Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $143.82
- 3 Days on Market
- MLS # : 6842771
- Updated Date : 02/20/2021 at 14:18
CONSTRUCTION
- Beds : 3
- Floor Size : 1,668 sqft
- Baths : 2 full
Listing Agent's Description
Hard to find one level living close in east Cobb. Home features site finished oak hardwood floors throughout. Eat in kitchen leads to formal dining room. Spacious family room with brick fireplace has two large sliding glass doors leading to huge rear deck. Completely updated master bath with walk in tile shower, glass door, granite counters, updated fixtures, toilet and tile floors. Park like fenced rear yard with room to grow. Great location with easy access to schools, interstate and shopping. Short walk to Noonday park.
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: Canterbury North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Canterbury North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$833 |
| Property Tax | -$385 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$103
|
||
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.
$239,900
PROJECTED PRICE
$1,500
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 6.7% |
| 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
$69,324
LOAN DETAILS
$833
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $59,975 |
| Loan Amount | $179,925 |
6.5
YEARS SAVED
$18,034
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,500
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,580
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
480 Buckingham Circle Marietta, GA 3
- 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 1978
- Rent
- Rent Per SQFT
- $1,500
- $0.90
-
44 Hartley Woods Drive Kennesaw, GA 1
- 4 beds 2 baths ∙ 1,612 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,612 Sqft ∙ Built 1985
LEASED 04/22/20- Rent
- Rent Per SQFT
- $1,475
- $0.92
-
4167 Oak Ferry Drive Ne Kennesaw, GA 2
- 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1976
LEASED 08/10/20- Rent
- Rent Per SQFT
- $1,500
- $0.95
-
3951 Kensington Drive Marietta, GA 4
- 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 1985
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,725
- $0.98
-
770 Dover Street Marietta, GA 5
- 3 beds 2 baths ∙ 1,938 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,938 Sqft ∙ Built 1976
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,815
- $0.94
PROPERTY LISTING DETAILS
1.404.388.6960
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6842771
Last Updated: 02/20/2021
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.
