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4962 Winterview Lane Douglasville, GA 30135

5 Beds 4 Baths 2,878 sqft Built 1998

$370,000

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $128.56
  • 5 Days on Market
  • MLS # : 6832997
  • Updated Date : 01/28/2021 at 11:24
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,878 sqft
  • Baths : 4 full
Listing Agent's Description

Click the Virtual Tour link to view the 3D Matterport walkthrough. Expansive two-story residence with multiple living and dining areas. Gorgeous kitchen with white cabinets and granite countertops. Family room with gas log fireplace. Large upper bedrooms, plus spacious walk-in closet and soaking tub in the master. Finished in-law suite in the basement featuring bedroom, full bath, and kitchenette. Double decks in the backyard overlook creek and wooded area. Brand new carpet installed. Termite bond, one HVAC unit replaced, and roof is only 2 years old.

SEE MORE

MARKET HIGHLIGHTS

  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
  • Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
  • 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 World’s Busiest Airport(Airports Council International, 2018)

PRICE & RENT TRENDS

Neighborhood: Woodhaven at Chapel Hills

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $100k310k

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

Neighborhood: Woodhaven at Chapel Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9312327

* 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
 

$333,000$407,000$370,000

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,285
Property Tax -$435
Property Insurance -$83
HOA -$44
Property Management Fees -$119
CASH FLOW
$425

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.

$370,000

PROJECTED PRICE

$2,390

PROJECTED RENT

0.65%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$53,231

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,034

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$2,2003$2,3904$2,500
$2,500
RENT COMPS ANALYSIS
  • 4962 Winterview Lane Douglasville, GA 3
    • 5 beds 4 baths ∙ 2,878 Sqft ∙ Built 1998 5 beds 4 baths ∙ 2,878 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.83
    •  
  • 9915 Scarlet Oak Drive Douglasville, GA 1
    • 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 1986
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.60
    •  
  • 3550 Long Lake Drive Douglasville, GA 2
    • 5 beds 3 baths ∙ 3,200 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,200 Sqft ∙ Built 2006
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.69
    •  
  • 9921 Hamilton Drive Douglasville, GA 4
    • 6 beds 5 baths ∙ 3,026 Sqft ∙ Built 2002 6 beds 5 baths ∙ 3,026 Sqft ∙ Built 2002
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.83
    •  
PROPERTY LISTING DETAILS
Louise Bannister
1.678.858.1180
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6832997
Last Updated: 01/28/2021
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.

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