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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $159.71
- 4 Days on Market
- MLS # : 6810692
- Updated Date : 11/20/2020 at 08:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,661 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Welcome home to 3626 Woodlark Drive in Hedgegrow SubdivisionBeautiful home with "farmhouse feel" on quiet cul-de-sac in East Cobb! 5BR, 2.5BA in the Lassiter HS district and sought after Hedgerow neighborhood. Neutral, soothing fresh paint (2020) and hardwood floors throughout, updated kitchen with BRAND NEW Stainless Steel appliances (2020) & gleaming granite countertops. Bright, bay window breakfast area is the perfect place for morning coffee with views onto the private patio and backyard with irrigation system (2014). Family room boasts a large gas fireplace with
SEE MORE
- 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)
- #1 Moving Destination in the Nation (Penske, 2018)
- Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (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)
- #1 Most affordable big city (WalletHub, 2018)
PRICE & RENT TRENDS
Neighborhood: Hedgerow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hedgerow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,290 |
| EXPENSES | Loan Payment | -$1,568 |
| Property Tax | -$376 | |
| Property Insurance | -$79 | |
| HOA | -$66 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$82
|
||
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.
$425,000
PROJECTED PRICE
$2,290
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 5.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| 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
$118,375
LOAN DETAILS
$1,568
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
5.75
YEARS SAVED
$32,834
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,290
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$2,242
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
3626 Woodlark Drive Roswell, GA 4
- 5 beds 3 baths ∙ 2,661 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,661 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $2,290
- $0.86
-
3851 Bluffview Drive Marietta, GA 1
- 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1988
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,800
- $0.73
-
4151 Edinburgh Trail Ne Roswell, GA 2
- 4 beds 4 baths ∙ 2,507 Sqft ∙ Built 1989 4 beds 4 baths ∙ 2,507 Sqft ∙ Built 1989
LEASED 07/09/20- Rent
- Rent Per SQFT
- $2,100
- $0.84
-
4614 Blakedale Circle Ne Roswell, GA 3
- 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1988
LEASED 11/20/19- Rent
- Rent Per SQFT
- $2,200
- $0.86
-
3548 Montwood Court Marietta, GA 5
- 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 2000
LEASED 08/11/20- Rent
- Rent Per SQFT
- $2,475
- $0.94
PROPERTY LISTING DETAILS
1.404.495.8392
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6810692
Last Updated: 11/20/2020
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.
