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474 Royal Oaks Terrace 
Stone Mountain, GA
30078
4 Beds 2 Baths 1,300 sqft
Built 1971
INVESTimate
$205,500
List Price
$60,208
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PROPERTY INFO
FACTS
- Built In 1971
- Price/Sqft : $158.08
- 2 Days on Market
- MLS # : 6771537
- Updated Date : 08/25/2020 at 19:58
CONSTRUCTION
- Beds : 4
- Floor Size : 1,300 sqft
- Baths : 2 full
Listing Agent's Description
3 Bedroom, 2 Bath in the Parkview School cluster. Great for a 1st time buyer. Basement has a Den with fireplace and room to be used as a Bedroom or Office. Back yard has a nice screened in porch and gunite pool.
SEE MORE
- #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
Neighborhood: Mountain Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mountain Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,320 |
| EXPENSES | Loan Payment | -$758 |
| Property Tax | -$297 | |
| Property Insurance | -$52 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$93
|
||
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.
$205,500
PROJECTED PRICE
$1,320
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 9.07% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$60,208
LOAN DETAILS
$758
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $51,375 |
| Loan Amount | $154,125 |
6.92
YEARS SAVED
$19,738
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,320
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,001
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
474 Royal Oaks Terrace Stone Mountain, 3
- 4 beds 2 baths ∙ 1,300 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,300 Sqft ∙ Built 1971
![property image]()
- Rent
- Rent Per SQFT
- $1,320
- $1.02
-
2550 Presidents Walk Tucker, 1
- 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 1986
![property image]()
LEASED 03/15/19- Rent
- Rent Per SQFT
- $1,200
- $0.74
-
5712 Renee Court Nw Lilburn, 2
- 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1973
![property image]()
LEASED 01/25/20- Rent
- Rent Per SQFT
- $1,300
- $0.80
PROPERTY LISTING DETAILS
1.850.217.0459
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6771537
Last Updated: 08/25/2020
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.
