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3976 Adamsville Drive Sw Atlanta, GA 30331

3 Beds 2 Baths 1,254 sqft Built 1964

$210,000

List Price

$1,130

$1K - $1.2K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $167.46
  • 3 Days on Market
  • MLS # : 6810842
  • Updated Date : 11/21/2020 at 16:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,254 sqft
  • Baths : 2 full
Listing Agent's Description

stunning Ranch. 4 brick sides UNIQUE in the area with walk-in closet in master, storage, and a wide and modern deck. RECENTLY RENOVATED 3/2 bathrooms. HARDWOOD FLOORS IN THE ENTIRE HOUSE, open concept kitchen view to the living room, NEW: STAINLESS STEEL APPLIANCES, STONE COUNTERTOP in kitchen, Windows, A/C, NEW ELECTRIC WIRES and plumbing. this property has been renovated to satisfy the most demanding homebuyers. fresh paint, ready to move.

SEE MORE

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)
  • 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 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)

PRICE & RENT TRENDS

Neighborhood: Baker Hills

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $46k235k

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

Neighborhood: Baker Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6291714

* 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
Leonora Precious Miles Intermediate School Primary Regular 325 21 2
Jean Childs Young Middle School Middle Regular 981 65 2
Benjamin E. Mays High School High Regular 1,707 102 2

Leonora Precious Miles Intermediate School

  • Education Level: Primary
  • # of students: 325
  • # of teachers: 21
2
GreatSchools Rating

Jean Childs Young Middle School

  • Education Level: Middle
  • # of students: 981
  • # of teachers: 65
2
GreatSchools Rating

Benjamin E. Mays High School

  • Education Level: High
  • # of students: 1,707
  • # of teachers: 102
2
GreatSchools Rating
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,017$1,243$1,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,130
EXPENSES Loan Payment -$775
Property Tax -$243
Property Insurance -$51
Property Management Fees -$119
CASH FLOW
-$59

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.

$210,000

PROJECTED PRICE

$1,130

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.1%
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$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$775

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$4,213

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,130

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,191

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$925
1$9252$1,0953$1,0954$1,1305$1,395
$1,395
RENT COMPS ANALYSIS
  • 3976 Adamsville Drive Sw Atlanta, GA 4
    • 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $1,130
    • $0.90
    •  
  • 650 Fairburn Road Nw Atlanta, GA 1
    • 3 beds 1 baths ∙ 1,000 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,000 Sqft ∙ Built 1963
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.93
    •  
  • 3670 Venus Place Nw Atlanta, GA 2
    • 3 beds 1 baths ∙ 1,146 Sqft ∙ Built 1960 3 beds 1 baths ∙ 1,146 Sqft ∙ Built 1960
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.96
    •  
  • 3645 Croft Place Nw Atlanta, GA 3
    • 3 beds 1 baths ∙ 1,157 Sqft ∙ Built 1959 3 beds 1 baths ∙ 1,157 Sqft ∙ Built 1959
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.95
    •  
  • 4031 Bakers Ferry Road Sw Atlanta, GA 5
    • 3 beds 3 baths ∙ 1,442 Sqft ∙ Built 1964 3 beds 3 baths ∙ 1,442 Sqft ∙ Built 1964
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.97
    •  
PROPERTY LISTING DETAILS
Carlos Giraldo Alvarez
1.678.410.5122
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6810842
Last Updated: 11/21/2020
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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