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PROPERTY INFO
FACTS
- Single Family
- Built In 1969
- Price/Sqft : $142.00
- 4 Days on Market
- MLS # : 6830837
- Updated Date : 01/22/2021 at 08:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,450 sqft
- Baths : 1 full , 1 half
Listing Agent's Description
Situated in the wooded neighborhood of South Cobb Heights in Austell, you will love the quiet location of this home! A long driveway gives the home privacy away from the street. Head inside and you'll immediately notice how bright light floods into the family room. The open concept living area is very spacious. The kitchen has a gorgeous gas range with a hood above it, and there is also plenty of room for an island. This ranch-style home will be a great place to entertain. We can't forget to mention that local schools are less than a mile away!
SEE MORE
- 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)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
- #1 Moving Destination in the Nation (Penske, 2018)
- Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
- As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
- #1 Most affordable big city (WalletHub, 2018)
PRICE & RENT TRENDS
Neighborhood: South Cobb Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: South Cobb Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,280 |
| EXPENSES | Loan Payment | -$715 |
| Property Tax | -$182 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$209
|
||
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.
$205,900
PROJECTED PRICE
$1,280
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 8.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.60% |
| 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
$60,314
LOAN DETAILS
$715
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $51,475 |
| Loan Amount | $154,425 |
8.5
YEARS SAVED
$23,452
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,280
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,286
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
4823 Nelda Drive Austell, GA 2
- 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1969
- Rent
- Rent Per SQFT
- $1,280
- $0.88
-
4600 Churchill Court Austell, GA 1
- 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1977
LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,150
- $0.81
-
2116 Warren Drive Austell, GA 3
- 3 beds 1 baths ∙ 1,389 Sqft ∙ Built 1956 3 beds 1 baths ∙ 1,389 Sqft ∙ Built 1956
LEASED 11/02/20- Rent
- Rent Per SQFT
- $1,300
- $0.94
-
2125 Perkerson Mill Road Austell, GA 4
- 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1959
LEASED 12/30/19- Rent
- Rent Per SQFT
- $1,350
- $0.91
PROPERTY LISTING DETAILS
1.678.884.7933
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6830837
Last Updated: 01/22/2021
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.
