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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $174.29
- 2 Days on Market
- MLS # : 6825438
- Updated Date : 01/09/2021 at 15:40
CONSTRUCTION
- Beds : 4
- Floor Size : 2,404 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Beautifully renovated cap cod in coveted Smyrna location. Gorgeous open kitchen with view of amazing sunroom, New granite, Stainless appliances & hardwood floors in kitchen. Master on the main & a brand new huge luxurious master bath that will make you feel like your in a spa. Large secondary bedrooms upstairs with new carpet and paint and fixtures. Privacy fenced backyard with inground pool, tennis courts and park within 100 yards of property also. Incredible location, 1 min. to North cooper lake bike park, steps away to sliver comet trail. Great for entertaining
SEE MORE
- #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)
- 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)
- Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
- #1 Moving Destination in the Nation (Penske, 2018)
PRICE & RENT TRENDS
Neighborhood: Cooper Lake Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cooper Lake Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,310 |
| EXPENSES | Loan Payment | -$1,455 |
| Property Tax | -$424 | |
| Property Insurance | -$74 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$238
|
||
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.
$419,000
PROJECTED PRICE
$2,310
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 6.3% |
| 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
$116,785
LOAN DETAILS
$1,455
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $104,750 |
| Loan Amount | $314,250 |
7.58
YEARS SAVED
$41,353
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,310
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$2,302
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
3820 W Cooper Lake Drive Se Smyrna, GA 4
- 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 1981
- Rent
- Rent Per SQFT
- $2,310
- $0.96
-
4498 Queen Anne Court Mableton, GA 1
- 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1988
LEASED 06/22/20- Rent
- Rent Per SQFT
- $2,250
- $0.96
-
2555 Haddenham Lane Sw Smyrna, GA 2
- 4 beds 3 baths ∙ 2,434 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,434 Sqft ∙ Built 2000
LEASED 07/15/20- Rent
- Rent Per SQFT
- $2,300
- $0.94
-
5090 River Valley Drive Se Smyrna, GA 3
- 4 beds 2 baths ∙ 2,244 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,244 Sqft ∙ Built 1984
LEASED 08/14/20- Rent
- Rent Per SQFT
- $2,300
- $1.02
-
1507 Grace Meadows Lane Se Smyrna, GA 5
- 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 1996
LEASED 08/17/20- Rent
- Rent Per SQFT
- $2,400
- $0.91
PROPERTY LISTING DETAILS
1.404.323.3916
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6825438
Last Updated: 01/09/2021
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.
