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4937 Rapahoe Trail Atlanta, GA 30349

4 Beds 3 Baths 2,295 sqft Built 2009

$265,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $115.47
  • 3 Days on Market
  • MLS # : 6813353
  • Updated Date : 11/28/2020 at 15:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,295 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

This could be your home for the Holiday’s! Beautiful 4 bedroom, 2.5 bathroom home in a conveniently located community; less than 10 minutes away from Hartsfield Jackson Airport. Enjoy the recently renovated kitchen, and breakfast area which overlooks the cozy family room. It's the perfect time to use the fireplace! The owners suite is oversized with a vaulted ceiling, large walk-in closet, separate soaking tub/shower and a beautifully mirrored double vanity. This lovely home also features a large size front porch and patio. Perfect for enjoying our lovely weather!

SEE MORE

MARKET HIGHLIGHTS

  • 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 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)
  • #1 Most affordable big city (WalletHub, 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'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)

PRICE & RENT TRENDS

Zip Code: 30349

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $82k235k

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

Zip Code: 30349

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8171714

* 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
Seaborn Lee Elementary School Primary Regular 497 32 4
Camp Creek Middle School Middle Regular 738 59 2
Westlake High School High Regular 2,023 116 6

Seaborn Lee Elementary School

  • Education Level: Primary
  • # of students: 497
  • # of teachers: 32
4
GreatSchools Rating

Camp Creek Middle School

  • Education Level: Middle
  • # of students: 738
  • # of teachers: 59
2
GreatSchools Rating

Westlake High School

  • Education Level: High
  • # of students: 2,023
  • # of teachers: 116
6
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$978
Property Tax -$210
Property Insurance -$72
HOA -$83
Property Management Fees -$119
CASH FLOW
-$1

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$265,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$9,139

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,486

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,245
1$1,2452$1,4603$1,5254$1,5455$1,550
$1,550
RENT COMPS ANALYSIS
  • 4937 Rapahoe Trail Atlanta, GA 2
    • 4 beds 2 baths ∙ 2,295 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,295 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.64
    •  
  • 9553 Lakeview Circle Union City, GA 1
    • 3 beds 3 baths ∙ 1,960 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,960 Sqft ∙ Built 2002
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.64
    •  
  • 5920 Catawba Way College Park, GA 3
    • 5 beds 4 baths ∙ 2,320 Sqft ∙ Built 1993 5 beds 4 baths ∙ 2,320 Sqft ∙ Built 1993
    property image
    LEASED 06/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.66
    •  
  • 4831 Wexford Trail College Park, GA 4
    • 4 beds 3 baths ∙ 2,488 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,488 Sqft ∙ Built 2004
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.62
    •  
  • 5429 Rock Lake Drive Atlanta, GA 5
    • 5 beds 3 baths ∙ 2,304 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,304 Sqft ∙ Built 2004
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.67
    •  
PROPERTY LISTING DETAILS
Danica Peoples
1.404.456.7851
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6813353
Last Updated: 11/28/2020
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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