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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $114.38
- 2 Days on Market
- MLS # : 6825987
- Updated Date : 01/09/2021 at 07:40
CONSTRUCTION
- Beds : 3
- Floor Size : 2,142 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
UPDATED BRICK FRONT HOME *BROOKWOOD SCHOOL CLUSTER *BRAND NEW HVAC *REFINISHED HARDWOOD FLOORS THROUGHOUT *UPGRADED LED LIGHTING THROUGHOUT *KITCHEN UPDATED WITH NEW GRANITE COUNTERS, NEW SINK AND NEW TILED BACKSPLASH, STAINLESS STEEL APPLIANCES AND WHITE CABINETRY *LARGE BREAKFAST ROOM *WALK-IN PANTRY WITH BUILT-IN STORAGE AND BARN DOOR *FIRESIDE FAMILY ROOM *FORMAL DINING ROOM *UPPER LEVEL OWNER'S SUITE *RENOVATED MASTER BATHROOM WITH NEW TILE FLOORING, NEW GRANITE TOP, DOUBLE SINK VANITY, TILED SHOWER WITH FRAMELESS SHOWER DOOR *2 SECONDARY BEDROOMS AND RENOVATED
SEE MORE
- #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)
- Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
- #1 Moving Destination in the Nation (Penske, 2018)
PRICE & RENT TRENDS
Zip Code: 30078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,480 |
EXPENSES | Loan Payment | -$851 |
Property Tax | -$312 | |
Property Insurance | -$69 | |
Property Management Fees | -$119 | |
CASH FLOW
$129
|
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.
$245,000
PROJECTED PRICE
$1,480
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 2.52% |
Appreciation Year (1-5) | 6.9% |
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
$70,675
LOAN DETAILS
$851
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $61,250 |
Loan Amount | $183,750 |
6.5
YEARS SAVED
$18,861
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,480
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$1,505
COMP ESTIMATED VALUE -
$0.7
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.770.905.6781
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6825987
Last Updated: 01/09/2021

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