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4651 Garden Hills Drive Stone Mountain, GA 30083

4 Beds 2 Baths 1,342 sqft Built 1983

$182,000

List Price

$1,110

$999 - $1.2K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $135.62
  • 4 Days on Market
  • MLS # : 6836402
  • Updated Date : 02/05/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,342 sqft
  • Baths : 2 full
Listing Agent's Description

This home has 4 beds and 2 baths, really fair condition. It is hard to find another house with this price. Hurry up before it is gone.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 30083

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $80k209k

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

Zip Code: 30083

ZipNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171509

* 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
Allgood Elementary School Primary Regular 647 41 4
Freedom Middle School Middle Regular 1,240 71 4
Clarkston High School High Regular 1,544 103 4

Allgood Elementary School

  • Education Level: Primary
  • # of students: 647
  • # of teachers: 41
4
GreatSchools Rating

Freedom Middle School

  • Education Level: Middle
  • # of students: 1,240
  • # of teachers: 71
4
GreatSchools Rating

Clarkston High School

  • Education Level: High
  • # of students: 1,544
  • # of teachers: 103
4
GreatSchools Rating
 

$163,800$200,200$182,000

PURCHASE PRICE

$999$1,221$1,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,110
EXPENSES Loan Payment -$632
Property Tax -$265
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
$41

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.

$182,000

PROJECTED PRICE

$1,110

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 9.0%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$53,980

INVESTMENT

$53,980

Down Payment
$45,500
Rehab Estimate
$5,750
Closing Costs
$2,730

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$632

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $45,500
Loan Amount $136,500
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$6,733

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,110

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,080

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$1,1103$1,1754$1,2135$1,263
$1,263
RENT COMPS ANALYSIS
  • 4651 Garden Hills Drive Stone Mountain, GA 2
    • 4 beds 2 baths ∙ 1,342 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,342 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,110
    • $0.83
    •  
  • 942 Pine Roc Drive Stone Mountain, GA 1
    • 4 beds 2 baths ∙ 1,206 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,206 Sqft ∙ Built 1967
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.79
    •  
  • 4795 Brasac Drive Stone Mountain, GA 3
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1989
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.82
    •  
  • 4970 Isle Royal Court Stone Mountain, GA 4
    • 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1976
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,213
    • $0.78
    •  
  • 774 Copley Court Stone Mountain, GA 5
    • 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1978
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,263
    • $0.83
    •  
PROPERTY LISTING DETAILS
Vu Nguyen
1.404.512.1882
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6836402
Last Updated: 02/05/2021
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.

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