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3905 Cypress Pointe Drive Union City, GA 30291

3 Beds 3 Baths 1,456 sqft Built 2002

INVESTimate

$138,000

List Price

$1,220

$1,098 - $1,342

Rent Est.

$150,503  ( +9.06%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $94.78
  • 3 Days on Market
  • MLS # : 6771764
  • Updated Date : 08/25/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,456 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Perfect opportunity for new and seasoned investors. Instant cash flowing property with long term tenants, currently rented below market rate at $875/month, with lease ending in June 2021, and no active HOA in place.Photos provided are before the property was occupied. Quiet neighborhood, spacious backyard, conveniently located near schools, shopping centers, and interstate. PLEASE DO NOT DISTURB TENANTS. SHOWINGS ARE BY APPOINTMENT ONLY via ShowingTime. FACE MASKS AND HAND SANITIZER ARE REQUIRED DURING SHOWINGS.

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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

Zip Code: 30291

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $78k209k

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

Zip Code: 30291

ZipNIR 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
C.h. Gullatt Elementary School Primary Regular 503 32 3
Camp Creek Middle School Middle Regular 738 59 2
Langston Hughes High School High Regular 1,890 105 3

C.h. Gullatt Elementary School

  • Education Level: Primary
  • # of students: 503
  • # of teachers: 32
3
GreatSchools Rating

Camp Creek Middle School

  • Education Level: Middle
  • # of students: 738
  • # of teachers: 59
2
GreatSchools Rating

Langston Hughes High School

  • Education Level: High
  • # of students: 1,890
  • # of teachers: 105
3
GreatSchools Rating
 

$124,200$151,800$138,000

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$509
Property Tax -$109
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
$428

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.

$138,000

PROJECTED PRICE

$1,220

PROJECTED RENT

0.88%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 9.06%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$42,320

INVESTMENT

$42,320

Down Payment
$34,500
Rehab Estimate
$5,750
Closing Costs
$2,070

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$509

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $34,500
Loan Amount $103,500
See What Happens When You Reinvest Cash Flow

16

YEARS SAVED

$43,284

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,220

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,201

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,220
1$1,2202$1,3653$1,3954$1,4655$1,500
$1,500
RENT COMPS ANALYSIS
  • 3905 Cypress Pointe Drive Union City, 1
    • 3 beds 3 baths ∙ 1,456 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,456 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $0.84
    •  
  • 7161 Boulder Pass Union City, 2
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2004
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,365
    • $0.80
    •  
  • 7539 Deer Creek Drive Union City, 3
    • 3 beds 3 baths ∙ 1,652 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,652 Sqft ∙ Built 2003
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.84
    •  
  • 3050 Raven Trace Fairburn, 4
    • 3 beds 3 baths ∙ 1,791 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,791 Sqft ∙ Built 2005
    property image
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,465
    • $0.82
    •  
  • 3030 Raven Trace Fairburn, 5
    • 3 beds 3 baths ∙ 1,791 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,791 Sqft ∙ Built 2004
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
PROPERTY LISTING DETAILS
Brittani Mannings
1.678.462.2765
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6771764
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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