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3906 Concord Walk Drive Se Smyrna, GA 30082

3 Beds 3 Baths 2,248 sqft Built 1999

$350,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $155.69
  • 4 Days on Market
  • MLS # : 6839584
  • Updated Date : 02/13/2021 at 13:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,248 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

This Smyrna beauty is an oasis in the city with an open floor plan, a relaxing pool, and tons of natural light. Open family room with 12-foot windows, vaulted ceilings, and a remote start gas fireplace make for an incredible living area. An oversized master suite with sitting area and a versatile, bright sunroom (could be a great work from home space) are just a few of the wonderful spaces that make this such a nice home. This home is turn-key with over $75K in upgrades and updates done in the last 5 years; including high-efficiency HVAC and water heater, whole-home

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Concord Walk

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k346k

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

Neighborhood: Concord Walk

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9732199

* 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
King Springs Elementary School Primary Regular 863 53 8
Griffin Middle School Middle Regular 1,196 70 5
Campbell High School High Regular 2,509 135 5

King Springs Elementary School

  • Education Level: Primary
  • # of students: 863
  • # of teachers: 53
8
GreatSchools Rating

Griffin Middle School

  • Education Level: Middle
  • # of students: 1,196
  • # of teachers: 70
5
GreatSchools Rating

Campbell High School

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

$315,000$385,000$350,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,216
Property Tax -$402
Property Insurance -$71
HOA -$16
Property Management Fees -$119
CASH FLOW
$257

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.

$350,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.3%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$39,135

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,119

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,080
1$2,0802$2,2003$2,2504$2,3005$2,350
$2,350
RENT COMPS ANALYSIS
  • 3906 Concord Walk Drive Se Smyrna, GA 1
    • 3 beds 3 baths ∙ 2,248 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,248 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.93
    •  
  • 4718 Crest Knoll Drive Se Mableton, GA 2
    • 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 1984
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.94
    •  
  • 4498 Queen Anne Court Mableton, GA 3
    • 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1988
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.96
    •  
  • 2555 Haddenham Lane Sw Smyrna, GA 4
    • 4 beds 3 baths ∙ 2,434 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,434 Sqft ∙ Built 2000
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.94
    •  
  • 183 Ennisbrook Drive Se Smyrna, GA 5
    • 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 2002
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.93
    •  
PROPERTY LISTING DETAILS
Michael Pappas
1.770.815.8370
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6839584
Last Updated: 02/13/2021
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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