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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $133.88
- 7 Days on Market
- MLS # : 6809484
- Updated Date : 11/17/2020 at 08:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,240 sqft
- Baths : 2 full
Listing Agent's Description
Are you looking to downsize to an open concept ranch plan, in a wonderful community? Your search is over. This is the perfect home for you. The low monthly fees include lawn maintenance and swim/tennis. All this home needs is you to make it your own. It has new carpet, a great custom built in pantry, updated appliances and a front and rear covered porch to sit and enjoy morning coffee or a much needed glass of wine. Schedule your appointment today and you won't be disappointed. Some handicap features include ramps from garage and front door and grab bars in master bath.
SEE MORE
- 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)
- 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)
- As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
- #1 Most affordable big city (WalletHub, 2018)
PRICE & RENT TRENDS
Neighborhood: Cornerstone Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cornerstone Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,800 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$217 | |
| Property Insurance | -$70 | |
| HOA | -$110 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$177
|
||
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.
$299,900
PROJECTED PRICE
$1,800
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 8.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$85,224
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
7.67
YEARS SAVED
$35,104
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 -
$0.8
LIST RENT PER SQFT
-
$1,915
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
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436 Parkstone Drive Woodstock, GA 1
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177 Weatherstone Drive Woodstock, GA 2
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LEASED 05/01/20- Rent
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- $1,950
- $0.83
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508 Papillion Trace Woodstock, GA 3
- 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 2005
LEASED 04/15/20- Rent
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- $1,980
- $0.83
-
207 Revillion Way Woodstock, GA 4
- 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2004
LEASED 07/27/20- Rent
- Rent Per SQFT
- $2,000
- $0.85
-
500 Papillion Trace Woodstock, GA 5
- 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 2005
LEASED 07/06/20- Rent
- Rent Per SQFT
- $2,150
- $0.91
PROPERTY LISTING DETAILS
1.404.660.3574
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6809484
Last Updated: 11/17/2020
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.
