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5011 Shannon Way Sw Mableton, GA 30126

3 Beds 3 Baths 1,871 sqft Built 1980

$299,900

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $160.29
  • 45 Days on Market
  • MLS # : 6813281
  • Updated Date : 11/28/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,871 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

What a Beauty! Fresh interior, exterior paint, New flooring, new appliances, new light fixtures, Screened porch, back deck, Master with 3 closets, 2 oversized bedrooms with excellent closet space! Bathrooms have a new look with granite and fresh white cabinets, light fixtures & mirrors! Kitchen has been updated to fresh white paint, granite, new back splash, all appliances are new or recently been replaced, and you have a Trash Compactor from the previous owner. LOVE the laundry room with a folding bar or excellent storage for cleaning products, extra holiday

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Neighborhood: Shannon Green

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230kPrice in $103k231k

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

Neighborhood: Shannon Green

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9731576

* 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
Mableton Elementary School Primary Regular 972 67 4
Floyd Middle School Middle Regular 935 54 4
South Cobb High School High Regular 2,074 106 4

Mableton Elementary School

  • Education Level: Primary
  • # of students: 972
  • # of teachers: 67
4
GreatSchools Rating

Floyd Middle School

  • Education Level: Middle
  • # of students: 935
  • # of teachers: 54
4
GreatSchools Rating

South Cobb High School

  • Education Level: High
  • # of students: 2,074
  • # of teachers: 106
4
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,042
Property Tax -$265
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
-$19

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.

$299,900

PROJECTED PRICE

$1,470

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 9.4%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$11,548

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,590

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4703$1,4754$1,5505$1,700
$1,700
RENT COMPS ANALYSIS
  • 5011 Shannon Way Sw Mableton, GA 2
    • 3 beds 3 baths ∙ 1,871 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,871 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.79
    •  
  • 520 Shannon Green Circle Mableton, GA 1
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1974
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.84
    •  
  • 5480 Burgess Drive Sw Mableton, GA 3
    • 4 beds 2 baths ∙ 1,746 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,746 Sqft ∙ Built 1962
    LEASED 06/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.84
    •  
  • 4562 Oakland Terrace Mableton, GA 4
    • 4 beds 3 baths ∙ 1,773 Sqft ∙ Built 1966 4 beds 3 baths ∙ 1,773 Sqft ∙ Built 1966
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.87
    •  
  • 729 Concord Road Sw Smyrna, GA 5
    • 3 beds 2 baths ∙ 1,998 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,998 Sqft ∙ Built 1965
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.85
    •  
PROPERTY LISTING DETAILS
Wendy R Bunch
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6813281
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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