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3872 Radcliffe Boulevard Decatur, GA 30034

4 Beds 2 Baths 1,800 sqft Built 1975

INVESTimate

$169,900

List Price

$1,270

$1,143 - $1,397

Rent Est.

$180,332  ( +6.14%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1975
  • Price/Sqft : $94.39
  • 21 Days on Market
  • MLS # : 6754067
  • Updated Date : 08/25/2020 at 10:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,800 sqft
  • Baths : 2 full
Listing Agent's Description

***NEWLY RENOVATED*** Beautiful split level home located in cul-de-sac in sought after neighborhood. This home is much larger than it appears. Huge living area w/ vaulted ceilings, new wood flooring, cabinets, granite counters stainless steel appliances with separate dining room Lower level has open area den/bonus room, full bath and bedroom. Upper level has 3 bedrooms and stackable washer/dryer

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: Chapel Hills

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Neighborhood: Chapel Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171509

* 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
Chapel Hill Elementary School Primary Regular 632 39 3
Chapel Hill Middle School Middle Regular 854 52 4
Southwest Dekalb High School High Regular 1,275 80 4

Chapel Hill Elementary School

  • Education Level: Primary
  • # of students: 632
  • # of teachers: 39
3
GreatSchools Rating

Chapel Hill Middle School

  • Education Level: Middle
  • # of students: 854
  • # of teachers: 52
4
GreatSchools Rating

Southwest Dekalb High School

  • Education Level: High
  • # of students: 1,275
  • # of teachers: 80
4
GreatSchools Rating
 

$152,910$186,890$169,900

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$627
Property Tax -$245
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
$217

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.

$169,900

PROJECTED PRICE

$1,270

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 6.14%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,774

INVESTMENT

$50,774

Down Payment
$42,475
Rehab Estimate
$5,750
Closing Costs
$2,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$627

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,475
Loan Amount $127,425
See What Happens When You Reinvest Cash Flow

9

YEARS SAVED

$24,735

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,332

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,2703$1,2804$1,3955$1,630
$1,630
RENT COMPS ANALYSIS
  • 3872 Radcliffe Boulevard Decatur, 2
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.71
    •  
  • 3640 Diamond Circle Decatur, 1
    • 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 1993
    property image
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.68
    •  
  • 3653 Silver Springs Court Decatur, 3
    • 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 1995
    property image
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.73
    •  
  • 3636 Belmont Abbey Drive Decatur, 4
    • 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1975 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1975
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.72
    •  
  • 3856 Radcliffe Boulevard Decatur, 5
    • 4 beds 3 baths ∙ 1,968 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,968 Sqft ∙ Built 1986
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.83
    •  
PROPERTY LISTING DETAILS
Cindy Phelps
1.678.851.3877
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6754067
Last Updated: 08/25/2020
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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