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3465 Narrow Creek Court Stockbridge, GA 30281

3 Beds 3 Baths 1,672 sqft Built 2018

$209,900

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $125.54
  • 5 Days on Market
  • MLS # : 6819656
  • Updated Date : 12/19/2020 at 17:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,672 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautiful three sided brick with a two car garage town-home in the heart of Stockbridge. Conveniently located next major highways I-75 and I-675 this 3 Bed 2.5 bath unit has granite counter, Stainless Steel Appliances including refrigerator, lush carpet, and water resistant sustainable luxury laminate flooring in the kitchen, dining room and bathrooms, Blinds in the master and key pad entry for garage. Security gate in rear door and glass storm door on the front as well as HVAC security cage for added protection.

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)
  • 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)
  • #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)

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
 

$188,910$230,890$209,900

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$774
Property Tax -$239
Property Insurance -$59
HOA -$180
Property Management Fees -$119
CASH FLOW
$178

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.

$209,900

PROJECTED PRICE

$1,550

PROJECTED RENT

0.74%

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) 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

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$61,374

INVESTMENT

$61,374

Down Payment
$52,475
Rehab Estimate
$5,750
Closing Costs
$3,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$774

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,475
Loan Amount $157,425
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$17,942

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
  • $0.93

    LIST RENT PER SQFT
  • $1,354

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,095
1$1,0952$1,5103$1,550
$1,550
RENT COMPS ANALYSIS
  • 3465 Narrow Creek Court Stockbridge, GA 3
    • 3 beds 3 baths ∙ 1,672 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,672 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.93
    •  
  • 3533 Mosswood Lane Rex, GA 1
    • 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1998
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.82
    •  
  • 909 Hollybrook Drive Stockbridge, GA 2
    • 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2005
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.80
    •  
PROPERTY LISTING DETAILS
Alide Habib
1.469.600.0397
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6819656
Last Updated: 12/19/2020
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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