Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

426 Coolsprings Trail Woodstock, GA 30188

3 Beds 3 Baths 2,690 sqft Built 1993

$395,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $146.84
  • 3 Days on Market
  • MLS # : 6829535
  • Updated Date : 02/06/2021 at 17:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,690 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautifully updated home! All updates have been done in the past 2 years. New kitchen with quartz counter tops, farm house sink, Maytag ss appliances with 10 year warrenty ,stove has confection oven with warming drawer. New siding, windows, garage doors all new exterior doors, fixtures, all new master bath, hardwood floors throughout main floor on the steps and landing up stairs, carpet in the bedrooms. New front porch and back deck. New hvac on main in 11/2020 with 10 year warranty the upstairs still has a 5 year warranty. Too much to list. Owner/ Agent

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: Spring Field Place

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Spring Field Place

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
Johnston Elementary School Primary Regular 584 36 7
Mill Creek Middle School Middle Regular 1,284 72 7
River Ridge High School High Regular 1,601 88 8

Johnston Elementary School

  • Education Level: Primary
  • # of students: 584
  • # of teachers: 36
7
GreatSchools Rating

Mill Creek Middle School

  • Education Level: Middle
  • # of students: 1,284
  • # of teachers: 72
7
GreatSchools Rating

River Ridge High School

  • Education Level: High
  • # of students: 1,601
  • # of teachers: 88
8
GreatSchools Rating
 

$355,500$434,500$395,000

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 -$1,372
Property Tax -$322
Property Insurance -$79
HOA -$29
Property Management Fees -$119
CASH FLOW
-$121

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.

$395,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.46%

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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$11,328

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
  • $0.67

    LIST RENT PER SQFT
  • $1,964

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,9504$2,100
$2,100
RENT COMPS ANALYSIS
  • 426 Coolsprings Trail Woodstock, GA 1
    • 3 beds 3 baths ∙ 2,690 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,690 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.67
    •  
  • 116 Caracas Drive Woodstock, GA 2
    • 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 1988
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.75
    •  
  • 156 Bradshaw Park Drive Woodstock, GA 3
    • 4 beds 4 baths ∙ 2,776 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,776 Sqft ∙ Built 2005
    property image
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.70
    •  
  • 115 Woodview Court Woodstock, GA 4
    • 4 beds 3 baths ∙ 2,840 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,840 Sqft ∙ Built 2002
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.74
    •  
PROPERTY LISTING DETAILS
Sherri Blalock
1.678.524.1787
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6829535
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.

BESbswy