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3897 Old Atlanta Station Drive Se Atlanta, GA 30339

4 Beds 4 Baths 2,667 sqft Built 2006

$360,000

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $134.98
  • 5 Days on Market
  • MLS # : 6833025
  • Updated Date : 01/30/2021 at 12:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,667 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Look no further! This meticulously-maintained home is tasteful and timeless and features upgrades galore. Fresh, neutral paint throughout, completely remodeled designer eat-in kitchen with beautiful oversized island, marble countertops, single-bowl undermount sink, classic subway tile with pot-filler, stainless appliances and gas cooking. The deck off of the kitchen is situated on the most private part of the community with evergreen trees for year-round privacy and relaxing foliage. Remodeled powder room features marble vanity and reclaimed wood

SEE MORE

MARKET HIGHLIGHTS

  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 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)
  • Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
  • 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)
  • #1 World’s Busiest Airport(Airports Council International, 2018)

PRICE & RENT TRENDS

Neighborhood: Old Atlanta Station

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k339k

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

Neighborhood: Old Atlanta Station

ZipNIR Market*CityMarket2010Year20002019 Q21000150020002500300035004000Rent in $9734147

* 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
Nickajack Elementary School Primary Regular 1,126 75 7
Campbell Middle School Middle Regular 1,416 77 6
Campbell High School High Regular 2,509 135 5

Nickajack Elementary School

  • Education Level: Primary
  • # of students: 1,126
  • # of teachers: 75
7
GreatSchools Rating

Campbell Middle School

  • Education Level: Middle
  • # of students: 1,416
  • # of teachers: 77
6
GreatSchools Rating

Campbell High School

  • Education Level: High
  • # of students: 2,509
  • # of teachers: 135
5
GreatSchools Rating
 

$324,000$396,000$360,000

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$1,250
Property Tax -$318
Property Insurance -$79
HOA -$240
Property Management Fees -$119
CASH FLOW
$554

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.

$360,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 1.9%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

12

YEARS SAVED

$67,930

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,560

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,854

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4503$2,5604$3,0005$3,095
$3,095
RENT COMPS ANALYSIS
  • 3897 Old Atlanta Station Drive Se Atlanta, GA 3
    • 4 beds 4 baths ∙ 2,667 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,667 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $0.96
    •  
  • 2655 Paul Avenue Nw Atlanta, GA 1
    • 3 beds 3 baths ∙ 2,396 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,396 Sqft ∙ Built 2006
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.96
    •  
  • 5181 Heather Road Se Smyrna, GA 2
    • 4 beds 3 baths ∙ 2,349 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,349 Sqft ∙ Built 2006
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.04
    •  
  • 5018 Groover Drive Se Smyrna, GA 4
    • 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 2011
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.23
    •  
  • 3743 Paces Park Circle Smyrna, GA 5
    • 3 beds 3 baths ∙ 2,935 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,935 Sqft ∙ Built 2002
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $1.05
    •  
PROPERTY LISTING DETAILS
Joe Rigoli
1.203.996.1823
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6833025
Last Updated: 01/30/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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