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455 Plantation Court 
Stockbridge, GA
30281
4 Beds 3 Baths 1,716 sqft
Built 1997
INVESTimate
$180,000
List Price
$53,450
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PROPERTY INFO
FACTS
- Built In 1997
- Price/Sqft : $104.90
- 3 Days on Market
- MLS # : 6771644
- Updated Date : 08/25/2020 at 10:03
CONSTRUCTION
- Beds : 4
- Floor Size : 1,716 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Click the Virtual Tour link to view the 3D Matterport walkthrough. Clean and move in ready, this residence checks all the boxes. Enjoy a Master retreat with separate tub and shower and double vanity sinks. Neutral interior paint tones and spacious bedrooms are peaceful private retreats. The deck in the backyard is perfectly suited for any summer day. This property is turnkey.
SEE MORE
- #1 Most affordable big city (WalletHub, 2018)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- #1 Moving Destination in the Nation (Penske, 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)
- As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Plantation Walk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Plantation Walk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,410 |
| EXPENSES | Loan Payment | -$664 |
| Property Tax | -$207 | |
| Property Insurance | -$60 | |
| HOA | -$42 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$318
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.
$180,000
PROJECTED PRICE
$1,410
PROJECTED RENT
0.78%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 8.57% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$53,450
LOAN DETAILS
$664
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $45,000 |
| Loan Amount | $135,000 |
11.42
YEARS SAVED
$37,237
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,410
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,381
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
455 Plantation Court Stockbridge, 2
- 4 beds 3 baths ∙ 1,716 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,716 Sqft ∙ Built 1997
![property image]()
- Rent
- Rent Per SQFT
- $1,410
- $0.82
-
112 Eagles Crest Lane Mcdonough, 1
- 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 1994
![property image]()
LEASED 02/05/20- Rent
- Rent Per SQFT
- $1,285
- $0.80
-
16 Jodeco Station Drive Stockbridge, 3
- 3 beds 3 baths ∙ 1,994 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,994 Sqft ∙ Built 1993
![property image]()
LEASED 03/25/19- Rent
- Rent Per SQFT
- $1,625
- $0.81
PROPERTY LISTING DETAILS
1.678.846.6258
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6771644
Last Updated: 08/25/2020
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.
