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3770 Uppark Drive Atlanta, GA 30349

4 Beds 3 Baths 2,655 sqft Built 2005

$270,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $101.69
  • 3 Days on Market
  • MLS # : 6844679
  • Updated Date : 02/26/2021 at 07:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,655 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

This home w/fresh paint, new appliances, replaced roof, new HVAC and a fenced backyard with an extended patio, is ready to welcome home its new owners! The foyer showcases a separate formal seating and dining rooms leading to the family room w/ fireplace and 20 ft. ceilings! Adjacent to the family room is the kitchen w/ breakfast bar plus eat-in kitchen. There is also a 1/2 bath for guest. Upstairs the owner's retreat has en-suite w/ double vanity, separate shower/tub and walk-in closet. There are also three spacious bedrooms, laundry room and full bath.

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)
  • 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)
  • #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)

PRICE & RENT TRENDS

Zip Code: 30349

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $82k235k

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

Zip Code: 30349

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8171714

* 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
Wolf Creek Elementary School Primary Unknown NA
Sandtown Middle School Middle Regular 1,168 80 3
Westlake High School High Regular 2,023 116 6

Wolf Creek Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Sandtown Middle School

  • Education Level: Middle
  • # of students: 1,168
  • # of teachers: 80
3
GreatSchools Rating

Westlake High School

  • Education Level: High
  • # of students: 2,023
  • # of teachers: 116
6
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$938
Property Tax -$301
Property Insurance -$78
HOA -$117
Property Management Fees -$119
CASH FLOW
$177

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$270,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$17,566

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,708

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,685
1$1,6852$1,7303$1,7854$1,935
$1,935
RENT COMPS ANALYSIS
  • 3770 Uppark Drive Atlanta, GA 2
    • 4 beds 3 baths ∙ 2,655 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,655 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.65
    •  
  • 4185 Post Oak Grove Atlanta, GA 1
    • 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 2006
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.63
    •  
  • 610 Maltese Drive Atlanta, GA 3
    • 3 beds 3 baths ∙ 2,880 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,880 Sqft ∙ Built 2008
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.62
    •  
  • 3440 Coval Circle Atlanta, GA 4
    • 4 beds 3 baths ∙ 2,842 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,842 Sqft ∙ Built 2004
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,935
    • $0.68
    •  
PROPERTY LISTING DETAILS
Makisha Strickland
1.678.457.2742
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6844679
Last Updated: 02/26/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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