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3397 Sable Run Road Atlanta, GA 30349

3 Beds 3 Baths 2,096 sqft Built 2003

$165,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

90% chance this property will be sold within the next 10 days HOT INVESTMENT
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $78.72
  • 10 Days on Market
  • MLS # : 6806460
  • Updated Date : 11/10/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,096 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

THIS IS A 1.5 STORY HOUSE WITH 3 SPACIOUS BEDROOMS, 2 FULL BATHS AND 1 HALF BATH. SOLD AS IS AND NO DISCLOSURE. NEED SOME TLC. GREAT NEIGHBORHOOD.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Zip Code: 30349

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $82k235k

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

Zip Code: 30349

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8171714

* 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
Feldwood Elementary School Primary Regular 864 55 3
Ronald E. Mcnair Middle School Middle Regular 823 61 3
Benjamin Banneker High School High Regular 1,411 104 2

Feldwood Elementary School

  • Education Level: Primary
  • # of students: 864
  • # of teachers: 55
3
GreatSchools Rating

Ronald E. Mcnair Middle School

  • Education Level: Middle
  • # of students: 823
  • # of teachers: 61
3
GreatSchools Rating

Benjamin Banneker High School

  • Education Level: High
  • # of students: 1,411
  • # of teachers: 104
2
GreatSchools Rating
 

$148,500$181,500$165,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$609
Property Tax -$184
Property Insurance -$68
HOA -$40
Property Management Fees -$119
CASH FLOW
$481

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.

$165,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.91%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$49,475

INVESTMENT

$49,475

Down Payment
$41,250
Rehab Estimate
$5,750
Closing Costs
$2,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$609

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $41,250
Loan Amount $123,750
See What Happens When You Reinvest Cash Flow

15.33

YEARS SAVED

$49,061

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,488

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3003$1,4004$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
  • 3397 Sable Run Road Atlanta, GA 4
    • 3 beds 3 baths ∙ 2,096 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,096 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.72
    •  
  • 3032 Sable Run Road Atlanta, GA 1
    • 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 2001
    property image
    LEASED 07/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.72
    •  
  • 3428 Sable Chase Lane Atlanta, GA 2
    • 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 2002
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.73
    •  
  • 2927 Two Lake Circle College Park, GA 3
    • 4 beds 3 baths ∙ 1,912 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,912 Sqft ∙ Built 2004
    property image
    LEASED 05/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.73
    •  
  • 560 Sable View Lane Atlanta, GA 5
    • 4 beds 3 baths ∙ 2,339 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,339 Sqft ∙ Built 2003
    property image
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.66
    •  
PROPERTY LISTING DETAILS
Nikki Crowder
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6806460
Last Updated: 11/10/2020
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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