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450 Tahoma Drive Atlanta, GA 30350

4 Beds 3 Baths 1,872 sqft Built 1984

$434,900

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $232.32
  • 4 Days on Market
  • MLS # : 6822968
  • Updated Date : 01/01/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,872 sqft
  • Baths : 3 full
Listing Agent's Description

Inviting ranch on finished basement in highly regarded Sandy Springs! Welcome to this charming move-in ready home entering through the cheerful sun-colored front door. Entrance foyer leads to natural light filled large dining room and open great room. Kitchen includes stainless steel steel appliances and view to family room. Gracious owners suite features brand new bathroom with walk in frameless spa-like shower, new double vanity, and tile floors. The secondary bedrooms are spacious and can be used as a flex room. Fabulous deck off of living room with space to dine,

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Overton Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $103k519k

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

Neighborhood: Overton Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200Rent in $9733395

* 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
Ison Springs Elementary School Primary Regular 788 52 5
Sandy Springs Charter School Middle Charter 920 69 5
North Springs High School High Charter 1,653 97 7

Ison Springs Elementary School

  • Education Level: Primary
  • # of students: 788
  • # of teachers: 52
5
GreatSchools Rating

Sandy Springs Charter School

  • Education Level: Middle
  • # of students: 920
  • # of teachers: 69
5
GreatSchools Rating

North Springs High School

  • Education Level: High
  • # of students: 1,653
  • # of teachers: 97
7
GreatSchools Rating
 

$391,410$478,390$434,900

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,605
Property Tax -$401
Property Insurance -$63
HOA -$13
Property Management Fees -$119
CASH FLOW
$239

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.

$434,900

PROJECTED PRICE

$2,440

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 3.5%
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

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$120,999

INVESTMENT

$120,999

Down Payment
$108,725
Rehab Estimate
$5,750
Closing Costs
$6,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,725
Loan Amount $326,175
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$45,274

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $2,410

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$2,3503$2,4404$2,5005$2,800
$2,800
RENT COMPS ANALYSIS
  • 450 Tahoma Drive Atlanta, GA 3
    • 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $1.30
    •  
  • 7828 Kiverton Place Atlanta, GA 1
    • 4 beds 4 baths ∙ 1,702 Sqft ∙ Built 2004 4 beds 4 baths ∙ 1,702 Sqft ∙ Built 2004
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.05
    •  
  • 1050 Pitts Road Sandy Springs, GA 2
    • 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1978
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.31
    •  
  • 5593 Glenrich Drive Dunwoody, GA 4
    • 4 beds 3 baths ∙ 1,808 Sqft ∙ Built 1968 4 beds 3 baths ∙ 1,808 Sqft ∙ Built 1968
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.38
    •  
  • 5660 Glenrich Drive Dunwoody, GA 5
    • 3 beds 3 baths ∙ 1,984 Sqft ∙ Built 1971 3 beds 3 baths ∙ 1,984 Sqft ∙ Built 1971
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.41
    •  
PROPERTY LISTING DETAILS
Tamra Wade
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6822968
Last Updated: 01/01/2021
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. © 2017 First Multiple Listing Service, Inc.

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