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4910 Briarleigh Chase Sw Mableton, GA 30126

4 Beds 3 Baths 2,749 sqft Built 1989

$330,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $120.04
  • 5 Days on Market
  • MLS # : 6804822
  • Updated Date : 11/06/2020 at 06:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,749 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Gorgeous move in ready John Wieland brick traditional in fabulous Glenleigh Park! All new flooring throughout and new hot water heater. Main level features renovated kitchen with solid surface counters, subway tile backsplash, stainless steel appliances, breakfast bar and large breakfast area, family room with fireplace, separate dining room currently being used as a study and renovated half bath.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Glenleigh Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $103k293k

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

Neighborhood: Glenleigh Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9731886

* 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
Mableton Elementary School Primary Regular 972 67 4
Floyd Middle School Middle Regular 935 54 4
South Cobb High School High Regular 2,074 106 4

Mableton Elementary School

  • Education Level: Primary
  • # of students: 972
  • # of teachers: 67
4
GreatSchools Rating

Floyd Middle School

  • Education Level: Middle
  • # of students: 935
  • # of teachers: 54
4
GreatSchools Rating

South Cobb High School

  • Education Level: High
  • # of students: 2,074
  • # of teachers: 106
4
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,218
Property Tax -$318
Property Insurance -$80
HOA -$47
Property Management Fees -$119
CASH FLOW
$118

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.

$330,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$26,317

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,911

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,835
1$1,8352$1,8503$1,8954$1,9005$1,975
$1,975
RENT COMPS ANALYSIS
  • 4910 Briarleigh Chase Sw Mableton, GA 4
    • 4 beds 3 baths ∙ 2,749 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,749 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.69
    •  
  • 4595 Kinsdale Drive Sw Mableton, GA 1
    • 4 beds 3 baths ∙ 2,768 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,768 Sqft ∙ Built 1995
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.66
    •  
  • 1360 Silvergate Drive Mableton, GA 2
    • 4 beds 3 baths ∙ 2,774 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,774 Sqft ∙ Built 2004
    LEASED 05/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.67
    •  
  • 3857 Merryweather Trail Austell, GA 3
    • 5 beds 3 baths ∙ 2,584 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,584 Sqft ∙ Built 1999
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.73
    •  
  • 1650 Huntcrest Way Sw Mableton, GA 5
    • 4 beds 3 baths ∙ 2,740 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,740 Sqft ∙ Built 2000
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.72
    •  
PROPERTY LISTING DETAILS
Mark Spain
1.770.886.9000
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6804822
Last Updated: 11/06/2020
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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