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PROPERTY INFO
FACTS
- Single Family
- Built In 1967
- Price/Sqft : $143.78
- 3 Days on Market
- MLS # : 6820414
- Updated Date : 12/19/2020 at 17:17
CONSTRUCTION
- Beds : 3
- Floor Size : 1,391 sqft
- Baths : 2 full
Listing Agent's Description
Well maintained four sided brick ranch on a beautiful lot. This is a great ranch home on a peaceful street in the Bradley Acres neighborhood. The seller has done a great job maintaining this home. Gorgeous blooms from the Azaleas, Magnolias and Japanese Maples in the spring and summer. Large fenced in back yard would be perfect for a fire pit, grill and entertaining. Spacious basement gives tons of room for storage and an ideal place for a workshop or craft room. Freshly painted inside and out. Hardwood floors. Ranch homes in this area go quickly.
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Neighborhood: Bradley Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bradley Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,300 |
| EXPENSES | Loan Payment | -$738 |
| Property Tax | -$177 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$212
|
||
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.
$200,000
PROJECTED PRICE
$1,300
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 5.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| 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
$58,750
LOAN DETAILS
$738
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $50,000 |
| Loan Amount | $150,000 |
10.33
YEARS SAVED
$35,262
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,300
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,189
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
4558 Woodward Road Sw Mableton, GA 2
- 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1967
- Rent
- Rent Per SQFT
- $1,300
- $0.93
-
5168 Mable Lake Drive Sw Mableton, GA 1
- 4 beds 2 baths ∙ 1,380 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,380 Sqft ∙ Built 1958
LEASED 09/13/19- Rent
- Rent Per SQFT
- $1,200
- $0.87
-
520 Shannon Green Circle Mableton, GA 3
- 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1974
LEASED 07/12/20- Rent
- Rent Per SQFT
- $1,400
- $0.84
PROPERTY LISTING DETAILS
1.000.000.0000
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6820414
Last Updated: 12/19/2020
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.
