/07/2020 at 07:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,853 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Lovely sought out home in South Fulton. This home features beautiful hardwood flooring throughout the main level, two story foyer opens up to living room and dining room, Large kitchen with granite countertops overlook breakfast area and family room with a cozy fireplace. Private office with french doors. Spacious secondary bedrooms with custom closets, huge master suite with sitting area, double vanity, double head shower, whirlpool tub. Private backyard with patio.

SEE MORE

MARKET HIGHLIGHTS

  • #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: 30349

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $82k235k

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

Zip Code: 30349

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8171714

* 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
Stonewall Tell Elementary School Primary Regular 1,120 63 7
Sandtown Middle School Middle Regular 1,168 80 3
Westlake High School High Regular 2,023 116 6

Stonewall Tell Elementary School

  • Education Level: Primary
  • # of students: 1,120
  • # of teachers: 63
7
GreatSchools Rating

Sandtown Middle School

  • Education Level: Middle
  • # of students: 1,168
  • # of teachers: 80
3
GreatSchools Rating

Westlake High School

  • Education Level: High
  • # of students: 2,023
  • # of teachers: 116
6
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$959
Property Tax -$290
Property Insurance -$82
HOA -$42
Property Management Fees -$119
CASH FLOW
$478

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.

$260,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.7%
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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

11.83

YEARS SAVED

$57,375

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,969

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$1,8003$1,9354$1,9705$2,050
$2,050
RENT COMPS ANALYSIS
  • 3290 Sw Wickum Road Sw Atlanta, GA 4
    • 4 beds 3 baths ∙ 2,853 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,853 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.69
    •  
  • 3555 Umatilla Lane Sw Atlanta, GA 1
    • 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 2007
    LEASED 06/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.69
    •  
  • 3443 Coval Circle Atlanta, GA 2
    • 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 2004
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.66
    •  
  • 3440 Coval Circle Atlanta, GA 3
    • 4 beds 3 baths ∙ 2,842 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,842 Sqft ∙ Built 2004
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,935
    • $0.68
    •  
  • 3442 Hamlin Square Sw Atlanta, GA 5
    • 4 beds 3 baths ∙ 2,821 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,821 Sqft ∙ Built 2005
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.73
    •  
PROPERTY LISTING DETAILS
Sylvia Ware
1.404.787.1898
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6800656
Last Updated: 11/07/2020
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.

BESbswy