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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $174.88
- 3 Days on Market
- MLS # : 6847403
- Updated Date : 03/06/2021 at 08:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,110 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Welcome to this classic craftsman style home in a quiet gated community! Great curb appeal with fresh modern color palette inside and out. Huge floor to ceiling stacked stone fireplace is perfect for cooler nights, easy access to eat in kitchen with granite countertops. 3 bedrooms and 2 full baths upstairs. Spacious master with double vanity ensuite, separate tub and shower. Enjoy entertaining in your large flat backyard! New Roof, New Hot Water Heater, New Exterior Paint.
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
Neighborhood: Mountain Brook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mountain Brook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$1,282 |
| Property Tax | -$285 | |
| Property Insurance | -$68 | |
| HOA | -$67 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$10
|
||
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.
$369,000
PROJECTED PRICE
$1,810
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 6.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$103,535
LOAN DETAILS
$1,282
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $92,250 |
| Loan Amount | $276,750 |
4.58
YEARS SAVED
$17,444
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,931
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
479 Highlands Loop Woodstock, GA 2
- 3 beds 3 baths ∙ 2,110 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,110 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,810
- $0.86
-
2716 Hawk Drive Ne Marietta, GA 1
- 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 1985
LEASED 03/12/20- Rent
- Rent Per SQFT
- $1,750
- $0.90
-
607 Hidden Close Woodstock, GA 3
- 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2006
LEASED 06/15/20- Rent
- Rent Per SQFT
- $2,000
- $0.90
-
4908 Hawk Trail Ne Marietta, GA 4
- 4 beds 3 baths ∙ 2,136 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,136 Sqft ∙ Built 1985
LEASED 10/06/20- Rent
- Rent Per SQFT
- $2,000
- $0.94
-
402 Beeton Court Woodstock, GA 5
- 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 2004
LEASED 04/30/20- Rent
- Rent Per SQFT
- $2,100
- $0.92
PROPERTY LISTING DETAILS
1.678.699.1807
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6847403
Last Updated: 03/06/2021
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.
