Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $105.96
- 4 Days on Market
- MLS # : 6842445
- Updated Date : 02/20/2021 at 08:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,500 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
WELCOME HOME! This well maintained home has plenty of room for your growing family! Outside you'll love the extra large corner lot with mature landscaping, flowers and trees. The rocking chair front porch welcomes you inside where you'll see a private office/den to your left and a roomy separate dining room to your right. You'll love the spacious great room/living room with cozy fireplace. Lots of windows allow for beautiful natural light. The open kitchen with stainless appliances has a breakfast nook, pantry with extra closet and has a view into the living rm
SEE MORE
- 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)
- As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 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)
- 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 has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- #1 Moving Destination in the Nation (Penske, 2018)
PRICE & RENT TRENDS
Zip Code: 30141
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30141
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$920 |
| Property Tax | -$234 | |
| Property Insurance | -$75 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$322
|
||
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.
$264,900
PROJECTED PRICE
$1,670
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 9.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| 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
$75,949
LOAN DETAILS
$920
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,225 |
| Loan Amount | $198,675 |
10.5
YEARS SAVED
$41,658
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$0.67
LIST RENT PER SQFT
-
$1,725
COMP ESTIMATED VALUE -
$0.69
COMP AVG. RENT PER SQFT
Comps Range
-
469 Hiram Way Hiram, GA 1
- 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $1,670
- $0.67
-
1378 Winndale Road Dallas, GA 2
- 4 beds 2 baths ∙ 2,688 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,688 Sqft ∙ Built 1986
LEASED 02/01/21- Rent
- Rent Per SQFT
- $1,700
- $0.63
-
604 Victorian Circle Dallas, GA 3
- 4 beds 3 baths ∙ 2,385 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,385 Sqft ∙ Built 1999
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,800
- $0.75
PROPERTY LISTING DETAILS
1.404.386.3323
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6842445
Last Updated: 02/20/2021
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.
