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444 Angier Avenue Ne Unit 4 Atlanta, GA 30308

2 Beds 2 Baths 1,200 sqft Built 2020

$424,825

List Price

$3,400

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $354.02
  • 4 Days on Market
  • MLS # : No MLS Number
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,200 sqft
  • Baths : 2 full
Listing Agent

Tobin

Listing Agent's Description

Empire Communities' exciting new Townhome neighborhood in Old Fourth Ward, 4Forty4,only blocks away from the Beltline and Ponce City Market. Under construction, ready in December! The Welkin plan features top floor living with an outdoor entertainment space on the covered loggia, vaulted ceilings up to 14 feet, floor to ceiling windows provide natural light throughout. The gourmet kitchen features a 10 foot island with quartz countertops, perfect for gathering with family and friends. Hardwood stair treads and hard surface flooring throughout the main living spaces. Ready Now! Unit faces Parkway with some great views!

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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)
  • 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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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: Old Fourth Ward

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $103k261k

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

Neighborhood: Old Fourth Ward

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9732272

* 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
John Hope-charles Walter Hill Elementary School Primary Regular 352 28 3
Samuel Martin Inman Middle School Middle Regular 1,001 69 8
Henry W Grady High School High Regular 1,287 96 6

John Hope-charles Walter Hill Elementary School

  • Education Level: Primary
  • # of students: 352
  • # of teachers: 28
3
GreatSchools Rating

Samuel Martin Inman Middle School

  • Education Level: Middle
  • # of students: 1,001
  • # of teachers: 69
8
GreatSchools Rating

Henry W Grady High School

  • Education Level: High
  • # of students: 1,287
  • # of teachers: 96
6
GreatSchools Rating
 

$382,343$467,308$424,825

PURCHASE PRICE

$3,060$3,740$3,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,400
EXPENSES Loan Payment -$1,476
Property Tax -$510
Property Insurance -$50
HOA -$150
Property Management Fees -$306
CASH FLOW
$908

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$424,825

PROJECTED PRICE

$3,400

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 12.7%
Maintenance Year (1-5) 3.00%
Vacancy 7.33%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,079

INVESTMENT

$115,079

Down Payment
$106,206
Rehab Estimate
$2,500
Closing Costs
$6,372

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,206
Loan Amount $318,619
See What Happens When You Reinvest Cash Flow

13.67

YEARS SAVED

$98,585

INTEREST SAVED

CASH FLOW REINVESTMENT

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

Solutions Manager

YOUR SOLUTIONS MANAGER

Please Contact Your Solutions Manager

To review the detailed price and rent comps for this property and answer any questions you may have.

PROPERTY LISTING DETAILS
Mynd
Tobin
BESbswy