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411 Pineland Road Sw 
Mableton, GA
30126
3 Beds 2 Baths 1,066 sqft
Built 1968
INVESTimate
$148,000
List Price
$44,970
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PROPERTY INFO
FACTS
- Built In 1968
- Price/Sqft : $138.84
- 4 Days on Market
- MLS # : 6771919
- Updated Date : 08/26/2020 at 04:20
CONSTRUCTION
- Beds : 3
- Floor Size : 1,066 sqft
- Baths : 2 full
Listing Agent's Description
3 bedroom 2 full bath ranch style home in a desirable area. Hardwood floors, updated kitchen cabinets, new plumbing, has bonus room with fireplace. Cozy home with major potential. Recent roof replacement. Master bath converted to full bath.
SEE MORE
- #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: Maple Valley Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Maple Valley Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,090 |
| EXPENSES | Loan Payment | -$546 |
| Property Tax | -$131 | |
| Property Insurance | -$48 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$246
|
||
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.
$148,000
PROJECTED PRICE
$1,090
PROJECTED RENT
0.74%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 5.92% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$44,970
LOAN DETAILS
$546
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $37,000 |
| Loan Amount | $111,000 |
12.42
YEARS SAVED
$33,549
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,090
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$853
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
411 Pineland Road Sw Mableton, 2
- 3 beds 2 baths ∙ 1,066 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,066 Sqft ∙ Built 1968
![property image]()
- Rent
- Rent Per SQFT
- $1,090
- $1.02
-
6086 Venetian Way Se Mableton, 1
- 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1962
![property image]()
LEASED 06/14/19- Rent
- Rent Per SQFT
- $1,000
- $0.73
-
5168 Mable Lake Drive Sw Mableton, 3
- 4 beds 2 baths ∙ 1,380 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,380 Sqft ∙ Built 1958
![property image]()
LEASED 09/13/19- Rent
- Rent Per SQFT
- $1,200
- $0.87
PROPERTY LISTING DETAILS
1.706.346.4807
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6771919
Last Updated: 08/26/2020
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.
