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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $149.48
- 4 Days on Market
- MLS # : 6813236
- Updated Date : 11/28/2020 at 08:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,532 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Beautifully updated charming home in a great location and East Paulding school district! This homes updates includes fresh paint, new hardwood floors in all bedrooms and family room, kitchen has new granite tops and tile backsplash and updated white cabinets, luxury vinyl planks in all bathrooms and new gas logs. This home features family room with fireplace, eat in kitchen with tile floors and easy 1 STEP ENTRY from garage. Master on main with door to your private porch, Master bath with Garden tub and separate shower and walk in closet. Additional half bath on main
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 30132
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30132
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,380 |
EXPENSES | Loan Payment | -$845 |
Property Tax | -$202 | |
Property Insurance | -$57 | |
Property Management Fees | -$119 | |
CASH FLOW
$157
|
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.
$229,000
PROJECTED PRICE
$1,380
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 2.52% |
Appreciation Year (1-5) | 7.9% |
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
$66,435
LOAN DETAILS
$845
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $57,250 |
Loan Amount | $171,750 |
7.75
YEARS SAVED
$26,860
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,380
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,356
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.770.833.1484
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6813236
Last Updated: 11/28/2020

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