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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $83.84
- 5 Days on Market
- MLS # : 6817311
- Updated Date : 12/10/2020 at 09:02
CONSTRUCTION
- Beds : 3
- Floor Size : 1,968 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Spacious 3 bedroom, 2.5 bath home with unfinished basement in need of some TLC. Located in sought after Decatur with attached 2 car garage and no HOA! This Fixer Upper home features separate breakfast area and dining room as well as a fireside family room and living room/office. Master retreat with spa bathroom and large closet. Quiet neighborhood close to shopping and dining. Perfect for do-it-yourself buyers or investors, try your hand at this value play! All it needs is some work to restore its natural beauty. Sold as-is.
SEE MORE
- 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
Zip Code: 30035
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30035
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,220 |
| EXPENSES | Loan Payment | -$609 |
| Property Tax | -$238 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$189
|
||
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.
$165,000
PROJECTED PRICE
$1,220
PROJECTED RENT
0.74%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 5.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$49,475
LOAN DETAILS
$609
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $41,250 |
| Loan Amount | $123,750 |
8.42
YEARS SAVED
$21,243
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,220
LIST RENT -
$0.62
LIST RENT PER SQFT
-
$1,294
COMP ESTIMATED VALUE -
$0.66
COMP AVG. RENT PER SQFT
Comps Range
-
4970 Windsor Downs Drive Decatur, GA 2
- 3 beds 3 baths ∙ 1,968 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,968 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $1,220
- $0.62
-
2290 Wilkins Cove Decatur, GA 1
- 3 beds 3 baths ∙ 1,806 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,806 Sqft ∙ Built 1988
LEASED 03/23/20- Rent
- Rent Per SQFT
- $1,000
- $0.55
-
4690 Big Valley Court Stone Mountain, GA 3
- 4 beds 3 baths ∙ 2,047 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,047 Sqft ∙ Built 1977
LEASED 07/15/19- Rent
- Rent Per SQFT
- $1,295
- $0.63
-
2343 Cove Lake Way Lithonia, GA 4
- 3 beds 2 baths ∙ 2,006 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,006 Sqft ∙ Built 1999
LEASED 10/14/19- Rent
- Rent Per SQFT
- $1,400
- $0.70
-
4410 Cross Lane Decatur, GA 5
- 4 beds 3 baths ∙ 1,924 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,924 Sqft ∙ Built 1999
LEASED 08/26/20- Rent
- Rent Per SQFT
- $1,450
- $0.75
PROPERTY LISTING DETAILS
1.770.390.8081
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6817311
Last Updated: 12/10/2020
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.
