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3901 Brianna Drive Powder Springs, GA 30127

3 Beds 2 Baths 2,225 sqft Built 1996

$269,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $121.30
  • 2 Days on Market
  • MLS # : 6851087
  • Updated Date : 03/13/2021 at 10:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,225 sqft
  • Baths : 2 full
Listing Agent's Description

RARE opportunity to own a 4-sided, brick ranch in Elliot Place! This small, quaint neighborhood is just minutes to schools, shopping & Power Springs Park! CORNER, LEVEL, lot home boasts a newer roof, HVAC & hot water heater. Meticulously maintained, this home has only had two owners. The desirable open concept floor plan with high ceilings is daylit and spacious. The inviting family room/living area features a cozy fireplace. The kitchen offers a view of the family room, breakfast area, and pantry.

SEE MORE

MARKET HIGHLIGHTS

  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #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)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Neighborhood: Elliot Place

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210kPrice in $101k216k

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

Neighborhood: Elliot Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q295010001050110011501200125013001350140014501500Rent in $9441509

* 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
Powder Springs Elementary School Primary Regular 798 58 5
Cooper Middle School Middle Regular 899 53 8
Mceachern High School High Regular 2,239 122 6

Powder Springs Elementary School

  • Education Level: Primary
  • # of students: 798
  • # of teachers: 58
5
GreatSchools Rating

Cooper Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 53
8
GreatSchools Rating

Mceachern High School

  • Education Level: High
  • # of students: 2,239
  • # of teachers: 122
6
GreatSchools Rating
 

$242,910$296,890$269,900

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 -$937
Property Tax -$293
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
$101

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.

$269,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.0%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$18,220

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
  • $0.68

    LIST RENT PER SQFT
  • $1,736

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,520
1$1,5202$1,5653$1,6504$1,6505$1,670
$1,670
RENT COMPS ANALYSIS
  • 3901 Brianna Drive Powder Springs, GA 1
    • 3 beds 2 baths ∙ 2,225 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,225 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.68
    •  
  • 261 Bookout Loop Powder Springs, GA 2
    • 3 beds 2 baths ∙ 2,034 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,034 Sqft ∙ Built 2001
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,565
    • $0.77
    •  
  • 3951 Saint George Terrace Hiram, GA 3
    • 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 2000
    LEASED 10/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
  • 5236 Pine Way Road Powder Springs, GA 4
    • 4 beds 2 baths ∙ 2,053 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,053 Sqft ∙ Built 1987
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.80
    •  
  • 5191 Memorial Lane Powder Springs, GA 5
    • 3 beds 2 baths ∙ 2,243 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,243 Sqft ∙ Built 2001
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.74
    •  
PROPERTY LISTING DETAILS
Will Williams
1.678.761.4882
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6851087
Last Updated: 03/13/2021
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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