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3644 Autumn Ridge Parkway Marietta, GA 30066

4 Beds 3 Baths 2,680 sqft Built 1988

$375,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $139.93
  • 3 Days on Market
  • MLS # : 6828956
  • Updated Date : 01/16/2021 at 15:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,680 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Host friends & family in the beautifully renovated home. Featuring Large living room and separate dining room. You’ll love cooking in the expansive sun filled kitchen with breakfast bar, eat-in dining area, & enjoying meals with breathtaking views through an over sized picture window which overlooks the neighborhood lake with your very own brand new dock wildlife & nature in your own private oasis. Kitchen features include granite counter top. New gas range and double ovens,

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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Blackwell Chase

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Blackwell Chase

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Addison Elementary School Primary Charter 597 41 10
Daniell Middle School Middle Regular 952 52 7
Sprayberry High School High Regular 1,761 104 7

Addison Elementary School

  • Education Level: Primary
  • # of students: 597
  • # of teachers: 41
10
GreatSchools Rating

Daniell Middle School

  • Education Level: Middle
  • # of students: 952
  • # of teachers: 52
7
GreatSchools Rating

Sprayberry High School

  • Education Level: High
  • # of students: 1,761
  • # of teachers: 104
7
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,303
Property Tax -$594
Property Insurance -$79
Property Management Fees -$119
CASH FLOW
-$84

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.

$375,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.7%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$9,820

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,057

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8003$1,8504$2,0005$2,010
$2,010
RENT COMPS ANALYSIS
  • 3644 Autumn Ridge Parkway Marietta, GA 5
    • 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.75
    •  
  • 1314 Shadowood Trail Marietta, GA 1
    • 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 1986
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.71
    •  
  • 4221 Keheley Lake Drive Ne Marietta, GA 2
    • 3 beds 3 baths ∙ 2,374 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,374 Sqft ∙ Built 1988
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.76
    •  
  • 3562 Courtfield Trace Ne Marietta, GA 3
    • 3 beds 3 baths ∙ 2,352 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,352 Sqft ∙ Built 1997
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.79
    •  
  • 3626 Candlewood Way Ne Marietta, GA 4
    • 3 beds 3 baths ∙ 2,466 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,466 Sqft ∙ Built 1985
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.81
    •  
PROPERTY LISTING DETAILS
Jennifer Troupe
1.770.547.4849
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6828956
Last Updated: 01/16/2021
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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