Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4894 Raven Place Ne Marietta, GA 30066

4 Beds 2 Baths 2,672 sqft Built 1985

$315,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $117.89
  • 2 Days on Market
  • MLS # : 6839313
  • Updated Date : 02/13/2021 at 10:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,672 sqft
  • Baths : 2 full
Listing Agent's Description

Incredible value in East Cobb's Lassiter HS district! 3 BR, 2 BA home w/ finished Basement on culdesac. Huge Eat-in kitchen views Vaulted Family Room with Stack Stone Fireplace. Laminate flooring thru-out Family room and kitchen/foyer. Wonderful larger master suite with his and hers vanities, and a large walk-in closet. Large secondary bedrooms . Finished Basement features office, Rec Room, Bedroom and Laundry Room.

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: Falcon Crest

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Falcon Crest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Davis Elementary School Primary Regular 580 41 7
Mabry Middle School Middle Regular 890 54 9
Lassiter High School High Regular 2,131 118 10

Davis Elementary School

  • Education Level: Primary
  • # of students: 580
  • # of teachers: 41
7
GreatSchools Rating

Mabry Middle School

  • Education Level: Middle
  • # of students: 890
  • # of teachers: 54
9
GreatSchools Rating

Lassiter High School

  • Education Level: High
  • # of students: 2,131
  • # of teachers: 118
10
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,094
Property Tax -$499
Property Insurance -$79
Property Management Fees -$119
CASH FLOW
-$51

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.

$315,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$9,541

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $2,017

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$1,7903$1,8504$1,9005$1,900
$1,900
RENT COMPS ANALYSIS
  • 4894 Raven Place Ne Marietta, GA 1
    • 4 beds 2 baths ∙ 2,672 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,672 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.65
    •  
  • 4748 Carmichael Chase Ne Marietta, GA 2
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1985
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.75
    •  
  • 4817 Woodspring Drive Ne Marietta, GA 3
    • 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 1983
    property image
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.79
    •  
  • 4520 Reva Court Ne Marietta, GA 4
    • 4 beds 3 baths ∙ 2,489 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,489 Sqft ∙ Built 1985
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.76
    •  
  • 4750 Forest Valley Place Ne Marietta, GA 5
    • 5 beds 2 baths ∙ 2,650 Sqft ∙ Built 1984 5 beds 2 baths ∙ 2,650 Sqft ∙ Built 1984
    property image
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.72
    •  
PROPERTY LISTING DETAILS
Suzanne M East
1.770.630.0654
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6839313
Last Updated: 02/13/2021
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.

BESbswy