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3950 Oak Woods Court Douglasville, GA 30135

4 Beds 3 Baths 2,465 sqft Built 1994

$249,900

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210kPrice in $100k216k

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

Neighborhood: Oak Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q295010001050110011501200125013001350140014501500Rent in $9311509

* 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
Factory Shoals Elementary School Primary Regular 730 49 4
Factory Shoals Middle School Middle Regular 854 47 5
New Manchester High School High Regular 1,680 95 4

Factory Shoals Elementary School

  • Education Level: Primary
  • # of students: 730
  • # of teachers: 49
4
GreatSchools Rating

Factory Shoals Middle School

  • Education Level: Middle
  • # of students: 854
  • # of teachers: 47
5
GreatSchools Rating

New Manchester High School

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

$224,910$274,890$249,900

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

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
$1,615
1$1,6152$1,6903$1,7004$1,7855$1,825
$1,825
RENT COMPS ANALYSIS
  • 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
Sara Arevalo
1.678.887.5689
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6823292
Last Updated: 01/02/2021
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. © 2017 First Multiple Listing Service, Inc.

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