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4890 Charlene Way Powder Springs, GA 30127

4 Beds 2 Baths 2,166 sqft Built 1989

$205,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $94.64
  • 2 Days on Market
  • MLS # : 6815963
  • Updated Date : 12/05/2020 at 21:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,166 sqft
  • Baths : 2 full
Listing Agent's Description

Renovated split foyer with 4 bedrooms, 2 baths with bonus room and 4th bedroom in the basement. Newer appliances. New water heater. Drive under garage with new garage doors.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: John Wesley Heights

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210kPrice in $98k216k

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

Neighborhood: John Wesley Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001050110011501200125013001350140014501500Rent in $9731509

* 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
Powder Springs Elementary School Primary Regular 798 58 5
Cooper Middle School Middle Regular 899 53 8
Mceachern High School High Regular 2,239 122 6

Powder Springs Elementary School

  • Education Level: Primary
  • # of students: 798
  • # of teachers: 58
5
GreatSchools Rating

Cooper Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 53
8
GreatSchools Rating

Mceachern High School

  • Education Level: High
  • # of students: 2,239
  • # of teachers: 122
6
GreatSchools Rating
 

$184,500$225,500$205,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$756
Property Tax -$222
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
$333

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.

$205,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.0%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

12.08

YEARS SAVED

$45,409

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,522

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4003$1,5004$1,6175$1,670
$1,670
RENT COMPS ANALYSIS
  • 4890 Charlene Way Powder Springs, GA 3
    • 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.69
    •  
  • 4891 Brownsville Road Powder Springs, GA 1
    • 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1986
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.70
    •  
  • 4631 Seward Road Powder Springs, GA 2
    • 4 beds 3 baths ∙ 2,087 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,087 Sqft ∙ Built 1971
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.67
    •  
  • 4596 Muirwood Circle Powder Springs, GA 4
    • 4 beds 3 baths ∙ 2,304 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,304 Sqft ∙ Built 1988
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,617
    • $0.70
    •  
  • 5191 Memorial Lane Powder Springs, GA 5
    • 3 beds 2 baths ∙ 2,243 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,243 Sqft ∙ Built 2001
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.74
    •  
PROPERTY LISTING DETAILS
Janis Mckinnon
1.678.520.3583
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6815963
Last Updated: 12/05/2020
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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