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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2001
- Price/Sqft : $91.62
- 2 Days on Market
- MLS # : 6805600
- Updated Date : 11/07/2020 at 03:40
CONSTRUCTION
- Beds : 3
- Floor Size : 2,183 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Come take a look this great available home in the sought after Fairburn area. Roof Replaced in 2019! In walking distance of schools. Within minutes of I-85 expressway. Enjoy the feel of a small town that's close to the big city. Only 1 owner since it was built in 2001! Great quiet neighbors that keep up the look of the community even without an HOA to pay! This property won't last long, so make your highest and best offer on your first offer. Seller prefers to use Lueder Larkin & Hunter LLC - Camp Creek. Schedule in Showtime 2hr notice. More pics to come
SEE MORE
- #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: 30213
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30213
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,550 |
| EXPENSES | Loan Payment | -$738 |
| Property Tax | -$223 | |
| Property Insurance | -$69 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$401
|
||
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.
$200,000
PROJECTED PRICE
$1,550
PROJECTED RENT
0.78%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 7.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.60% |
| 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
$58,750
LOAN DETAILS
$738
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $50,000 |
| Loan Amount | $150,000 |
12.67
YEARS SAVED
$47,395
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,550
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$1,790
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
335 Pecan Wood Circle Fairburn, GA 1
- 3 beds 3 baths ∙ 2,183 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,183 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,550
- $0.71
-
525 Saint Helen Way Fairburn, GA 2
- 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 2017
LEASED 09/19/19- Rent
- Rent Per SQFT
- $1,750
- $0.76
-
53 Somerset Hills Fairburn, GA 3
- 4 beds 3 baths ∙ 2,120 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,120 Sqft ∙ Built 2019
LEASED 07/22/19- Rent
- Rent Per SQFT
- $1,800
- $0.85
-
7979 Larksview Drive Fairburn, GA 4
- 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2005
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.77
-
270 Teak Lane Fairburn, GA 5
- 4 beds 3 baths ∙ 2,063 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,063 Sqft ∙ Built 2002
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,849
- $0.90
PROPERTY LISTING DETAILS
1.404.783.1588
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6805600
Last Updated: 11/07/2020
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.
