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4450 Wilkerson Place Se Smyrna, GA 30082

5 Beds 3 Baths 2,843 sqft Built 2010

$429,900

List Price

$2,790

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $151.21
  • 4 Days on Market
  • MLS # : 6846157
  • Updated Date : 02/27/2021 at 10:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,843 sqft
  • Baths : 3 full
Listing Agent's Description

Stunning model home in the popular Woodbridge Crossing neighborhood with UPGRADES throughout. This 5 bedroom, 3 bathroom Craftsman style home with a welcoming porch has so much CURB APPEAL. TEN-FOOT CEILINGS & UNIQUE,WIDE-PLANK WOOD FLOORS make it a show stopper when you walk through the door. The graceful, comforting flow feels both cozy & formal and will suit any style. LARGE KITCHEN has everything a home chef wants with stainless steel appliances, abundant, custom cabinets with pull-out shelves, a generous island and walk-in pantry. PLANTATION SHUTTERS THROUGHOUT.

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)
  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Smyrna

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $103k278k

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

Neighborhood: Smyrna

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9732842

* 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
 

$386,910$472,890$429,900

PURCHASE PRICE

$2,511$3,069$2,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,790
EXPENSES Loan Payment -$1,493
Property Tax -$458
Property Insurance -$82
HOA -$210
Property Management Fees -$119
CASH FLOW
$428

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.

$429,900

PROJECTED PRICE

$2,790

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,493

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$52,330

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,790

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,751

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,7503$2,7904$2,8505$2,950
$2,950
RENT COMPS ANALYSIS
  • 4450 Wilkerson Place Se Smyrna, GA 3
    • 5 beds 3 baths ∙ 2,843 Sqft ∙ Built 2010 5 beds 3 baths ∙ 2,843 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $0.98
    •  
  • 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 2
    • 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
Beth Bailey Hawkins
1.310.962.2282
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6846157
Last Updated: 02/27/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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