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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $128.60
- 3 Days on Market
- MLS # : 6839572
- Updated Date : 02/13/2021 at 08:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,360 sqft
- Baths : 1 full , 1 half
Listing Agent's Description
Instant Equity! 4 Sided Brick Home in Well Established Community. Minutes away from ALL Attractions. Choose your exit, MULTIPLE EXIT strategies! Tenant in place (instant Cash Flow), renovate and sell OR tear down and go from the ground up! Centrally located! Close to Freeways, Downtown, Airport and Stadiums! Own inside City of Atlanta limits for less than $200k! Add this gem to your portfolio, great opportunity for savvy investor, inventory is KING! Do not disturb tenant!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Wilson Mill Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wilson Mill Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,170 |
| EXPENSES | Loan Payment | -$608 |
| Property Tax | -$203 | |
| Property Insurance | -$53 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$187
|
||
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.
$174,900
PROJECTED PRICE
$1,170
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$52,099
LOAN DETAILS
$608
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $43,725 |
| Loan Amount | $131,175 |
8.42
YEARS SAVED
$19,484
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,170
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,258
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
4027 Ester Drive Sw Atlanta, GA 1
- 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $1,170
- $0.86
-
658 Tarragon Way Sw Atlanta, GA 2
- 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1987
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,223
- $0.90
-
3512 Collier Drive Nw Atlanta, GA 3
- 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1990
LEASED 09/25/19- Rent
- Rent Per SQFT
- $1,330
- $0.95
-
4031 Bakers Ferry Road Sw Atlanta, GA 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
-
3940 Rutgers Drive Sw Atlanta, GA 5
- 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1963
LEASED 07/02/20- Rent
- Rent Per SQFT
- $1,495
- $0.88
PROPERTY LISTING DETAILS
1.404.957.0852
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6839572
Last Updated: 02/13/2021
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.
