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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Overton Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$120,999
LOAN DETAILS
$1,605
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $108,725 |
| Loan Amount | $326,175 |
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
-
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
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6822968
Last Updated: 01/01/2021
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.
