Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4552 Sunflower Drive Douglasville, GA 30135

3 Beds 2 Baths 1,350 sqft Built 1979

$220,000

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $162.96
  • 4 Days on Market
  • MLS # : 6832608
  • Updated Date : 01/29/2021 at 09:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,350 sqft
  • Baths : 2 full
Listing Agent's Description

Welcome home! This well maintained and recently renovated raised ranch is exactly what you have been looking for! Walking into the front door to an open concept living area that leads to a beautiful kitchen with tile floors and backsplash. Upstairs you will find a large master bedroom and two large secondary bedrooms. Both baths have tile throughout. The spacious backyard gives you all the privacy you need. Sellers have done major improvements to the home such as new septic system, newer roof/gutters as well as newer HVAC. Turn key and awaiting its new owners!

SEE MORE

MARKET HIGHLIGHTS

  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 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)
  • Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
  • 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 World’s Busiest Airport(Airports Council International, 2018)

PRICE & RENT TRENDS

Neighborhood: Chapel Hill Estates

NeighborhoodNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $73k209k

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

Neighborhood: Chapel Hill Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8451509

* 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
Chapel Hill Elementary School Primary Regular 709 43 7
Chapel Hill Middle School Middle Regular 1,105 59 8
New Manchester High School High Regular 1,680 95 4

Chapel Hill Elementary School

  • Education Level: Primary
  • # of students: 709
  • # of teachers: 43
7
GreatSchools Rating

Chapel Hill Middle School

  • Education Level: Middle
  • # of students: 1,105
  • # of teachers: 59
8
GreatSchools Rating

New Manchester High School

  • Education Level: High
  • # of students: 1,680
  • # of teachers: 95
4
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$764
Property Tax -$201
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
$103

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.

$220,000

PROJECTED PRICE

$1,240

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.8%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$17,345

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,139

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,240
1$1,2402$1,3003$1,3154$1,350
$1,350
RENT COMPS ANALYSIS
  • 4552 Sunflower Drive Douglasville, GA 1
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.92
    •  
  • 4900 Old Briar Trail Douglasville, GA 2
    • 4 beds 2 baths ∙ 1,492 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,492 Sqft ∙ Built 1974
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.87
    •  
  • 3765 Willow Ridge Road Douglasville, GA 3
    • 3 beds 2 baths ∙ 1,526 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,526 Sqft ∙ Built 1988
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,315
    • $0.86
    •  
  • 4201 Willow Ridge Road Douglasville, GA 4
    • 4 beds 2 baths ∙ 1,687 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,687 Sqft ∙ Built 1977
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.80
    •  
PROPERTY LISTING DETAILS
Cody Layman
1.770.401.5597
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6832608
Last Updated: 01/29/2021
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.

BESbswy