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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $131.83
- 3 Days on Market
- MLS # : No MLS Number
CONSTRUCTION
- Beds : 3
- Floor Size : 1,596 sqft
- Baths : 2 full , 1 half
Listing Agent
Tobin
Listing Agent's Description
NOTTINGHAM FLOOR PLAN - Charming townhouse in up and coming townhome community. This 3 bedroom and two and a half bathroom townhome is perfect for almost any buyer! This home features a large master suite and two spacious guest bedrooms on the top floor accompanied by the laundry room for quick and easy access. The main level features garage level entry into the carefully crafted and open concept floor plan. This home features exquisitely crafted 36" hardwood cabinets and Cown molding on the main level. This lovely home at this price will not last long.
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- #1 Most affordable big city (WalletHub, 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'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)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- #1 Moving Destination in the Nation (Penske, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
- 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: 30507
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30507
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
Sorry, we do not have sufficient school data for this neighborhood.
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$731 |
| Property Tax | -$173 | |
| Property Insurance | -$56 | |
| HOA | -$130 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$441
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.
$210,400
PROJECTED PRICE
$1,650
PROJECTED RENT
0.78%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.79% |
| Appreciation Year (1-5) | 6.7% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 8.00% |
| 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
$57,756
LOAN DETAILS
$731
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $52,600 |
| Loan Amount | $157,800 |
14.17
YEARS SAVED
$50,002
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
YOUR SOLUTIONS MANAGER
Please Contact Your Solutions Manager
To review the detailed price and rent comps for this property and answer any questions you may have.
PROPERTY LISTING DETAILS
Tobin
