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4761 Pauline Road Douglasville, GA 30135

4 Beds 3 Baths 2,880 sqft Built 2006

$267,500

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $92.88
  • 3 Days on Market
  • MLS # : 6815923
  • Updated Date : 12/05/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,880 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Meticulously well-maintained home on a corner lot with fenced in backyard. Featuring an open floor plan that flows freely with an abundance of windows and natural light from every room. Updated kitchen with breakfast bar and breakfast area, formal dining room, great room with wood-burning fireplace, home office, The master suite have a large walking closet and elegant master bath. This home is move-in ready in a very good school district. Located within 30 miles of Downtown Atlanta and Hartsfield-Jackson Atlanta International Airport

SEE MORE

MARKET HIGHLIGHTS

  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • 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)
  • 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Mason Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $82k233k

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

Neighborhood: Mason Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8171609

* 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
Bill Arp Elementary School Primary Regular 628 37 5
Yeager Middle School Middle Regular 536 34 4
Alexander High School High Regular 1,729 96 7

Bill Arp Elementary School

  • Education Level: Primary
  • # of students: 628
  • # of teachers: 37
5
GreatSchools Rating

Yeager Middle School

  • Education Level: Middle
  • # of students: 536
  • # of teachers: 34
4
GreatSchools Rating

Alexander High School

  • Education Level: High
  • # of students: 1,729
  • # of teachers: 96
7
GreatSchools Rating
 

$240,750$294,250$267,500

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$987
Property Tax -$244
Property Insurance -$83
HOA -$21
Property Management Fees -$119
CASH FLOW
$216

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.

$267,500

PROJECTED PRICE

$1,670

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 7.8%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,638

INVESTMENT

$76,638

Down Payment
$66,875
Rehab Estimate
$5,750
Closing Costs
$4,013

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$987

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,875
Loan Amount $200,625
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$28,286

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
  • $0.58

    LIST RENT PER SQFT
  • $1,718

    COMP ESTIMATED VALUE
  • $0.6

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,6493$1,6704$1,799
$1,799
RENT COMPS ANALYSIS
  • 4761 Pauline Road Douglasville, GA 3
    • 4 beds 3 baths ∙ 2,880 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,880 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.58
    •  
  • 4850 Panola Court Douglasville, GA 1
    • 4 beds 3 baths ∙ 2,608 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,608 Sqft ∙ Built 2005
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.56
    •  
  • 5351 Caitlin Lane Douglasville, GA 2
    • 4 beds 3 baths ∙ 2,810 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,810 Sqft ∙ Built 2004
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.59
    •  
  • 6361 Resonance Court Douglasville, GA 4
    • 4 beds 4 baths ∙ 2,799 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,799 Sqft ∙ Built 2004
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.64
    •  
PROPERTY LISTING DETAILS
Oscar M Melara
1.770.265.6804
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6815923
Last Updated: 12/05/2020
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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