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416 Reinhardt Lane Ball Ground, GA 30107

4 Beds 3 Baths 2,600 sqft Built 2015

$280,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $107.69
  • 3 Days on Market
  • MLS # : 6820157
  • Updated Date : 12/19/2020 at 16:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,600 sqft
  • Baths : 3 full
Listing Agent's Description

ADORABLE, meticulously maintained home in sought after swim/ sidewalk community located minutes from downtown Ball Ground and 575! This move in ready home boasts gleaming hardwoods throughout the main level, a large chefs kitchen with GORGEOUS granite island, spacious seating and cabinets galore. Eat-in kitchen overlooks the fully fenced and flat backyard. 4 BR/ 3 BA. Sep. Dining Room. Spacious owners suite with large master bath featuring double vanities and garden tub. Perfectly situated minutes from Ball Ground, Canton, 575 and gorgeous Blue Ridge!

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)
  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: River Brooke

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $82k235k

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

Neighborhood: River Brooke

NeighborhoodNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171530

* 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
Hasty Elementary School Fine Arts Academy Primary Regular 894 76 4
Teasley Middle School Middle Regular 1,423 94 6
Cherokee High School High Regular 2,378 135 6

Hasty Elementary School Fine Arts Academy

  • Education Level: Primary
  • # of students: 894
  • # of teachers: 76
4
GreatSchools Rating

Teasley Middle School

  • Education Level: Middle
  • # of students: 1,423
  • # of teachers: 94
6
GreatSchools Rating

Cherokee High School

  • Education Level: High
  • # of students: 2,378
  • # of teachers: 135
6
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,033
Property Tax -$235
Property Insurance -$77
HOA -$58
Property Management Fees -$119
CASH FLOW
$277

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.

$280,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 6.3%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$35,683

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,907

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8003$2,0004$2,045
$2,045
RENT COMPS ANALYSIS
  • 416 Reinhardt Lane Ball Ground, GA 2
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.69
    •  
  • 219 Sleepy Way Canton, GA 1
    • 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2015
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.76
    •  
  • 711 Flag Street Canton, GA 3
    • 4 beds 3 baths ∙ 2,848 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,848 Sqft ∙ Built 2014
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.70
    •  
  • 190 Fred Bishop Drive Canton, GA 4
    • 4 beds 3 baths ∙ 2,758 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,758 Sqft ∙ Built 2008
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.74
    •  
PROPERTY LISTING DETAILS
Evelyn Stevens
1.404.569.2904
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6820157
Last Updated: 12/19/2020
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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