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3862 Adamsville Drive Sw Atlanta, GA 30331

4 Beds 3 Baths 2,018 sqft Built 1964

$184,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $91.63
  • 6 Days on Market
  • MLS # : 6821376
  • Updated Date : 12/23/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,018 sqft
  • Baths : 3 full
Listing Agent's Description

Well-maintained traditional split level home. Located in the Adamsville community, this home features a large corner lot and is move-in ready. The main level features an open concept living room and dining room area with a cozy, eat-in kitchen. Five quick steps lead upstairs to the master bedroom and master bath with a tiled walk-in shower, two secondary bedrooms, and a second full bath in the hallway. The lower level features a living room, one bedroom, and a full bath. Perfect for a guest suite, entertainment area, or home gym. The laundry area includes a laundry util

SEE MORE

MARKET HIGHLIGHTS

  • #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

Neighborhood: Baker Hills

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $46k235k

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

Neighborhood: Baker Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6291714

* 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
Leonora Precious Miles Intermediate School Primary Regular 325 21 2
Jean Childs Young Middle School Middle Regular 981 65 2
Benjamin E. Mays High School High Regular 1,707 102 2

Leonora Precious Miles Intermediate School

  • Education Level: Primary
  • # of students: 325
  • # of teachers: 21
2
GreatSchools Rating

Jean Childs Young Middle School

  • Education Level: Middle
  • # of students: 981
  • # of teachers: 65
2
GreatSchools Rating

Benjamin E. Mays High School

  • Education Level: High
  • # of students: 1,707
  • # of teachers: 102
2
GreatSchools Rating
 

$166,410$203,390$184,900

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$682
Property Tax -$214
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
$438

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.

$184,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.82%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.1%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,749

INVESTMENT

$54,749

Down Payment
$46,225
Rehab Estimate
$5,750
Closing Costs
$2,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$682

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,225
Loan Amount $138,675
See What Happens When You Reinvest Cash Flow

13.75

YEARS SAVED

$49,030

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,473

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,3953$1,3954$1,3955$1,520
$1,520
RENT COMPS ANALYSIS
  • 3862 Adamsville Drive Sw Atlanta, GA 5
    • 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.75
    •  
  • 3798 Bakers Ferry Road Sw Atlanta, GA 1
    • 4 beds 2 baths ∙ 1,958 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,958 Sqft ∙ Built 1964
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.71
    •  
  • 78 Candlelight Lane Sw Atlanta, GA 2
    • 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 1967 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 1967
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.69
    •  
  • 310 Flagstone Drive Sw Atlanta, GA 3
    • 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1965
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.74
    •  
  • 36 Delmoor Court Nw Atlanta, GA 4
    • 4 beds 2 baths ∙ 1,793 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,793 Sqft ∙ Built 1962
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.78
    •  
PROPERTY LISTING DETAILS
Shelley R Webster
1.404.441.1646
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6821376
Last Updated: 12/23/2020
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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