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3738 Fox Hills Drive Marietta, GA 30067

4 Beds 4 Baths 2,340 sqft Built 1970

$359,500

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $153.63
  • 3 Days on Market
  • MLS # : 6808452
  • Updated Date : 11/14/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,340 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Don’t miss this opportunity! Channel your favorite HGTV star & make this house your dream home. Located in East Cobb’s sought-after Sope Creek Elementary district, this well-maintained home with limitless potential is perfect for savvy buyers looking to make some equity. Main level features living room, formal dining room, kitchen & cozy family room with fireplace. Multiple rooms lead to huge screened porch & deck overlooking backyard. All 4 upstairs bedrooms have hardwood floors & spacious closets. Partially finished basement has 2 laundry areas & access to backyard.

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: Fox Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $113k367k

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

Neighborhood: Fox Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9732159

* 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
Sope Creek Elementary School Primary Regular 1,151 75 9
East Cobb Middle School Middle Regular 1,223 78 6
Wheeler High School High Regular 2,117 128 8

Sope Creek Elementary School

  • Education Level: Primary
  • # of students: 1,151
  • # of teachers: 75
9
GreatSchools Rating

East Cobb Middle School

  • Education Level: Middle
  • # of students: 1,223
  • # of teachers: 78
6
GreatSchools Rating

Wheeler High School

  • Education Level: High
  • # of students: 2,117
  • # of teachers: 128
8
GreatSchools Rating
 

$323,550$395,450$359,500

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,326
Property Tax -$569
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
$23

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.

$359,500

PROJECTED PRICE

$2,110

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 2.5%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,018

INVESTMENT

$101,018

Down Payment
$89,875
Rehab Estimate
$5,750
Closing Costs
$5,393

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,326

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,875
Loan Amount $269,625
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$20,387

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,931

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,9954$2,1105$2,400
$2,400
RENT COMPS ANALYSIS
  • 3738 Fox Hills Drive Marietta, GA 4
    • 4 beds 4 baths ∙ 2,340 Sqft ∙ Built 1970 4 beds 4 baths ∙ 2,340 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.90
    •  
  • 35 Shadowlawn Road Marietta, GA 1
    • 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 1977
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.80
    •  
  • 286 Pinehurst Lane Marietta, GA 2
    • 5 beds 3 baths ∙ 2,332 Sqft ∙ Built 1972 5 beds 3 baths ∙ 2,332 Sqft ∙ Built 1972
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.79
    •  
  • 3105 Brookview Drive Marietta, GA 3
    • 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 1974
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.81
    •  
  • 3348 Hunterdon Way Se Marietta, GA 5
    • 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 1975
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.90
    •  
PROPERTY LISTING DETAILS
Marlen Quiroz
1.404.861.3210
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6808452
Last Updated: 11/14/2020
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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