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3976 Adamsville Drive Sw Atlanta, GA 30331

3 Beds 1 Baths 1,209 sqft Built 1964

INVESTimate

$125,000

List Price

$1,020

$918 - $1,122

Rent Est.

$135,125  ( +8.10%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1964
  • Price/Sqft : $103.39
  • 19 Days on Market
  • MLS # : 6759832
  • Updated Date : 08/26/2020 at 04:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,209 sqft
  • Baths : 1 full
Listing Agent's Description

Investor Special!!!!!! 3 Bedroom 1 Bathroom Ranch. Close to Downtown Atlanta, Shopping, and public transportation!!! Property needs a little TLC!!!

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: 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
 

$112,500$137,500$125,000

PURCHASE PRICE

$918$1,122$1,020

RENT

DOWN PAYMENT
FINANCING

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$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,020
EXPENSES Loan Payment -$461
Property Tax -$145
Property Insurance -$51
Property Management Fees -$119
CASH FLOW
$244

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.

$125,000

PROJECTED PRICE

$1,020

PROJECTED RENT

0.82%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.10%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$38,875

INVESTMENT

$38,875

Down Payment
$31,250
Rehab Estimate
$5,750
Closing Costs
$1,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$461

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $31,250
Loan Amount $93,750
See What Happens When You Reinvest Cash Flow

12.17

YEARS SAVED

$28,147

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,020

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,060

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,020
1$1,0202$1,0993$1,1004$1,395
$1,395
RENT COMPS ANALYSIS
  • 3976 Adamsville Drive Sw Atlanta, 1
    • 3 beds 1 baths ∙ 1,209 Sqft ∙ Built 1964 3 beds 1 baths ∙ 1,209 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $1,020
    • $0.84
    •  
  • 123 Kittrell Drive Sw Atlanta, 2
    • 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1966
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,099
    • $0.72
    •  
  • 491 Bolton Road Nw Atlanta, 3
    • 4 beds 2 baths ∙ 1,173 Sqft ∙ Built 1950 4 beds 2 baths ∙ 1,173 Sqft ∙ Built 1950
    LEASED 02/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.94
    •  
  • 4031 Bakers Ferry Road Sw Atlanta, 4
    • 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
Alphonso Wyatt
1.404.787.2573
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6759832
Last Updated: 08/26/2020
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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