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4146 Country Manor Court Ne Woodstock, GA 30188

4 Beds 3 Baths 2,292 sqft Built 1987

$350,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $152.71
  • 5 Days on Market
  • MLS # : 6843832
  • Updated Date : 02/27/2021 at 04:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,292 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

DON'T MISS this Southern Charmer in HOT EAST COBB! Priced To SELL! Central to EVERYTHING! 4 Bedrooms, 2.5 bath, family room, spacious kitchen with gorgeous granite, office OR Flex room, formal dining AND partial BASEMENT! New hardwood floors through main, newer paint and carpet! TOP LASSITER High School District! 2 car garage + extra parking on driveway. Brand new paint, new hardwood floors & new carpet!! Relax on your rocking chair front porch, or in your garden in your private back yard. Peaceful culdesac in a friendly neighborhood! HURRY THIS ONE will go FAST! NO HOA

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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Country Manor

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Country Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Garrison Mill Elementary School Primary Regular 669 45 9
Mabry Middle School Middle Regular 890 54 9
Lassiter High School High Regular 2,131 118 10

Garrison Mill Elementary School

  • Education Level: Primary
  • # of students: 669
  • # of teachers: 45
9
GreatSchools Rating

Mabry Middle School

  • Education Level: Middle
  • # of students: 890
  • # of teachers: 54
9
GreatSchools Rating

Lassiter High School

  • Education Level: High
  • # of students: 2,131
  • # of teachers: 118
10
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,216
Property Tax -$309
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
$134

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.

$350,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$29,052

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,983

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8503$1,8754$1,9505$1,950
$1,950
RENT COMPS ANALYSIS
  • 4146 Country Manor Court Ne Woodstock, GA 2
    • 4 beds 3 baths ∙ 2,292 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,292 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.81
    •  
  • 5011 Bedell Road Ne Roswell, GA 1
    • 4 beds 2 baths ∙ 2,097 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,097 Sqft ∙ Built 1973
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.83
    •  
  • 4512 Pine Hill Terrace Ne Marietta, GA 3
    • 3 beds 3 baths ∙ 2,354 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,354 Sqft ∙ Built 1985
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.80
    •  
  • 4453 Old Mabry Place Roswell, GA 4
    • 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 1977 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 1977
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.90
    •  
  • 207 Colony Center Drive Woodstock, GA 5
    • 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 1996
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
PROPERTY LISTING DETAILS
Lorine Rogers
1.678.926.9811
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6843832
Last Updated: 02/27/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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