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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $121.95
- 2 Days on Market
- MLS # : 6842763
- Updated Date : 02/20/2021 at 21:59
CONSTRUCTION
- Beds : 4
- Floor Size : 2,706 sqft
- Baths : 2 full , 2 half
Listing Agent's Description
Beautiful home located in the desirable town of Jonesboro! Enjoy easy living in this home which features hardwood flooring, spacious bedrooms, eat-in kitchen, beautiful primary en-suite, and much more. Entertain in your private backyard with a large deck or migrate down to your finished basement. Local amenities to restaurants, schools, and I-75 is only 3 miles away. Don't forget to have a look at the 3D virtual tour for this home as well!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Longwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Longwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,146 |
| Property Tax | -$398 | |
| Property Insurance | -$79 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$108
|
||
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.
$330,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 7.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| 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
$93,200
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
5.58
YEARS SAVED
$20,346
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$1,718
COMP ESTIMATED VALUE -
$0.64
COMP AVG. RENT PER SQFT
Comps Range
-
440 Longwood Court Jonesboro, GA 3
- 4 beds 4 baths ∙ 2,706 Sqft ∙ Built 1993 4 beds 4 baths ∙ 2,706 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $1,850
- $0.68
-
2532 Carnes Road Jonesboro, GA 1
- 3 beds 3 baths ∙ 2,356 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,356 Sqft ∙ Built 2004
LEASED 10/06/20- Rent
- Rent Per SQFT
- $1,600
- $0.68
-
240 Longwood Drive Jonesboro, GA 2
- 4 beds 3 baths ∙ 2,781 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,781 Sqft ∙ Built 1992
LEASED 10/18/19- Rent
- Rent Per SQFT
- $1,649
- $0.59
PROPERTY LISTING DETAILS
1.770.726.4977
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6842763
Last Updated: 02/20/2021
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.
