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437 Mountain Park Trail Stone Mountain, GA 30087

3 Beds 2 Baths 1,781 sqft Built 1968

$199,500

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $112.02
  • 4 Days on Market
  • MLS # : 6828139
  • Updated Date : 01/15/2021 at 11:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,781 sqft
  • Baths : 2 full
Listing Agent's Description

Your private sanctuary awaits! 3BR/2BA mid-century modern nestled on a 1+ acre private lot, tucked away on a quiet cul-de-sac street bordering Stone Mountain Park. Tastefully updated and move-in ready, this solid four-sided brick boasts newly refinished wood floors, spacious rooms, light-filled windows & a massive basement, primed and ready to be transformed to your liking. Updated eat-in kitchen (w/granite counters, ss appliances & island w/hood) opens to a cozy family room with wood-burning fireplace.

SEE MORE

MARKET HIGHLIGHTS

  • #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).
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 World’s Busiest Airport(Airports Council International, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Zip Code: 30087

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $89k209k

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

Zip Code: 30087

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9081650

* 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
Pine Ridge Elementary School Primary Regular 630 38 3
Stephenson Middle School Middle Regular 1,006 58 4
Stephenson High School High Regular 1,599 84 4

Pine Ridge Elementary School

  • Education Level: Primary
  • # of students: 630
  • # of teachers: 38
3
GreatSchools Rating

Stephenson Middle School

  • Education Level: Middle
  • # of students: 1,006
  • # of teachers: 58
4
GreatSchools Rating

Stephenson High School

  • Education Level: High
  • # of students: 1,599
  • # of teachers: 84
4
GreatSchools Rating
 

$179,550$219,450$199,500

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$693
Property Tax -$290
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
$176

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.

$199,500

PROJECTED PRICE

$1,340

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,618

INVESTMENT

$58,618

Down Payment
$49,875
Rehab Estimate
$5,750
Closing Costs
$2,993

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$693

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,875
Loan Amount $149,625
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$21,233

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,282

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,340
1$1,3402$1,3653$1,4274$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 437 Mountain Park Trail Stone Mountain, GA 1
    • 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.75
    •  
  • 5802 Oakleaf Drive Stone Mountain, GA 2
    • 3 beds 3 baths ∙ 1,918 Sqft ∙ Built 1971 3 beds 3 baths ∙ 1,918 Sqft ∙ Built 1971
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,365
    • $0.71
    •  
  • 5644 Rodney Court Stone Mountain, GA 3
    • 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 1986
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,427
    • $0.70
    •  
  • 1078 New Gibraltar Square Stone Mountain, GA 4
    • 3 beds 3 baths ∙ 1,991 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,991 Sqft ∙ Built 1986
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.73
    •  
  • 661 Allana Court Stone Mountain, GA 5
    • 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 1985
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.74
    •  
PROPERTY LISTING DETAILS
Derek Wood
1.678.595.5427
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6828139
Last Updated: 01/15/2021
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. © 2017 First Multiple Listing Service, Inc.

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