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424 Sir Winston Court Jonesboro, GA 30238

3 Beds 2 Baths 1,472 sqft Built 1986

$154,900

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $105.23
  • 3 Days on Market
  • MLS # : 6808353
  • Updated Date : 11/14/2020 at 15:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,472 sqft
  • Baths : 2 full
Listing Agent's Description

Welcome Home! This charming 3 bedroom/2bath, ranch style home awaits its new owners. The search is over...this home is a must see and won't last long. Schedule a showing today!

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)
  • #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)
  • #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)

PRICE & RENT TRENDS

Zip Code: 30238

ZipNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $81k472k

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

Zip Code: 30238

ZipNIR Market*CityMarket2010Year20002019 Q28001000120014001600180020002200240026002800Rent in $7592828

* 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
Kemp Primary School Primary Regular 731 41 NA
Pointe South Middle School Middle Regular 824 49 3
Mundy's Mill High School High Regular 1,695 82 2

Kemp Primary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 41
NA
GreatSchools Rating

Pointe South Middle School

  • Education Level: Middle
  • # of students: 824
  • # of teachers: 49
3
GreatSchools Rating

Mundy's Mill High School

  • Education Level: High
  • # of students: 1,695
  • # of teachers: 82
2
GreatSchools Rating
 

$139,410$170,390$154,900

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$572
Property Tax -$169
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
$325

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.

$154,900

PROJECTED PRICE

$1,240

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.5%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$46,799

INVESTMENT

$46,799

Down Payment
$38,725
Rehab Estimate
$5,750
Closing Costs
$2,324

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$572

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $38,725
Loan Amount $116,175
See What Happens When You Reinvest Cash Flow

14.25

YEARS SAVED

$41,794

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,233

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$1,0503$1,1454$1,2005$1,240
$1,240
RENT COMPS ANALYSIS
  • 424 Sir Winston Court Jonesboro, GA 5
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.84
    •  
  • 9249 Homewood Drive Riverdale, GA 1
    • 3 beds 2 baths ∙ 1,226 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,226 Sqft ∙ Built 1973
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.86
    •  
  • 8894 Burnham Way Jonesboro, GA 2
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1974
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.78
    •  
  • 9112 Clubhouse Drive Riverdale, GA 3
    • 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 1992
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,145
    • $0.89
    •  
  • 9285 River Chase Way Jonesboro, GA 4
    • 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1983
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.82
    •  
PROPERTY LISTING DETAILS
Lisa Pope
1.770.715.7769
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6808353
Last Updated: 11/14/2020
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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