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4302 Northridge Trail Ellenwood, GA 30294

4 Beds 3 Baths 1,740 sqft Built 1999

$273,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $156.90
  • 15 Days on Market
  • MLS # : 6913325
  • Updated Date : 07/13/2021 at 13:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,740 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Come call this beautiful 4 bedroom 2.5 bath your new home! HVAC is less than 5 years old, Roof is less than 7 years old and as you can see the home is gorgeous. Yes this home has all the formals: family room, which is open to the kitchen and so much more, living room, eat-in-kitchen with a bay window, as well as a formal dining room. The home features a Master bedroom with a large sitting area, junior suite or man cave and very large secondary bedrooms. Bathroom features separate vanity area from the toilet and bath. The yard is perfect for children playing and family e

SEE MORE

MARKET HIGHLIGHTS

  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 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)
  • 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: 30294

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Zip Code: 30294

ZipNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171509

* 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
Anderson Elementary School Primary Regular 542 37 3
Adamson Middle School Middle Regular 600 40 5
Morrow High School High Regular 1,830 83 3

Anderson Elementary School

  • Education Level: Primary
  • # of students: 542
  • # of teachers: 37
3
GreatSchools Rating

Adamson Middle School

  • Education Level: Middle
  • # of students: 600
  • # of teachers: 40
5
GreatSchools Rating

Morrow High School

  • Education Level: High
  • # of students: 1,830
  • # of teachers: 83
3
GreatSchools Rating
 

$245,700$300,300$273,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$948
Property Tax -$293
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
-$101

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.

$273,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 9.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,095

INVESTMENT

$78,095

Down Payment
$68,250
Rehab Estimate
$5,750
Closing Costs
$4,095

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$948

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,250
Loan Amount $204,750
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$3,294

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,282

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,199
1$1,1992$1,3203$1,4504$1,525
$1,525
RENT COMPS ANALYSIS
  • 4302 Northridge Trail Ellenwood, GA 2
    • 4 beds 3 baths ∙ 1,740 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,740 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.76
    •  
  • 2694 Ward Lake Court Ellenwood, GA 1
    • 3 beds 3 baths ∙ 1,685 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,685 Sqft ∙ Built 2000
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $0.71
    •  
  • 4260 Boulder Pointe Drive Ellenwood, GA 3
    • 3 beds 3 baths ∙ 1,983 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,983 Sqft ∙ Built 1996
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.73
    •  
  • 2399 Brookgate Way Ellenwood, GA 4
    • 4 beds 3 baths ∙ 1,971 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,971 Sqft ∙ Built 2004
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.77
    •  
PROPERTY LISTING DETAILS
Dana Lyons
1.404.552.3786
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6913325
Last Updated: 07/13/2021
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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