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3433 Deshong Drive Stone Mountain, GA 30087

3 Beds 2 Baths 1,658 sqft Built 1985

INVESTimate

$192,800

List Price

$1,270

$1,143 - $1,397

Rent Est.

$204,503  ( +6.07%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1985
  • Price/Sqft : $116.28
  • 10 Days on Market
  • MLS # : 6754690
  • Updated Date : 08/25/2020 at 15:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,658 sqft
  • Baths : 2 full
Listing Agent's Description

LOCATION, LOCATION, LOCATION! SHILOH SCHOOL DISTRICT. RANCH 3 BEDROOM / 2 BATH HOME WITH YOUR OWN STOCKED FISHING POND THAT BORDERS YELLOW RIVER PARK. VERY PRIVATE BACK YARD. FENCED IN BACK YARD, LARGE DECK AND SCREEN PORCH. NICE SIZE FAMILY ROOM WITH FIREPLACE AND KITCHEN WITH BREAKFAST AREA. NEW FLOORS, FRESH PAINT. TOTAL 1.16 ACRES INCLUDING PART OF THE POND. DON'T LET THIS HOME PASS YOU BY. MUST SEE!

SEE MORE

MARKET HIGHLIGHTS

  • #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: 30087

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $89k209k

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

Zip Code: 30087

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9081650

* 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
Annistown Elementary School Primary Regular 601 44 7
Shiloh Middle School Middle Regular 1,844 112 6
Shiloh High School High Regular 2,238 126 4

Annistown Elementary School

  • Education Level: Primary
  • # of students: 601
  • # of teachers: 44
7
GreatSchools Rating

Shiloh Middle School

  • Education Level: Middle
  • # of students: 1,844
  • # of teachers: 112
6
GreatSchools Rating

Shiloh High School

  • Education Level: High
  • # of students: 2,238
  • # of teachers: 126
4
GreatSchools Rating
 

$173,520$212,080$192,800

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$711
Property Tax -$279
Property Insurance -$59
Property Management Fees -$119
CASH FLOW
$102

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.

$192,800

PROJECTED PRICE

$1,270

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 6.07%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,842

INVESTMENT

$56,842

Down Payment
$48,200
Rehab Estimate
$5,750
Closing Costs
$2,892

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$711

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,200
Loan Amount $144,600
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$17,069

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,302

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,270
1$1,2702$1,2753$1,3954$1,4355$1,574
$1,574
RENT COMPS ANALYSIS
  • 3433 Deshong Drive Stone Mountain, 1
    • 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.77
    •  
  • 4972 Wycliffe Drive Stone Mountain, 2
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1980
    LEASED 02/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.80
    •  
  • 3660 Scotland Lane Snellville, 3
    • 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 2001
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.80
    •  
  • 801 Edenberry Lane Lithonia, 4
    • 4 beds 3 baths ∙ 1,924 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,924 Sqft ∙ Built 1999
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,435
    • $0.75
    •  
  • 590 Watson Bay Stone Mountain, 5
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1997
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,574
    • $0.79
    •  
PROPERTY LISTING DETAILS
Chalise Sarazen
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6754690
Last Updated: 08/25/2020
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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