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3805 Pebble Beach Drive 
Atlanta, GA
30349
4 Beds 3 Baths 2,800 sqft
Built 1972
INVESTimate
$250,000
List Price
$72,000
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PROPERTY INFO
FACTS
- Built In 1972
- Price/Sqft : $89.29
- 6 Days on Market
- MLS # : 6770488
- Updated Date : 08/25/2020 at 08:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,800 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Welcome home to this classic Southern inspired split level house. Once you enter the foyer you will recognize the quality of the construction. The oversized living room opens into the formal dining room. The large eat in kitchen has plenty of room to cook and entertain. Head downstairs to the den and relax near the huge all brick fireplace and hearth. The den opens up to the generous outdoor patio. Master bedroom opens up to a large Louisiana balcony perfect for rocking chairs and enjoying the view and waiving to the neighbors.
SEE MORE
- #1 Most affordable big city (WalletHub, 2018)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- #1 Moving Destination in the Nation (Penske, 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)
- As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
PRICE & RENT TRENDS
Zip Code: 30349
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30349
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,420 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$279 | |
| Property Insurance | -$81 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$19
|
||
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.
$250,000
PROJECTED PRICE
$1,420
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 8.68% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$72,000
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
3.67
YEARS SAVED
$9,741
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,420
LIST RENT -
$0.51
LIST RENT PER SQFT
-
$1,624
COMP ESTIMATED VALUE -
$0.58
COMP AVG. RENT PER SQFT
Comps Range
-
3805 Pebble Beach Drive Atlanta, 1
- 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 1972
- Rent
- Rent Per SQFT
- $1,420
- $0.51
-
6300 Ponderosa Court College Park, 2
- 5 beds 3 baths ∙ 2,840 Sqft ∙ Built 1973 5 beds 3 baths ∙ 2,840 Sqft ∙ Built 1973
LEASED 08/18/20- Rent
- Rent Per SQFT
- $1,650
- $0.58
PROPERTY LISTING DETAILS
1.404.384.3833
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6770488
Last Updated: 08/25/2020
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.
