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4339 Riverwood Circle Decatur, GA 30035

3 Beds 2 Baths 1,828 sqft Built 1968

INVESTimate

$245,000

List Price

$1,300

$1,170 - $1,430

Rent Est.

$257,299  ( +5.02%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1968
  • Price/Sqft : $134.03
  • 77 Days on Market
  • MLS # : 6738348
  • Updated Date : 08/19/2020 at 14:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,828 sqft
  • Baths : 2 full
Listing Agent's Description

This is the best ranch home you will find in Decatur, completely renovated. Original hardwood floors refinished, new stove, refrigerator and marble counter tops. Master bedroom with large bath and walk-in closet. Large great room for entertaining friends and family. Phone calls or email only. No text messages.

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

Zip Code: 30035

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $75k209k

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

Zip Code: 30035

ZipNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8021509

* 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
Canby Lane Elementary School Primary Regular 662 40 3
Mary Mcleod Bethune Middle School Middle Regular 902 53 3
Towers High School High Regular 1,001 64 2

Canby Lane Elementary School

  • Education Level: Primary
  • # of students: 662
  • # of teachers: 40
3
GreatSchools Rating

Mary Mcleod Bethune Middle School

  • Education Level: Middle
  • # of students: 902
  • # of teachers: 53
3
GreatSchools Rating

Towers High School

  • Education Level: High
  • # of students: 1,001
  • # of teachers: 64
2
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$904
Property Tax -$353
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
-$139

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.

$245,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 5.02%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,651

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,408

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,3003$1,5004$1,5505$1,595
$1,595
RENT COMPS ANALYSIS
  • 4339 Riverwood Circle Decatur, 2
    • 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.71
    •  
  • 4042 Green Hawk Trail Decatur, 1
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1968
    LEASED 02/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.72
    •  
  • 4166 Emerald Lake Drive Decatur, 3
    • 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 1967 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 1967
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.77
    •  
  • 3938 Emerald Springs Court Decatur, 4
    • 4 beds 3 baths ∙ 1,985 Sqft ∙ Built 1972 4 beds 3 baths ∙ 1,985 Sqft ∙ Built 1972
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.78
    •  
  • 1939 Copperfield Circle Decatur, 5
    • 4 beds 3 baths ∙ 1,974 Sqft ∙ Built 1969 4 beds 3 baths ∙ 1,974 Sqft ∙ Built 1969
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.81
    •  
PROPERTY LISTING DETAILS
Willie Burks
1.404.791.2295
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6738348
Last Updated: 08/19/2020
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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