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392 Greenfield Court Marietta, GA 30068

5 Beds 3 Baths 2,782 sqft Built 1974

$429,900

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1974
  • Price/Sqft : $154.53
  • 10 Days on Market
  • MLS # : 6802929
  • Updated Date : 11/07/2020 at 04:20
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,782 sqft
  • Baths : 3 full
Listing Agent's Description

Newly Renovated, large Ranch in sought after Indian Hills!!!! Come home to the perfect space! Freshly updated Eat-In kitchen with SS appliances, gas cooktop and plenty of storage. Enjoy a home with TWO owners suites. Secondary owners suite with fireplace and fabulous wall of windows, perfect for additional family room, rec room or a secondary owners suite. The open floor plan and great use of space allows for the perfect fit! Don't miss the minimal maintenance, fenced back yard, and inviting screened in patio.

SEE MORE

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

Neighborhood: Indian Hills Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $113k438k

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

Neighborhood: Indian Hills Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9732553

* 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
Eastvalley Elementary School Primary Regular 712 50 8
East Cobb Middle School Middle Regular 1,223 78 6
Wheeler High School High Regular 2,117 128 8

Eastvalley Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 50
8
GreatSchools Rating

East Cobb Middle School

  • Education Level: Middle
  • # of students: 1,223
  • # of teachers: 78
6
GreatSchools Rating

Wheeler High School

  • Education Level: High
  • # of students: 2,117
  • # of teachers: 128
8
GreatSchools Rating
 

$386,910$472,890$429,900

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$1,586
Property Tax -$713
Property Insurance -$81
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 15% of earned rent to cover both maintenance and periods of vacancy.

$429,900

PROJECTED PRICE

$2,430

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.6%
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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,586

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$16,082

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,372

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0503$2,3504$2,3505$2,430
$2,430
RENT COMPS ANALYSIS
  • 392 Greenfield Court Marietta, GA 5
    • 5 beds 3 baths ∙ 2,782 Sqft ∙ Built 1974 5 beds 3 baths ∙ 2,782 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $0.87
    •  
  • 3105 Brookview Drive Marietta, GA 1
    • 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 1974
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.81
    •  
  • 2956 Sope Creek Drive Marietta, GA 2
    • 4 beds 3 baths ∙ 2,489 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,489 Sqft ∙ Built 1973
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.82
    •  
  • 80 Stonington Place Marietta, GA 3
    • 4 beds 4 baths ∙ 2,679 Sqft ∙ Built 1980 4 beds 4 baths ∙ 2,679 Sqft ∙ Built 1980
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.88
    •  
  • 740 Robinson Farms Drive Marietta, GA 4
    • 4 beds 3 baths ∙ 2,608 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,608 Sqft ∙ Built 1986
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.90
    •  
PROPERTY LISTING DETAILS
Rachel Guy
1.404.797.4600
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6802929
Last Updated: 11/07/2020
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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