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4739 Forest Valley Place Ne Marietta, GA 30066

3 Beds 3 Baths 2,368 sqft Built 1984

$304,500

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $128.59
  • 2 Days on Market
  • MLS # : 6850130
  • Updated Date : 03/06/2021 at 18:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,368 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

This beautiful, very well-maintained, updated home is complete w/ rich details throughout & sits on a corner lot. The kitchen has been recently updated to include new stnless steel stove and dishwasher & newly painted cabinets. A new roof, new dual zoned HVAC, new carpet, int. of house painted, frt porch, frt door & deck painted & stained & we can’t leave out the fresh new landscaping. You’ll want to spend your mornings on the front porch sipping coffee watching the flowers bloom & your evenings on back deck grilling out & ent. guests. In the Lassiter High District

SEE MORE

MARKET HIGHLIGHTS

  • 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

Neighborhood: Forest Chase

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Forest Chase

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Davis Elementary School Primary Regular 580 41 7
Mabry Middle School Middle Regular 890 54 9
Lassiter High School High Regular 2,131 118 10

Davis Elementary School

  • Education Level: Primary
  • # of students: 580
  • # of teachers: 41
7
GreatSchools Rating

Mabry Middle School

  • Education Level: Middle
  • # of students: 890
  • # of teachers: 54
9
GreatSchools Rating

Lassiter High School

  • Education Level: High
  • # of students: 2,131
  • # of teachers: 118
10
GreatSchools Rating
 

$274,050$334,950$304,500

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,058
Property Tax -$482
Property Insurance -$73
HOA -$54
Property Management Fees -$119
CASH FLOW
-$6

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.

$304,500

PROJECTED PRICE

$1,780

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,443

INVESTMENT

$86,443

Down Payment
$76,125
Rehab Estimate
$5,750
Closing Costs
$4,568

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,058

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,125
Loan Amount $228,375
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$11,538

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,001

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,780
1$1,7802$1,8753$1,9254$1,9505$2,075
$2,075
RENT COMPS ANALYSIS
  • 4739 Forest Valley Place Ne Marietta, GA 1
    • 3 beds 3 baths ∙ 2,368 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,368 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.75
    •  
  • 2843 Forest Chase Drive Ne Marietta, GA 2
    • 3 beds 2 baths ∙ 2,220 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,220 Sqft ∙ Built 1985
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.84
    •  
  • 3337 Devaughn Drive Ne Marietta, GA 3
    • 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 1981
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.87
    •  
  • 2641 Forest Glen Drive Ne Marietta, GA 4
    • 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1985
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.85
    •  
  • 2568 N Arbor Trail Marietta, GA 5
    • 3 beds 3 baths ∙ 2,525 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,525 Sqft ∙ Built 1985
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.82
    •  
PROPERTY LISTING DETAILS
Gigi Davis
1.251.213.1680
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6850130
Last Updated: 03/06/2021
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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