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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $141.24
- 3 Days on Market
- MLS # : 6845749
- Updated Date : 02/27/2021 at 17:43
CONSTRUCTION
- Beds : 3
- Floor Size : 2,478 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Hurry to this Dramatic, Open Floor plan in sought after Ennisbrook, an active Gated, Swim/ Tennis Community! Soaring ceilings throughout the house with lots of light, lets this house live large! Gorgeous ceramic plank tile that looks like hardwoods throughout main floor living areas. Custom Island Kitchen open to Great Room to create a wonderful entertaining and living flow! Large Great Room is Vaulted with a gas log fireplace and built-ins for TV etc. Separate Vaulted Dining Room in addition to eat-in kitchen! Master on main with 2 walk-in closets and a large spa bath
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Woodlands at Ennisbrook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Woodlands at Ennisbrook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,220 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$358 | |
| Property Insurance | -$75 | |
| HOA | -$54 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$398
|
||
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.
$350,000
PROJECTED PRICE
$2,220
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 6.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,500
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
10.5
YEARS SAVED
$54,873
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,220
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,311
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
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- Rent Per SQFT
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2756 Stonecreek Road Se Smyrna, GA 1
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LEASED 01/29/21- Rent
- Rent Per SQFT
- $2,100
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2555 Haddenham Lane Sw Smyrna, GA 3
- 4 beds 3 baths ∙ 2,434 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,434 Sqft ∙ Built 2000
LEASED 07/15/20- Rent
- Rent Per SQFT
- $2,300
- $0.94
-
183 Ennisbrook Drive Se Smyrna, GA 4
- 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 2002
LEASED 11/02/20- Rent
- Rent Per SQFT
- $2,350
- $0.93
-
1507 Grace Meadows Lane Se Smyrna, GA 5
- 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 1996
LEASED 08/17/20- Rent
- Rent Per SQFT
- $2,400
- $0.91
PROPERTY LISTING DETAILS
1.404.281.2193
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6845749
Last Updated: 02/27/2021
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.
