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4513 Karron Lane Powder Springs, GA 30127

3 Beds 2 Baths 2,426 sqft Built 1991

$256,988

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $105.93
  • 3 Days on Market
  • MLS # : 6836835
  • Updated Date : 02/06/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,426 sqft
  • Baths : 2 full
Listing Agent's Description

This classic ranch floor plan is located near the end of a quiet street. Custom built by the owner. Spacious living room with vaulted ceiling and stone fire place. Large kitchen w/Island and stained wood cabinets, newer appliances. Sep. DiningRM. Walk In pantry. Large laundry room with a sink.3BR and 2FBATH.Fenced cozy backyard W/ detached storage building and shed. Large rear deck W/ ramp access. Entire property is Meticulously maintained.Roof is 10 YRS and HVAC is less than 4 YRS old. A great price in an established neighborhood.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Pine Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210kPrice in $98k216k

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

Neighborhood: Pine Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q295010001050110011501200125013001350140014501500Rent in $9371509

* 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
Hendricks Elementary School Primary Unknown 534 41 4
Cooper Middle School Middle Regular 899 53 8
Mceachern High School High Regular 2,239 122 6

Hendricks Elementary School

  • Education Level: Primary
  • # of students: 534
  • # of teachers: 41
4
GreatSchools Rating

Cooper Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 53
8
GreatSchools Rating

Mceachern High School

  • Education Level: High
  • # of students: 2,239
  • # of teachers: 122
6
GreatSchools Rating
 

$231,289$282,687$256,988

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$893
Property Tax -$279
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
$326

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.

$256,988

PROJECTED PRICE

$1,690

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.0%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,852

INVESTMENT

$73,852

Down Payment
$64,247
Rehab Estimate
$5,750
Closing Costs
$3,855

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$893

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,247
Loan Amount $192,741
See What Happens When You Reinvest Cash Flow

10.5

YEARS SAVED

$40,666

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,729

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4503$1,6704$1,6905$1,935
$1,935
RENT COMPS ANALYSIS
  • 4513 Karron Lane Powder Springs, GA 4
    • 3 beds 2 baths ∙ 2,426 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,426 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.70
    •  
  • 4631 Seward Road Powder Springs, GA 1
    • 4 beds 3 baths ∙ 2,087 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,087 Sqft ∙ Built 1971
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.67
    •  
  • 5382 Springbrook Lane Powder Springs, GA 2
    • 4 beds 3 baths ∙ 2,152 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,152 Sqft ∙ Built 1995
    LEASED 11/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.67
    •  
  • 5191 Memorial Lane Powder Springs, GA 3
    • 3 beds 2 baths ∙ 2,243 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,243 Sqft ∙ Built 2001
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.74
    •  
  • 5257 Miranda Way Powder Springs, GA 5
    • 3 beds 3 baths ∙ 2,524 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,524 Sqft ∙ Built 2001
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,935
    • $0.77
    •  
PROPERTY LISTING DETAILS
Jingtao Earwood
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6836835
Last Updated: 02/06/2021
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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