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4843 Helga Way Ne Woodstock, GA 30188

4 Beds 3 Baths 1,818 sqft Built 1991

$299,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $164.96
  • 4 Days on Market
  • MLS # : 6835342
  • Updated Date : 02/06/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,818 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Charming two story, 4 bed/2.5 bath home in Chadds Ridge Swim/Tennis Subdivision in East Cobb. Top ranked schools! Brand new roof, new laminate flooring on main, new carpet upstairs, new paint inside and outside, newer vinyl windows, new deck overlooks private backyard. Close to interstates, schools, shopping, restaurants, KSU, Noonday Park, and minutes to popular downtown Woodstock.

SEE MORE

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

Neighborhood: Chadds Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $103k253k

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

Neighborhood: Chadds Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001050110011501200125013001350140014501500155016001650Rent in $9731697

* 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
Nicholson Elementary School Primary Regular 513 38 8
Mccleskey Middle School Middle Regular 681 43 7
Kell High School High Regular 1,548 83 7

Nicholson Elementary School

  • Education Level: Primary
  • # of students: 513
  • # of teachers: 38
8
GreatSchools Rating

Mccleskey Middle School

  • Education Level: Middle
  • # of students: 681
  • # of teachers: 43
7
GreatSchools Rating

Kell High School

  • Education Level: High
  • # of students: 1,548
  • # of teachers: 83
7
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,042
Property Tax -$265
Property Insurance -$62
HOA -$38
Property Management Fees -$119
CASH FLOW
$54

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.

$299,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$16,220

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,704

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5803$1,6494$1,8155$1,860
$1,860
RENT COMPS ANALYSIS
  • 4843 Helga Way Ne Woodstock, GA 2
    • 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 1991 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.87
    •  
  • 865 Cauthen Court Marietta, GA 1
    • 3 beds 3 baths ∙ 1,739 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,739 Sqft ∙ Built 1992
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.86
    •  
  • 4993 Shallow Ridge Road Ne Kennesaw, GA 3
    • 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 1987
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.96
    •  
  • 770 Dover Street Marietta, GA 4
    • 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
    •  
  • 871 Highland Terrace Marietta, GA 5
    • 3 beds 3 baths ∙ 1,885 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,885 Sqft ∙ Built 1985
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.99
    •  
PROPERTY LISTING DETAILS
Michelle Williams
1.404.218.9228
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6835342
Last Updated: 02/06/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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