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4632 E Glen Ridge Circle Winston, GA 30187

3 Beds 2 Baths 1,556 sqft Built 1975

$179,900

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1975
  • Price/Sqft : $115.62
  • 2 Days on Market
  • MLS # : 6802680
  • Updated Date : 11/02/2020 at 23:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,556 sqft
  • Baths : 2 full
Listing Agent's Description

You are going to love this open floor plan ranch home that has been fully renovated and updated! 3 br/ 2 ba, updated kitchen and bathrooms with new interior and exterior paint! Your amazing sun room will be perfect for your evening chats and your back yard is perfect for your children to play safe! Come see this beauty today!

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: Glen Ridge

NeighborhoodNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $77k209k

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

Neighborhood: Glen Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290095010001050110011501200125013001350140014501500Rent in $8541509

* 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
Bill Arp Elementary School Primary Regular 628 37 5
Fairplay Middle School Middle Regular 530 30 7
Alexander High School High Regular 1,729 96 7

Bill Arp Elementary School

  • Education Level: Primary
  • # of students: 628
  • # of teachers: 37
5
GreatSchools Rating

Fairplay Middle School

  • Education Level: Middle
  • # of students: 530
  • # of teachers: 30
7
GreatSchools Rating

Alexander High School

  • Education Level: High
  • # of students: 1,729
  • # of teachers: 96
7
GreatSchools Rating
 

$161,910$197,890$179,900

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$664
Property Tax -$164
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
$176

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.

$179,900

PROJECTED PRICE

$1,180

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 9.0%
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$100k$200k$300k$400k$500k$600k$700k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,424

INVESTMENT

$53,424

Down Payment
$44,975
Rehab Estimate
$5,750
Closing Costs
$2,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$664

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,975
Loan Amount $134,925
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$26,830

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,284

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,1803$1,2904$1,3005$1,350
$1,350
RENT COMPS ANALYSIS
  • 4632 E Glen Ridge Circle Winston, GA 2
    • 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $0.76
    •  
  • 7152 Banks Mill Road Douglasville, GA 1
    • 3 beds 2 baths ∙ 1,491 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,491 Sqft ∙ Built 1972
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.77
    •  
  • 6814 Laurel View Court Douglasville, GA 3
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1976
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.91
    •  
  • 4609 E Glen Ridge Circle Winston, GA 4
    • 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 1976
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.83
    •  
  • 4681 E Glen Ridge Circle Winston, GA 5
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1974
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.79
    •  
PROPERTY LISTING DETAILS
Rusty Cole
1.770.882.9069
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6802680
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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