Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4412 Felix Way Smyrna, GA 30082

4 Beds 4 Baths 2,758 sqft Built 2010

$410,000

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $148.66
  • 5 Days on Market
  • MLS # : 6807690
  • Updated Date : 11/12/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,758 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Sought after Woodbridge Crossing located in central Smyrna nestled along professionally landscaped corridors. Open floor plan features hardwood floors on main, granite countertops, stainless steel appliances, separate dining room or flex space, outdoor living space with private patio and fenced in yard/gardening area. Spacious owner's suite includes tray ceiling, large walk-in closet, spa-like bath with dual vanities, tiled shower with framed glass and garden tub. All secondary bedrooms are spacious well separated from owner's suite. Garage has ample room for storage.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Woodbridge Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $113k423k

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

Neighborhood: Woodbridge Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9732964

* 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
Nickajack Elementary School Primary Regular 1,126 75 7
Griffin Middle School Middle Regular 1,196 70 5
Campbell High School High Regular 2,509 135 5

Nickajack Elementary School

  • Education Level: Primary
  • # of students: 1,126
  • # of teachers: 75
7
GreatSchools Rating

Griffin Middle School

  • Education Level: Middle
  • # of students: 1,196
  • # of teachers: 70
5
GreatSchools Rating

Campbell High School

  • Education Level: High
  • # of students: 2,509
  • # of teachers: 135
5
GreatSchools Rating
 

$369,000$451,000$410,000

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$1,513
Property Tax -$416
Property Insurance -$80
HOA -$210
Property Management Fees -$119
CASH FLOW
$332

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.

$410,000

PROJECTED PRICE

$2,670

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 4.1%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,513

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$55,049

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,670

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,668

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,6703$2,7504$2,8505$2,950
$2,950
RENT COMPS ANALYSIS
  • 4412 Felix Way Smyrna, GA 2
    • 4 beds 4 baths ∙ 2,758 Sqft ∙ Built 2010 4 beds 4 baths ∙ 2,758 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $0.97
    •  
  • 4221 Hardy Avenue Smyrna, GA 1
    • 4 beds 3 baths ∙ 2,626 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,626 Sqft ∙ Built 2011
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.01
    •  
  • 1120 Parkland Run Se Smyrna, GA 3
    • 4 beds 3 baths ∙ 3,075 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,075 Sqft ∙ Built 1998
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.89
    •  
  • 4253 Hardy Avenue Smyrna, GA 4
    • 4 beds 4 baths ∙ 2,799 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,799 Sqft ∙ Built 2012
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.02
    •  
  • 4831 Edinburgh Drive Smyrna, GA 5
    • 5 beds 3 baths ∙ 3,104 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,104 Sqft ∙ Built 2002
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.95
    •  
PROPERTY LISTING DETAILS
Linde Moore
1.404.819.1566
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6807690
Last Updated: 11/12/2020
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.

BESbswy