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4830 Brookwood Place College Park, GA 30349

3 Beds 3 Baths 1,844 sqft Built 2004

$175,000

List Price

$1,495

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $94.90
  • 4 Days on Market
  • MLS # : 6807930
  • Updated Date : 11/14/2020 at 14:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,844 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Deals like this are hard to come by! Nice income producing property, single family home in a sought-after school district, quiet established subdivision. Kitchen is already updated with stainless steel appliances. Unfinshed basement, 2 car garage and oversized deck! A long term, responsible tenant is currently occupying the property. Rental income = $1,200 per month / Cash Flow. Minutes from I-285 and South Fulton Parkway Nice front porch that awaits your rocking chairs! The main floor offers a fireside living room that flows into the dining/kitchen area, perfect for

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30349

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Zip Code: 30349

ZipNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171509

* 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
Seaborn Lee Elementary School Primary Regular 497 32 4
Camp Creek Middle School Middle Regular 738 59 2
Westlake High School High Regular 2,023 116 6

Seaborn Lee Elementary School

  • Education Level: Primary
  • # of students: 497
  • # of teachers: 32
4
GreatSchools Rating

Camp Creek Middle School

  • Education Level: Middle
  • # of students: 738
  • # of teachers: 59
2
GreatSchools Rating

Westlake High School

  • Education Level: High
  • # of students: 2,023
  • # of teachers: 116
6
GreatSchools Rating
 

$157,500$192,500$175,000

PURCHASE PRICE

$1,346$1,645$1,495

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,495
EXPENSES Loan Payment -$646
Property Tax -$120
Property Insurance -$63
HOA -$15
Property Management Fees -$119
CASH FLOW
$532

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.

$175,000

PROJECTED PRICE

$1,495

PROJECTED RENT

0.85%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.7%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,125

INVESTMENT

$52,125

Down Payment
$43,750
Rehab Estimate
$5,750
Closing Costs
$2,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$646

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $43,750
Loan Amount $131,250
See What Happens When You Reinvest Cash Flow

16

YEARS SAVED

$54,799

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,495

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,448

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,4953$1,625
$1,625
RENT COMPS ANALYSIS
  • 4830 Brookwood Place College Park, GA 2
    • 3 beds 3 baths ∙ 1,844 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,844 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.81
    •  
  • 4961 Rapahoe Trail Atlanta, GA 1
    • 3 beds 3 baths ∙ 1,927 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,927 Sqft ∙ Built 2007
    property image
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.77
    •  
  • 5115 Rapahoe Trail Atlanta, GA 3
    • 4 beds 2 baths ∙ 2,035 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,035 Sqft ∙ Built 2017
    property image
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.80
    •  
PROPERTY LISTING DETAILS
Jared Ligon
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6807930
Last Updated: 11/14/2020
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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