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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $140.84
- 4 Days on Market
- MLS # : 6823064
- Updated Date : 01/01/2021 at 10:20
CONSTRUCTION
- Beds : 2
- Floor Size : 1,626 sqft
- Baths : 2 full
Listing Agent's Description
Country Club living w/out Country Club price!! Don’t miss this recently renovated cottage in sought after Chapel Hills Golf & Country Club. Located directly on 12th fairway & stones throw from pool and tennis courts. This charming home features large separate dining room with soaring windows, beautifully renovated kitchen with stainless appliances, open to spacious living area with amazing views of golf course!! Large master suite is complete with seperate flex space easily used a nursery, home office or sitting area.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Chapel Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chapel Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$845 |
| Property Tax | -$266 | |
| Property Insurance | -$59 | |
| HOA | -$44 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$228
|
||
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.
$229,000
PROJECTED PRICE
$1,560
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 7.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| 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
$66,435
LOAN DETAILS
$845
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,250 |
| Loan Amount | $171,750 |
9
YEARS SAVED
$32,881
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,301
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
3547 Fairgreen Court Douglasville, GA 5
- 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $1,560
- $0.96
-
4982 Ailene Drive Douglasville, GA 1
- 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1973
LEASED 06/06/20- Rent
- Rent Per SQFT
- $1,200
- $0.75
-
4900 Old Briar Trail Douglasville, GA 2
- 4 beds 2 baths ∙ 1,492 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,492 Sqft ∙ Built 1974
LEASED 03/07/20- Rent
- Rent Per SQFT
- $1,300
- $0.87
-
3839 Mark Lane Douglasville, GA 3
- 3 beds 3 baths ∙ 1,797 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,797 Sqft ∙ Built 1973
LEASED 12/05/19- Rent
- Rent Per SQFT
- $1,390
- $0.77
-
4881 Old Briar Trail Douglasville, GA 4
- 4 beds 3 baths ∙ 1,848 Sqft ∙ Built 1974 4 beds 3 baths ∙ 1,848 Sqft ∙ Built 1974
LEASED 12/17/19- Rent
- Rent Per SQFT
- $1,500
- $0.81
PROPERTY LISTING DETAILS
1.770.596.1458
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6823064
Last Updated: 01/01/2021
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.
