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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $129.49
- 2 Days on Market
- MLS # : 6813407
- Updated Date : 11/28/2020 at 17:10
CONSTRUCTION
- Beds : 4
- Floor Size : 2,201 sqft
- Baths : 3 full , 1 half
Listing Agent's Description
Beautiful home in sought after neighborhood and school district! Fresh paint throughout with new light fixtures and newer carpet. Open concept with huge kitchen that looks into the family room and dinging area. Large eat in breakfast area. Spacious master bedroom with large walk in closet and master bath with separate tub and shower. Secondary bedrooms are good size with plenty of closet space. Finished lower level with amazing bonus room area with bedroom and full bath. Perfect for teen/in law suite.
SEE MORE
- 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)
- #1 Most affordable big city (WalletHub, 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'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)
PRICE & RENT TRENDS
Neighborhood: Centennial Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Centennial Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,840 |
| EXPENSES | Loan Payment | -$1,052 |
| Property Tax | -$232 | |
| Property Insurance | -$70 | |
| HOA | -$44 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$323
|
||
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.
$285,000
PROJECTED PRICE
$1,840
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 5.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| 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
$81,275
LOAN DETAILS
$1,052
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,250 |
| Loan Amount | $213,750 |
10.08
YEARS SAVED
$49,276
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,840
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,893
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
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4065 Mount Vernon Drive Woodstock, GA 4
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203 Chesapeake Lane Woodstock, GA 1
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LEASED 08/14/20- Rent
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- $1,735
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108 Lexington Parke Drive Woodstock, GA 2
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LEASED 05/24/20- Rent
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- $1,795
- $0.83
-
417 Etowah Valley Way Woodstock, GA 3
- 3 beds 3 baths ∙ 2,014 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,014 Sqft ∙ Built 1992
LEASED 09/16/20- Rent
- Rent Per SQFT
- $1,795
- $0.89
-
303 Chesapeake Ridge Woodstock, GA 5
- 4 beds 3 baths ∙ 2,142 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,142 Sqft ∙ Built 1995
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,900
- $0.89
PROPERTY LISTING DETAILS
1.404.793.7440
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6813407
Last Updated: 11/28/2020
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.
