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4690 Flint Hill Road Sw Austell, GA 30106

4 Beds 2 Baths 1,484 sqft Built 1970

INVESTimate

$178,000

List Price

$1,180

$1,062 - $1,298

Rent Est.

$192,311  ( +8.04%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1970
  • Price/Sqft : $119.95
  • 2 Days on Market
  • MLS # : 6772113
  • Updated Date : 08/25/2020 at 19:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,484 sqft
  • Baths : 1 full , 1 half
Listing Agent's Description

Opportunity Opportunity Opportunity !! New wood floor, New paint, New deck, New 2 doors and trims. This is a good opportunity for generating RENTAL INCOME in Cobb county. Awesome Ranch house with Excellent condition in Cobb county with 4 bedrooms/1.5 bathrooms. Brick front house with Specious kitchen with new laminate floor. 1484 sq ft with big deck and big flat backyard. New water heater (2 years old) HVAC (6 years old). No future maintenance. 5 minutes from all shopping, grocery stores and restaurants. Big driveway with additional side driveway. It will not last long

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

Zip Code: 30106

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Zip Code: 30106

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
Clarkdale Elementary School Primary Regular 688 44 5
Cooper Middle School Middle Regular 899 53 8
South Cobb High School High Regular 2,074 106 4

Clarkdale Elementary School

  • Education Level: Primary
  • # of students: 688
  • # of teachers: 44
5
GreatSchools Rating

Cooper Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 53
8
GreatSchools Rating

South Cobb High School

  • Education Level: High
  • # of students: 2,074
  • # of teachers: 106
4
GreatSchools Rating
 

$160,200$195,800$178,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$657
Property Tax -$157
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
$191

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.

$178,000

PROJECTED PRICE

$1,180

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.04%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,920

INVESTMENT

$52,920

Down Payment
$44,500
Rehab Estimate
$5,750
Closing Costs
$2,670

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,500
Loan Amount $133,500
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$24,559

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
  • $0.8

    LIST RENT PER SQFT
  • $1,239

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,075
1$1,0752$1,1003$1,1804$1,2955$1,350
$1,350
RENT COMPS ANALYSIS
  • 4690 Flint Hill Road Sw Austell, 3
    • 4 beds 2 baths ∙ 1,484 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,484 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $0.80
    •  
  • 3582 Old Thompson Road Austell, 1
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1976
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $0.77
    •  
  • 4600 Churchill Court Austell, 2
    • 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1977
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.78
    •  
  • 1860 Gherry Drive Austell, 4
    • 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1964
    LEASED 06/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.88
    •  
  • 2125 Perkerson Mill Road Austell, 5
    • 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1959
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.91
    •  
PROPERTY LISTING DETAILS
Alkesh Limbachia
1.770.757.6854
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6772113
Last Updated: 08/25/2020
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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