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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $101.38
- 2 Days on Market
- MLS # : 6823292
- Updated Date : 01/02/2021 at 08:57
CONSTRUCTION
- Beds : 4
- Floor Size : 2,465 sqft
- Baths : 3 full
Listing Agent's Description
Well-Maintained Split-level Style Low Maintenance home that is full of light and room. This home boasts 2,465 sq ft with Master on Main, Formal Dining, Large Kitchen with porch out back. Large living room features Vaulted Ceilings with Remote Controlled Gas Fireplace and gorgeous large Master that leads you through double walk-in closets to a large Master Bath.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Oak Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Oak Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,690 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$228 | |
| Property Insurance | -$75 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$346
|
||
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.
$249,900
PROJECTED PRICE
$1,690
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 7.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$71,974
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,475 |
| Loan Amount | $187,425 |
11.33
YEARS SAVED
$50,490
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,690
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$1,824
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
-
3950 Oak Woods Court Douglasville, GA 2
- 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $1,690
- $0.69
-
3670 Arrowhead Place Douglasville, GA 1
- 3 beds 3 baths ∙ 2,134 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,134 Sqft ∙ Built 2000
LEASED 05/28/20- Rent
- Rent Per SQFT
- $1,615
- $0.76
-
4070 Big Rub Trail Douglasville, GA 3
- 4 beds 3 baths ∙ 2,434 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,434 Sqft ∙ Built 2001
LEASED 07/19/19- Rent
- Rent Per SQFT
- $1,700
- $0.70
-
4186 Arnolds Mill Overpass Douglasville, GA 4
- 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 2006
LEASED 11/16/20- Rent
- Rent Per SQFT
- $1,785
- $0.79
-
2893 Open Sky Way Douglasville, GA 5
- 5 beds 3 baths ∙ 2,582 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,582 Sqft ∙ Built 2006
LEASED 04/28/20- Rent
- Rent Per SQFT
- $1,825
- $0.71
PROPERTY LISTING DETAILS
1.678.887.5689
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6823292
Last Updated: 01/02/2021
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.
