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4212 Osprey Pointe Woodstock, GA 30189

4 Beds 3 Baths 2,797 sqft Built 1989

$385,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $137.65
  • 3 Days on Market
  • MLS # : 6836545
  • Updated Date : 02/06/2021 at 10:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,797 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

The Perfect Ranch with Bonus/4th Bedroom on Upper Level. Desirable Eagle Watch Community! This wonderful home boasts formal living and dining rooms. Spacious kitchen features stainless steel appliances, abundance of cabinetry with custom pull out shelving and walk-in pantry. Kitchen overlooks breakfast room and soaring two story family room with fireplace. Enclosed sunroom nestled off living room, breakfast room and master bedroom opens to patio and private rear yard.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Eagle Watch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k359k

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

Neighborhood: Eagle Watch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9732109

* 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
Bascomb Elementary School Primary Regular 1,038 56 9
E.t. Booth Middle School Middle Regular 1,692 91 8
Etowah High School High Regular 2,411 125 8

Bascomb Elementary School

  • Education Level: Primary
  • # of students: 1,038
  • # of teachers: 56
9
GreatSchools Rating

E.t. Booth Middle School

  • Education Level: Middle
  • # of students: 1,692
  • # of teachers: 91
8
GreatSchools Rating

Etowah High School

  • Education Level: High
  • # of students: 2,411
  • # of teachers: 125
8
GreatSchools Rating
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,337
Property Tax -$314
Property Insurance -$81
HOA -$138
Property Management Fees -$119
CASH FLOW
$110

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.

$385,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.6%
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$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$26,612

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,308

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,1003$2,2004$2,2505$2,600
$2,600
RENT COMPS ANALYSIS
  • 4212 Osprey Pointe Woodstock, GA 2
    • 4 beds 3 baths ∙ 2,797 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,797 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.75
    •  
  • 400 Mirramont Lane Woodstock, GA 1
    • 4 beds 3 baths ∙ 2,480 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,480 Sqft ∙ Built 2001
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.79
    •  
  • 327 Ironhill Trace Woodstock, GA 3
    • 5 beds 3 baths ∙ 2,796 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,796 Sqft ∙ Built 1995
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.79
    •  
  • 802 Satin Wood Place Woodstock, GA 4
    • 5 beds 4 baths ∙ 2,734 Sqft ∙ Built 1995 5 beds 4 baths ∙ 2,734 Sqft ∙ Built 1995
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.82
    •  
  • 2045 Towne Lake Hills W Woodstock, GA 5
    • 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 1994
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.90
    •  
PROPERTY LISTING DETAILS
Joyce Teitelman
1.770.335.2489
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6836545
Last Updated: 02/06/2021
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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