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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $140.67
- 3 Days on Market
- MLS # : 6817880
- Updated Date : 12/11/2020 at 19:54
CONSTRUCTION
- Beds : 4
- Floor Size : 2,808 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Wonderful family home in sought after Harmony on the Lakes! Two story entry way welcomes you with hardwood floors flanked by a formal living and dining room with board & batten wall trim. Main level also provides a great office with custom built cabinets, half bath and spacious family room with gas fireplace and built ins. The gourmet granite kitchen is a Chef's delight including full size SS double ovens, large island, tiled backsplash walk-in corner pantry, and desk!
SEE MORE
- 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)
- Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (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)
- #1 Most affordable big city (WalletHub, 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)
PRICE & RENT TRENDS
Neighborhood: Harmony on The Lakes Southside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Harmony on The Lakes Southside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,330 |
| EXPENSES | Loan Payment | -$1,457 |
| Property Tax | -$382 | |
| Property Insurance | -$101 | |
| HOA | -$61 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$210
|
||
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.
$395,000
PROJECTED PRICE
$2,330
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 5.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$110,425
LOAN DETAILS
$1,457
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $98,750 |
| Loan Amount | $296,250 |
7.5
YEARS SAVED
$43,272
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,330
LIST RENT -
$0.61
LIST RENT PER SQFT
-
$2,663
COMP ESTIMATED VALUE -
$0.7
COMP AVG. RENT PER SQFT
Comps Range
-
330 Harmony Lake Drive Canton, GA 1
- 4 beds 3 baths ∙ 3,804 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,804 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $2,330
- $0.61
-
312 Oak Meadow Drive Woodstock, GA 2
- 5 beds 4 baths ∙ 3,550 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,550 Sqft ∙ Built 1998
LEASED 04/26/20- Rent
- Rent Per SQFT
- $2,500
- $0.70
PROPERTY LISTING DETAILS
1.678.373.9342
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6817880
Last Updated: 12/11/2020
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.
