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4312 Savannah Trail Atlanta, GA 30349

5 Beds 3 Baths 2,767 sqft Built 2005

INVESTimate

$275,000

List Price

$1,750

$1,575 - $1,925

Rent Est.

$300,108  ( +9.13%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $99.39
  • 7 Days on Market
  • MLS # : 6770091
  • Updated Date : 08/21/2020 at 08:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,767 sqft
  • Baths : 3 full
Listing Agent's Description

This GORGEOUS 5 brd 3 ba 2 level family home won't last long!!! SAUGHT IN THE HEART OF ATLANTA and beautiful custom finishes including glossy hardwood flooring, open kitchen overlooking dining and family room, oak wood cabinets, black appliances and upgraded beautiful backsplash design! This home also features a front porch patio, fireplace, double vanity, walk-in closets, 2nd level balcony accessing the master bedroom and more! MINUTES from downtown ATL, Mercedes Benz Stadium, GA Aquarium, and local shops/ restaurants. COME SEE THIS BEAUTY TODAY!

SEE MORE

MARKET HIGHLIGHTS

  • #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: East Point

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $72k235k

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

Neighborhood: East Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7241714

* 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
Seaborn Lee Elementary School Primary Regular 497 32 4
Camp Creek Middle School Middle Regular 738 59 2
Westlake High School High Regular 2,023 116 6

Seaborn Lee Elementary School

  • Education Level: Primary
  • # of students: 497
  • # of teachers: 32
4
GreatSchools Rating

Camp Creek Middle School

  • Education Level: Middle
  • # of students: 738
  • # of teachers: 59
2
GreatSchools Rating

Westlake High School

  • Education Level: High
  • # of students: 2,023
  • # of teachers: 116
6
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,015
Property Tax -$217
Property Insurance -$81
Property Management Fees -$119
CASH FLOW
$318

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.

$275,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 9.13%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$42,870

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $1,854

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,750
$1,750
RENT COMPS ANALYSIS
  • 4312 Savannah Trail Atlanta, 2
    • 5 beds 3 baths ∙ 2,767 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,767 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.63
    •  
  • 4370 Savannah Drive Atlanta, 1
    • 5 beds 3 baths ∙ 2,622 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,622 Sqft ∙ Built 2005
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.67
    •  
PROPERTY LISTING DETAILS
Juel Mcghee
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6770091
Last Updated: 08/21/2020
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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