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3360 Mount Zion Road Stockbridge, GA 30281

2 Beds 3 Baths 1,850 sqft Built 2021

$217,500

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $117.57
  • 3 Days on Market
  • MLS # : No MLS Number
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,850 sqft
  • Baths : 2 full , 1 half
Listing Agent

Tobin

Listing Agent's Description

WOW!! CONTEMPORARY NEW CONSTRUCTION | 3BD-2.5BA | 1800 SQ.FT.+ | HIGHLY UPGRADED | BLINDS | CEILING FANS | CLOSING COSTS WITH PREFERRED LENDER | EASY ACCESS TO I-75 AND I-675 | 15 MINUTES TO AIRPORT | CLOSE TO MAJOR SHOPPING AND SCHOOLS | PRE-SALE NOW WITH DESIGN CUSTOMIZATION, YOU CHOOSE-- (CABINETS | GRANITE | CARPET | LVT FLOORING) AT NO EXTRA COSTS | (TRAILER) OPEN 7 DAYS A WEEK - 11:30 TO 5:00 PM | COME SEIZE THE OPPORTUNITY | HAVE YOUR LOT RESERVED TODAY AND BUILD EQUITY FASTER | PLEASE CALL FOR FURTHER DETAILS | AVAILABLE NOW FOR PRE-SALE HURRY SHALL NOT LAST | YOU SHALL BE GLAD YOU DID | COME BUILD YOUR DREAM HOME!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30281

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Zip Code: 30281

ZipNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171509

* 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
Mount Zion Elementary School Primary Regular 617 31 4
Rex Mill Middle School Middle Regular 1,066 62 5
Mount Zion High School High Regular 1,341 69 3

Mount Zion Elementary School

  • Education Level: Primary
  • # of students: 617
  • # of teachers: 31
4
GreatSchools Rating

Rex Mill Middle School

  • Education Level: Middle
  • # of students: 1,066
  • # of teachers: 62
5
GreatSchools Rating

Mount Zion High School

  • Education Level: High
  • # of students: 1,341
  • # of teachers: 69
3
GreatSchools Rating
 

$195,750$239,250$217,500

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$755
Property Tax -$248
Property Insurance -$63
HOA -$90
Property Management Fees -$119
CASH FLOW
$425

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$217,500

PROJECTED PRICE

$1,700

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 3.00%
Vacancy 8.60%
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$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$59,638

INVESTMENT

$59,638

Down Payment
$54,375
Rehab Estimate
$2,000
Closing Costs
$3,263

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$755

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,375
Loan Amount $163,125
See What Happens When You Reinvest Cash Flow

12.67

YEARS SAVED

$45,931

INTEREST SAVED

CASH FLOW REINVESTMENT

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

Solutions Manager

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
Mynd
Tobin
BESbswy