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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $152.01
- 2 Days on Market
- MLS # : 6808887
- Updated Date : 11/14/2020 at 19:40
CONSTRUCTION
- Beds : 3
- Floor Size : 1,644 sqft
- Baths : 2 full
Listing Agent's Description
Ranch on a full basement! In the past year, home has new roof, new back deck, new fence, new LVP flooring throughout! Brand new kitchen cabinets with butcher block counters and gorgeous backsplash. Newer appliances stay with home. Both bathrooms have new vanities. 3 bedrooms, 2 baths with a sunroom that could be an office or exercise room. Front porch is also enclosed. Full basement ready for future expansion features a boat door. Great corner lot. Family friendly neighborhood with great schools.
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)
- #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
Neighborhood: Shannon Green West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Shannon Green West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,370 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$221 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$49
|
||
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.
$249,900
PROJECTED PRICE
$1,370
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 5.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$71,974
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,475 |
| Loan Amount | $187,425 |
5.5
YEARS SAVED
$17,356
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,370
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,397
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
485 Nickajack Road Sw Mableton, GA 1
- 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1979
![property image]()
- Rent
- Rent Per SQFT
- $1,370
- $0.83
-
520 Shannon Green Circle Mableton, GA 2
- 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1974
![property image]()
LEASED 07/12/20- Rent
- Rent Per SQFT
- $1,400
- $0.84
-
5630 N Allen Road Se Mableton, GA 3
- 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 1981
![property image]()
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,430
- $0.85
-
5480 Burgess Drive Sw Mableton, GA 4
- 4 beds 2 baths ∙ 1,746 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,746 Sqft ∙ Built 1962
![property image]()
LEASED 06/18/19- Rent
- Rent Per SQFT
- $1,475
- $0.84
-
4562 Oakland Terrace Mableton, GA 5
- 4 beds 3 baths ∙ 1,773 Sqft ∙ Built 1966 4 beds 3 baths ∙ 1,773 Sqft ∙ Built 1966
![property image]()
LEASED 02/19/20- Rent
- Rent Per SQFT
- $1,550
- $0.87
PROPERTY LISTING DETAILS
1.404.821.6505
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6808887
Last Updated: 11/14/2020
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.
