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3919 Cindy Drive Douglasville, GA 30135

3 Beds 2 Baths 1,232 sqft Built 1976

$157,000

List Price

$1,000

$900 - $1.1K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $127.44
  • 3 Days on Market
  • MLS # : 6808118
  • Updated Date : 11/13/2020 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,232 sqft
  • Baths : 2 full
Listing Agent's Description

Looking for a new home for the holidays? This hard to find gem is move in ready and priced to sell! Newly renovated ranch style home on a full basement features 3 spacious bedrooms and 2 full baths. Updates include new cabinetry and flooring throughout in the latest styles. Fresh paint inside and out. Updated electrical, HVAC, hot water heater, light fixtures, plumbing fixtures - and so much more. Large homesite has great potential for an outdoor oasis too. Don't wait!! This one won't last. **Listing agent is related to the seller. Investor owned. No disclosures.

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MARKET HIGHLIGHTS

  • 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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • 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)
  • 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: Rolling Hills Estates

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $69k209k

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

Neighborhood: Rolling Hills Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7421509

* 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
Mount Carmel Elementary School Primary Regular 498 32 5
Chestnut Log Middle School Middle Regular 711 45 4
New Manchester High School High Regular 1,680 95 4

Mount Carmel Elementary School

  • Education Level: Primary
  • # of students: 498
  • # of teachers: 32
5
GreatSchools Rating

Chestnut Log Middle School

  • Education Level: Middle
  • # of students: 711
  • # of teachers: 45
4
GreatSchools Rating

New Manchester High School

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

$141,300$172,700$157,000

PURCHASE PRICE

$900$1,100$1,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,000
EXPENSES Loan Payment -$579
Property Tax -$182
Property Insurance -$51
Property Management Fees -$119
CASH FLOW
$69

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.

$157,000

PROJECTED PRICE

$1,000

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 7.8%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$47,355

INVESTMENT

$47,355

Down Payment
$39,250
Rehab Estimate
$5,750
Closing Costs
$2,355

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $39,250
Loan Amount $117,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$10,519

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,000

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,035

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,000
1$1,0002$1,0003$1,2754$1,325
$1,325
RENT COMPS ANALYSIS
  • 3919 Cindy Drive Douglasville, GA 2
    • 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.81
    •  
  • 2864 Warren Road Douglasville, GA 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1978
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.83
    •  
  • 1661 N Highpoint Drive Douglasville, GA 3
    • 4 beds 2 baths ∙ 1,525 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,525 Sqft ∙ Built 1968
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.84
    •  
  • 3100 Pritchards Ridge Drive Douglasville, GA 4
    • 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1982
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.85
    •  
PROPERTY LISTING DETAILS
Tari Johnson
1.470.651.6856
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6808118
Last Updated: 11/13/2020
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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