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3330 Tackett Road Douglasville, GA 30135

4 Beds 3 Baths 2,759 sqft Built 2006

$249,900

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $90.58
  • 5 Days on Market
  • MLS # : 6812998
  • Updated Date : 11/26/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,759 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Charming Four Bedrooms, Two And A Half Bath In Chaparral Ridge - Anneewakee (HOA Community). Home Offers Open Floor Plan. Nice Kitchen With Plenty Of Cabinets With Breakfast Area. Separate Dining And Living Room. Spacious Family Room With Fireplace. Huge Main Bedroom With Sitting Area. Features Large Walk-In Closing. Double Vanity With Separate Tub Shower. Secondary Bedrooms Are Nice-Sized. Nice Private Backyard With Patio. Home Recently Pressure Washed. Must See Home To Appreciate. Thanks For Showing

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Chaparral Ridge at Anneewakee

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200kPrice in $100k209k

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

Neighborhood: Chaparral Ridge at Anneewakee

NeighborhoodNIR Market*CityMarket2010Year20002019 Q295010001050110011501200125013001350140014501500Rent in $9311509

* 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
New Manchester Elementary School Primary Regular 876 48 4
Factory Shoals Middle School Middle Regular 854 47 5
New Manchester High School High Regular 1,680 95 4

New Manchester Elementary School

  • Education Level: Primary
  • # of students: 876
  • # of teachers: 48
4
GreatSchools Rating

Factory Shoals Middle School

  • Education Level: Middle
  • # of students: 854
  • # of teachers: 47
5
GreatSchools Rating

New Manchester High School

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

$224,910$274,890$249,900

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$922
Property Tax -$228
Property Insurance -$80
HOA -$30
Property Management Fees -$119
CASH FLOW
$130

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.

$249,900

PROJECTED PRICE

$1,510

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$23,952

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.55

    LIST RENT PER SQFT
  • $1,538

    COMP ESTIMATED VALUE
  • $0.56

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5103$1,5504$1,6255$1,650
$1,650
RENT COMPS ANALYSIS
  • 3330 Tackett Road Douglasville, GA 2
    • 4 beds 3 baths ∙ 2,759 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,759 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.55
    •  
  • 4166 Arnolds Mill Overpass Douglasville, GA 1
    • 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2006
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.53
    •  
  • 4315 Reserve Hill Crossing Douglasville, GA 3
    • 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2002
    property image
    LEASED 07/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.59
    •  
  • 3155 Hunting Creek Pass Douglasville, GA 4
    • 5 beds 4 baths ∙ 2,804 Sqft ∙ Built 2005 5 beds 4 baths ∙ 2,804 Sqft ∙ Built 2005
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.58
    •  
  • 4365 Spur Look Crossing Douglasville, GA 5
    • 5 beds 3 baths ∙ 3,101 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,101 Sqft ∙ Built 2004
    property image
    LEASED 07/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.53
    •  
PROPERTY LISTING DETAILS
Sonya Rosser
1.770.652.8594
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6812998
Last Updated: 11/26/2020
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.

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