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4084 Pinehurst Valley Drive Decatur, GA 30034

3 Beds 3 Baths 2,002 sqft Built 1991

$125,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $62.44
  • 2 Days on Market
  • MLS # : 6808948
  • Updated Date : 11/14/2020 at 22:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,002 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

CASH ONLY SALE... Great house to rehab in a great quiet subdivision. No sign .. Supra lockbox All offers will be reviewed on Wednesday November 18th. No Blind Offers, will be verified ... property to be sold AS IS... no disclosure. Seller has not lived or seen property in the last 9 years closing attorney will be Raymer Law Group

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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • 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)
  • 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

Zip Code: 30034

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $81k209k

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

Zip Code: 30034

ZipNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171509

* 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
Chapel Hill Elementary School Primary Regular 632 39 3
Chapel Hill Middle School Middle Regular 854 52 4
Southwest Dekalb High School High Regular 1,275 80 4

Chapel Hill Elementary School

  • Education Level: Primary
  • # of students: 632
  • # of teachers: 39
3
GreatSchools Rating

Chapel Hill Middle School

  • Education Level: Middle
  • # of students: 854
  • # of teachers: 52
4
GreatSchools Rating

Southwest Dekalb High School

  • Education Level: High
  • # of students: 1,275
  • # of teachers: 80
4
GreatSchools Rating
 

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

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$461
Property Tax -$262
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
$432

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

$1,340

PROJECTED RENT

1.07%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 9.5%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k$450k

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 20% 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

16

YEARS SAVED

$39,286

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,466

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,209
1$1,2092$1,2803$1,3004$1,3405$1,395
$1,395
RENT COMPS ANALYSIS
  • 4084 Pinehurst Valley Drive Decatur, GA 4
    • 3 beds 3 baths ∙ 2,002 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,002 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.67
    •  
  • 3715 Sapphire Court Decatur, GA 1
    • 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2003
    property image
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,209
    • $0.72
    •  
  • 3653 Silver Springs Court Decatur, GA 2
    • 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 1995
    property image
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.73
    •  
  • 3631 Sapphire Court Decatur, GA 3
    • 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1996
    property image
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.76
    •  
  • 3636 Belmont Abbey Drive Decatur, GA 5
    • 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1975 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1975
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.72
    •  
PROPERTY LISTING DETAILS
Pat Aiken
1.404.843.2500
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6808948
Last Updated: 11/14/2020
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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