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4688 Ravenwood Loop Union City, GA 30291

3 Beds 3 Baths 1,652 sqft Built 2016

$209,900

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $127.06
  • 3 Days on Market
  • MLS # : 6831611
  • Updated Date : 01/23/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,652 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

YOUR SEARCH IS OVER!!! THIS LIKE NEW, WELL MAINTAINED, FERSHLY PAINTED, 3 BEDROOM 2.5 BATHROOM HOME IS SITTING PRETTY IN THE QUIET RAVENWOOD COMMUNITY. THE KITCHEN OPENS UP TO THE FAMILY ROOM WITH STAINED CABINETS, GRANITE COUNTER TOPS AND SS APPLIANCES. SEP DINING ROOM WITH TRIM AND CROWN MOLDING. THE OWNERS SUITE BOAST TRAY CEILINGS, A HUGE W/I CLOSET, EN SUITE BATH WITH SHOWER/TUB COMBO. BACKYARD HAS A PRIVACY FENCE. THIS PROPERTY WILL NOT LAST LONG. PLEASE ADHERE TO CDC COVID-19 GUIDELINES.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)
  • #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)

PRICE & RENT TRENDS

Zip Code: 30291

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $78k209k

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

Zip Code: 30291

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
Liberty Point Elementary School Primary Regular 775 55 5
Renaissance Middle School Middle Regular 1,208 83 3
Langston Hughes High School High Regular 1,890 105 3

Liberty Point Elementary School

  • Education Level: Primary
  • # of students: 775
  • # of teachers: 55
5
GreatSchools Rating

Renaissance Middle School

  • Education Level: Middle
  • # of students: 1,208
  • # of teachers: 83
3
GreatSchools Rating

Langston Hughes High School

  • Education Level: High
  • # of students: 1,890
  • # of teachers: 105
3
GreatSchools Rating
 

$188,910$230,890$209,900

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$729
Property Tax -$205
Property Insurance -$59
HOA -$50
Property Management Fees -$119
CASH FLOW
$208

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.

$209,900

PROJECTED PRICE

$1,370

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 9.1%
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$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$61,374

INVESTMENT

$61,374

Down Payment
$52,475
Rehab Estimate
$5,750
Closing Costs
$3,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,475
Loan Amount $157,425
See What Happens When You Reinvest Cash Flow

7.83

YEARS SAVED

$21,763

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,375

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,365
1$1,3652$1,3703$1,3954$1,4255$1,550
$1,550
RENT COMPS ANALYSIS
  • 4688 Ravenwood Loop Union City, GA 2
    • 3 beds 3 baths ∙ 1,652 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,652 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.83
    •  
  • 4524 Swan Trace Union City, GA 1
    • 3 beds 3 baths ∙ 1,754 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,754 Sqft ∙ Built 2001
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,365
    • $0.78
    •  
  • 7539 Deer Creek Drive Union City, GA 3
    • 3 beds 3 baths ∙ 1,652 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,652 Sqft ∙ Built 2003
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.84
    •  
  • 4451 Ravenwood Drive Union City, GA 4
    • 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2006
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.84
    •  
  • 4488 Ravenwood Drive Union City, GA 5
    • 4 beds 3 baths ∙ 1,784 Sqft ∙ Built 2017 4 beds 3 baths ∙ 1,784 Sqft ∙ Built 2017
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.87
    •  
PROPERTY LISTING DETAILS
Natosha Rone
1.786.251.1333
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6831611
Last Updated: 01/23/2021
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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