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4182 Mistymorn Way 
Powder Springs, GA
30127
4 Beds 3 Baths 1,728 sqft
Built 1994
INVESTimate
$179,900
List Price
$53,424
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PROPERTY INFO
FACTS
- Built In 1994
- Price/Sqft : $104.11
- 3 Days on Market
- MLS # : 6771502
- Updated Date : 08/25/2020 at 08:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,728 sqft
- Baths : 3 full
Listing Agent's Description
Spacious 4 Bedroom/ 3 bath split foyer home . Fresh paint throughout. Open floor plan with vaulted ceilings. Large master bedroom with trey ceilings, 2 additional bedrooms on main floor & 1 bedroom & bath on lower level. Fenced in backyard.
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: Morningside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Morningside
* 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 | $1,270 |
| EXPENSES | Loan Payment | -$664 |
| Property Tax | -$195 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$232
|
||
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.
$179,900
PROJECTED PRICE
$1,270
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 6.99% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$53,424
LOAN DETAILS
$664
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $44,975 |
| Loan Amount | $134,925 |
9.5
YEARS SAVED
$28,518
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,270
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$1,287
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
4182 Mistymorn Way Powder Springs, 4
- 4 beds 3 baths ∙ 1,728 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,728 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $1,270
- $0.73
-
3582 Old Thompson Road Austell, 1
- 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1976
LEASED 09/23/19- Rent
- Rent Per SQFT
- $1,075
- $0.77
-
4770 Saddleridge Road Powder Springs, 2
- 3 beds 3 baths ∙ 1,792 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,792 Sqft ∙ Built 1987
LEASED 10/09/19- Rent
- Rent Per SQFT
- $1,206
- $0.67
-
4223 Morningside Way Powder Springs, 3
- 3 beds 3 baths ∙ 1,702 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,702 Sqft ∙ Built 1992
LEASED 12/17/19- Rent
- Rent Per SQFT
- $1,250
- $0.73
-
1006 Pinetree Court Powder Springs, 5
- 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 1987
LEASED 03/16/19- Rent
- Rent Per SQFT
- $1,300
- $0.81
PROPERTY LISTING DETAILS
1.404.886.8789
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6771502
Last Updated: 08/25/2020
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.
