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3881 Appaloosa Trail Douglasville, GA 30135

4 Beds 3 Baths 2,014 sqft Built 1992

$189,900

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $94.29
  • 4 Days on Market
  • MLS # : 6804989
  • Updated Date : 11/07/2020 at 09:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,014 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Just Refreshed, This Pet/Kid-Friendly Home Has Absolutely No Carpeting & A Large, Fenced-In Backyard. It's Perfect For A Large Family! The Main Level Is Open Concept With A Large Greatroom & Separate Dining Room. The Kitchen Has White Cabinets, Pantry & Large Area For A Table & Chairs. Also On The Main Level Are 2 Guest Bedrooms, A Hall Bath & A Master Bedroom With Large Ensuite Bath. The Lower Level Has A Front Bedroom With 2 Large Windows, A Room That Could Be A Man Cave Or Playroom, A Half Bath & A 2-Car Garage With Separate Work/Storage Area.

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: Saddlecreek

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $84k209k

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

Neighborhood: Saddlecreek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290095010001050110011501200125013001350140014501500Rent in $8621509

* 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 709 43 7
Chapel Hill Middle School Middle Regular 1,105 59 8
New Manchester High School High Regular 1,680 95 4

Chapel Hill Elementary School

  • Education Level: Primary
  • # of students: 709
  • # of teachers: 43
7
GreatSchools Rating

Chapel Hill Middle School

  • Education Level: Middle
  • # of students: 1,105
  • # of teachers: 59
8
GreatSchools Rating

New Manchester High School

  • Education Level: High
  • # of students: 1,680
  • # of teachers: 95
4
GreatSchools Rating
 

$170,910$208,890$189,900

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$701
Property Tax -$173
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
$401

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.

$189,900

PROJECTED PRICE

$1,460

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
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$56,074

INVESTMENT

$56,074

Down Payment
$47,475
Rehab Estimate
$5,750
Closing Costs
$2,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$701

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,475
Loan Amount $142,425
See What Happens When You Reinvest Cash Flow

14

YEARS SAVED

$50,464

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,445

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,3653$1,4004$1,4605$1,595
$1,595
RENT COMPS ANALYSIS
  • 3881 Appaloosa Trail Douglasville, GA 4
    • 4 beds 3 baths ∙ 2,014 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,014 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.72
    •  
  • 3829 Greenbrook Drive Douglasville, GA 1
    • 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1989
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.72
    •  
  • 3902 Viola Court Douglasville, GA 2
    • 4 beds 3 baths ∙ 1,862 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,862 Sqft ∙ Built 1988
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,365
    • $0.73
    •  
  • 3736 Chapel Hill Road Douglasville, GA 3
    • 3 beds 3 baths ∙ 1,896 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,896 Sqft ∙ Built 1987
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.74
    •  
  • 3898 Rosedale Lane Douglasville, GA 5
    • 5 beds 2 baths ∙ 2,341 Sqft ∙ Built 1974 5 beds 2 baths ∙ 2,341 Sqft ∙ Built 1974
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.68
    •  
PROPERTY LISTING DETAILS
Jackie Porter
1.770.826.0183
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6804989
Last Updated: 11/07/2020
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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