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3600 Parkside Court Peachtree Corners, GA 30092

4 Beds 3 Baths 2,401 sqft Built 1979

$299,747

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $124.84
  • 6 Days on Market
  • MLS # : 6822417
  • Updated Date : 12/30/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,401 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Incredible ASSET sale with nearly $40k+ in Improvements, in RARE cul-de-sac and all with NO RENTAL RESTRICTIONS! Flair, Flexibility & Totally Turn Key! SO HARD TO FIND home that "kisses" Dunwoody under $300k, seems too good to be true, but it ISN'T! Enjoy: Easy to clean laminate floors and adorable details abound! Renovated kitchen with designer back splash and GRANITE countertops! Formal living room PLUS bonus FIRESIDE FAMILY room, perfect for home office, play room, additional living room & more! Updates GALORE: new fixtures, new can lighting, new sliding door in

SEE MORE

MARKET HIGHLIGHTS

  • 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: Peachtree Corners

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k358k

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

Neighborhood: Peachtree Corners

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000Rent in $9733087

* 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
Peachtree Elementary School Primary Regular 1,829 108 7
Pinckneyville Middle School Middle Regular 1,306 81 6
Norcross High School High Regular 3,738 204 5

Peachtree Elementary School

  • Education Level: Primary
  • # of students: 1,829
  • # of teachers: 108
7
GreatSchools Rating

Pinckneyville Middle School

  • Education Level: Middle
  • # of students: 1,306
  • # of teachers: 81
6
GreatSchools Rating

Norcross High School

  • Education Level: High
  • # of students: 3,738
  • # of teachers: 204
5
GreatSchools Rating
 

$269,772$329,722$299,747

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,106
Property Tax -$303
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
$269

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.

$299,747

PROJECTED PRICE

$1,870

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,183

INVESTMENT

$85,183

Down Payment
$74,937
Rehab Estimate
$5,750
Closing Costs
$4,496

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,106

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,937
Loan Amount $224,810
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$46,459

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,987

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,870
1$1,8702$1,9503$1,9754$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 3600 Parkside Court Peachtree Corners, GA 1
    • 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.78
    •  
  • 4200 Ancroft Circle Peachtree Corners, GA 2
    • 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 1993
    property image
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.77
    •  
  • 3700 Geraldine Court Atlanta, GA 3
    • 4 beds 3 baths ∙ 2,062 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,062 Sqft ∙ Built 1967
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.96
    •  
  • 4083 Glen Meadow Drive Peachtree Corners, GA 4
    • 3 beds 2 baths ∙ 2,514 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,514 Sqft ∙ Built 1979
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.80
    •  
  • 6725 Ridge Moore Drive Peachtree Corners, GA 5
    • 3 beds 2 baths ∙ 2,580 Sqft ∙ Built 1968 3 beds 2 baths ∙ 2,580 Sqft ∙ Built 1968
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.78
    •  
PROPERTY LISTING DETAILS
Winter Baserva
1.678.463.3173
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6822417
Last Updated: 12/30/2020
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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