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4974 Wewatta Street Sw Atlanta, GA 30331

4 Beds 3 Baths 2,760 sqft Built 2006

$259,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $93.84
  • 3 Days on Market
  • MLS # : 6805625
  • Updated Date : 11/07/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,760 sqft
  • Baths : 3 full
Listing Agent's Description

Beautiful and spacious 4 bedroom and 3 bathroom in the highly sought after Thaxton Reserve neighborhood. Open kitchen concept ideal to entertain, large dinning room and guest room on the main. Oversized master bedroom with double vanity and separate tub shower. Loft/office space and generous secondary bedrooms. This family home is in excellent location, just mintues from Campcreek Parkway Shops, Airport and Interstate.

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

Zip Code: 30331

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $82k235k

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

Zip Code: 30331

ZipNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7971714

* 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
Stonewall Tell Elementary School Primary Regular 1,120 63 7
Sandtown Middle School Middle Regular 1,168 80 3
Westlake High School High Regular 2,023 116 6

Stonewall Tell Elementary School

  • Education Level: Primary
  • # of students: 1,120
  • # of teachers: 63
7
GreatSchools Rating

Sandtown Middle School

  • Education Level: Middle
  • # of students: 1,168
  • # of teachers: 80
3
GreatSchools Rating

Westlake High School

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

$233,100$284,900$259,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$956
Property Tax -$289
Property Insurance -$80
HOA -$17
Property Management Fees -$119
CASH FLOW
$340

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.

$259,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.1%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,385

INVESTMENT

$74,385

Down Payment
$64,750
Rehab Estimate
$5,750
Closing Costs
$3,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$956

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,750
Loan Amount $194,250
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$42,228

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,904

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$1,8003$1,8004$1,9355$2,050
$2,050
RENT COMPS ANALYSIS
  • 4974 Wewatta Street Sw Atlanta, GA 3
    • 4 beds 3 baths ∙ 2,760 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,760 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.65
    •  
  • 3555 Umatilla Lane Sw Atlanta, GA 1
    • 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 2007
    LEASED 06/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.69
    •  
  • 3443 Coval Circle Atlanta, GA 2
    • 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 2004
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.66
    •  
  • 3440 Coval Circle Atlanta, GA 4
    • 4 beds 3 baths ∙ 2,842 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,842 Sqft ∙ Built 2004
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,935
    • $0.68
    •  
  • 3442 Hamlin Square Sw Atlanta, GA 5
    • 4 beds 3 baths ∙ 2,821 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,821 Sqft ∙ Built 2005
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.73
    •  
PROPERTY LISTING DETAILS
Josue Scott
1.678.237.5488
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6805625
Last Updated: 11/07/2020
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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