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484 Camelot Parkway Jonesboro, GA 30236

4 Beds 2 Baths 1,976 sqft Built 1962

INVESTimate

$115,000

List Price

$1,140

$1,026 - $1,254

Rent Est.

$123,798  ( +7.65%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1962
  • Price/Sqft : $58.20
  • 10 Days on Market
  • MLS # : 6768423
  • Updated Date : 08/18/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,976 sqft
  • Baths : 2 full
Listing Agent's Description

Sold AS-IS. No Disclosures available.Bring your personal finishing touches and make this home your own. Fresh paint, original hardwood floors, great investment or starter home. Priced to sell. NO FHA loans being the owner hasn't held for more that 90 days.

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30236

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $81k209k

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

Zip Code: 30236

ZipNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7591509

* 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
Kilpatrick Elementary School Primary Regular 681 42 4
Sequoyah Middle School Middle Regular 868 51 4
Drew High School High Regular 1,565 82 3

Kilpatrick Elementary School

  • Education Level: Primary
  • # of students: 681
  • # of teachers: 42
4
GreatSchools Rating

Sequoyah Middle School

  • Education Level: Middle
  • # of students: 868
  • # of teachers: 51
4
GreatSchools Rating

Drew High School

  • Education Level: High
  • # of students: 1,565
  • # of teachers: 82
3
GreatSchools Rating
 

$103,500$126,500$115,000

PURCHASE PRICE

$1,026$1,254$1,140

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,140
EXPENSES Loan Payment -$424
Property Tax -$125
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
$406

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.

$115,000

PROJECTED PRICE

$1,140

PROJECTED RENT

0.99%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 7.65%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$36,225

INVESTMENT

$36,225

Down Payment
$28,750
Rehab Estimate
$5,750
Closing Costs
$1,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$424

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $28,750
Loan Amount $86,250
See What Happens When You Reinvest Cash Flow

16.58

YEARS SAVED

$37,772

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,140

    LIST RENT
  • $0.58

    LIST RENT PER SQFT
  • $1,403

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,140
1$1,1402$1,2503$1,407
$1,407
RENT COMPS ANALYSIS
  • 484 Camelot Parkway Jonesboro, 1
    • 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,140
    • $0.58
    •  
  • 6352 Waikiki Way Forest Park, 2
    • 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1963
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.70
    •  
  • 69 Hager Drive Riverdale, 3
    • 4 beds 3 baths ∙ 1,960 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,960 Sqft ∙ Built 1977
    property image
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,407
    • $0.72
    •  
PROPERTY LISTING DETAILS
Courtney Smith
1.404.997.2534
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6768423
Last Updated: 08/18/2020
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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