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

4929 Beth Street Douglasville, GA 30135

3 Beds 2 Baths 1,458 sqft Built 1973

$202,000

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $138.55
  • 6 Days on Market
  • MLS # : 6821158
  • Updated Date : 12/23/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,458 sqft
  • Baths : 2 full
Listing Agent's Description

Beautifully well-maintained home with many updates including Trane central heat with 3-ton air condition (June 2020), Gas water heater (2015), Roof (7 yrs. old), all new double pane windows, All wood custom built kitchen cabinets, new paint, new flooring includes carpet and hardwood, and new Leaf guard gutter system. Other improvements to the home include a Front cement porch, Paella doors, and storm doors, Metal installed garage doors, 12 by 16 shed with double doors with two lofts, 6 by 10 greenhouse, circular driveway, add parking pad behind gate.

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: Reynolds Estates

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $69k209k

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

Neighborhood: Reynolds Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8121509

* 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
Chapel Hill Elementary School Primary Regular 709 43 7
Chapel Hill Middle School Middle Regular 1,105 59 8
Chapel Hill High School High Regular 1,253 70 6

Chapel Hill Elementary School

  • Education Level: Primary
  • # of students: 709
  • # of teachers: 43
7
GreatSchools Rating

Chapel Hill Middle School

  • Education Level: Middle
  • # of students: 1,105
  • # of teachers: 59
8
GreatSchools Rating

Chapel Hill High School

  • Education Level: High
  • # of students: 1,253
  • # of teachers: 70
6
GreatSchools Rating
 

$181,800$222,200$202,000

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$745
Property Tax -$184
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
$166

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.

$202,000

PROJECTED PRICE

$1,270

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.8%
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

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$59,280

INVESTMENT

$59,280

Down Payment
$50,500
Rehab Estimate
$5,750
Closing Costs
$3,030

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$745

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $50,500
Loan Amount $151,500
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$26,557

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,119

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2703$1,3004$1,3655$1,390
$1,390
RENT COMPS ANALYSIS
  • 4929 Beth Street Douglasville, GA 2
    • 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.87
    •  
  • 4982 Ailene Drive Douglasville, GA 1
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1973
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.75
    •  
  • 6701 Live Oak Lane Douglasville, GA 3
    • 3 beds 3 baths ∙ 1,644 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,644 Sqft ∙ Built 1978
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.79
    •  
  • 5572 Stewart Woods Drive Douglasville, GA 4
    • 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 1989
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,365
    • $0.76
    •  
  • 3839 Mark Lane Douglasville, GA 5
    • 3 beds 3 baths ∙ 1,797 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,797 Sqft ∙ Built 1973
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.77
    •  
PROPERTY LISTING DETAILS
Quillie Williams
1.678.718.8080
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6821158
Last Updated: 12/23/2020
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.

BESbswy