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4845 Chapelle Court Marietta, GA 30066

3 Beds 3 Baths 2,115 sqft Built 1986

$254,900

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $120.52
  • 2 Days on Market
  • MLS # : 6818413
  • Updated Date : 12/12/2020 at 16:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,115 sqft
  • Baths : 3 full
Listing Agent's Description

Meticulously maintained move in ready 3-bedroom 3 full bath home minutes to downtown Woodstock. Spacious floor plan with vaulted great room. Newer roof, upgraded kitchen with custom cabinets and counter top. Large master bedroom with his & her closets. The basement level is finished with a full bath and was used as an In-law suite. Secondary bedrooms are spacious. Have breakfast on your large farmers porch then entertain on your beautiful deck.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Emerald Garden

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $102k282k

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

Neighborhood: Emerald Garden

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8881868

* 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
Keheley Elementary School Primary Regular 529 38 8
Mccleskey Middle School Middle Regular 681 43 7
Kell High School High Regular 1,548 83 7

Keheley Elementary School

  • Education Level: Primary
  • # of students: 529
  • # 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
 

$229,410$280,390$254,900

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$940
Property Tax -$404
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
$129

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.

$254,900

PROJECTED PRICE

$1,660

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 6.7%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,299

INVESTMENT

$73,299

Down Payment
$63,725
Rehab Estimate
$5,750
Closing Costs
$3,824

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$940

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,725
Loan Amount $191,175
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$21,479

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,692

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,4953$1,6604$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 4845 Chapelle Court Marietta, GA 3
    • 3 beds 3 baths ∙ 2,115 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,115 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.78
    •  
  • 4940 Rock Valley Drive Marietta, GA 1
    • 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1970
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.79
    •  
  • 4728 Jamerson Forest Circle Marietta, GA 2
    • 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1982
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.81
    •  
  • 724 Jamie Way Woodstock, GA 4
    • 4 beds 3 baths ∙ 2,167 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,167 Sqft ∙ Built 1993
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.81
    •  
  • 1670 Pinefield Road Marietta, GA 5
    • 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1986
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.79
    •  
PROPERTY LISTING DETAILS
Gary Garvin
1.678.429.6152
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6818413
Last Updated: 12/12/2020
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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