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4620 Wieuca Road Ne #63 Atlanta, GA 30342

3 Beds 3 Baths 1,944 sqft Built 1971

$375,000

List Price

$2,880

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 1971
  • Price/Sqft : $192.90
  • 6 Days on Market
  • MLS # : 6801507
  • Updated Date : 11/02/2020 at 21:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,944 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Welcome home! Well maintained and updated townhome in popular Wieuca at Roswell neighborhood. This property is in one of the best locations within the community - very quiet setting and backs up to green space. Main level has updated kitchen with granite counters and recessed lighting, spacious living room with fireplace, separate dining room plus additional sitting room or den. French doors lead to private fenced patio. Upper level has three bedrooms, primary bedroom with en-suite bathroom with new tile and vanity and walk-in closet.

SEE MORE

MARKET HIGHLIGHTS

  • #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: North Buckhead

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $113k560k

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

Neighborhood: North Buckhead

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000150020002500300035004000Rent in $9734234

* 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
Sarah Rawson Smith Primary School Primary Regular 1,115 73 6
Willis A. Sutton Middle School Middle Regular 1,448 93 6
North Atlanta High School High Regular 1,657 102 6

Sarah Rawson Smith Primary School

  • Education Level: Primary
  • # of students: 1,115
  • # of teachers: 73
6
GreatSchools Rating

Willis A. Sutton Middle School

  • Education Level: Middle
  • # of students: 1,448
  • # of teachers: 93
6
GreatSchools Rating

North Atlanta High School

  • Education Level: High
  • # of students: 1,657
  • # of teachers: 102
6
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$2,592$3,168$2,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,880
EXPENSES Loan Payment -$1,384
Property Tax -$444
Property Insurance -$65
HOA -$355
Property Management Fees -$119
CASH FLOW
$514

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$375,000

PROJECTED PRICE

$2,880

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.18%
Appreciation Year (1-5) 3.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.74%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

10.75

YEARS SAVED

$71,472

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,880

    LIST RENT
  • $1.48

    LIST RENT PER SQFT
  • $2,877

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,7503$2,8804$2,9905$3,000
$3,000
RENT COMPS ANALYSIS
  • 4620 Wieuca Road Ne Atlanta, GA 3
    • 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 1971 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,880
    • $1.48
    •  
  • 4004 Sheldon Drive Ne Atlanta, GA 1
    • 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1954
    property image
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.35
    •  
  • 388 Lakemoore Drive Ne Atlanta, GA 2
    • 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 1954 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 1954
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.56
    •  
  • 4690 Huntley Drive Atlanta, GA 4
    • 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 1961 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 1961
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $1.46
    •  
  • 175 Le Brun Road Ne Atlanta, GA 5
    • 3 beds 2 baths ∙ 1,940 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,940 Sqft ∙ Built 1957
    property image
    LEASED 07/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.55
    •  
PROPERTY LISTING DETAILS
Samantha Ellis
1.404.295.2050
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6801507
Last Updated: 11/02/2020
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. © 2017 First Multiple Listing Service, Inc.

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