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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $107.57
- 5 Days on Market
- MLS # : 6830243
- Updated Date : 01/23/2021 at 09:03
CONSTRUCTION
- Beds : 5
- Floor Size : 2,789 sqft
- Baths : 3 full
Listing Agent's Description
Welcome to Wonderful Wyngate! Beautiful hardwood floors throughout with Master on the Main. Complete Mother in Law Suite in basement. Updated bathrooms. Granite in the kitchen. Gorgeous deck with hot tub. This house is a great starter home or perfect for a move-up family. Lots of space. Possible extra bedroom in basement, in addition to work out room. A must-see!
SEE MORE
- 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)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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: Wyngate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wyngate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$245 | |
| Property Insurance | -$81 | |
| HOA | -$42 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$202
|
||
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.
$300,000
PROJECTED PRICE
$1,730
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 8.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| 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
$85,250
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
8.25
YEARS SAVED
$32,498
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$0.62
LIST RENT PER SQFT
-
$1,862
COMP ESTIMATED VALUE -
$0.67
COMP AVG. RENT PER SQFT
Comps Range
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3993 Fox Glen Drive Woodstock, GA 2
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- Rent Per SQFT
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4011 Watkins Glen Drive Woodstock, GA 1
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- $1,720
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LEASED 06/29/20- Rent
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- $1,775
- $0.72
-
314 Summerchase Lane Woodstock, GA 4
- 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 1990
LEASED 07/07/20- Rent
- Rent Per SQFT
- $1,800
- $0.64
-
806 Ridge Creek Lane Woodstock, GA 5
- 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1991 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1991
LEASED 02/11/20- Rent
- Rent Per SQFT
- $1,895
- $0.63
PROPERTY LISTING DETAILS
1.770.241.0373
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6830243
Last Updated: 01/23/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.
