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505 Huntgate Road Woodstock, GA 30189

4 Beds 3 Baths 2,004 sqft Built 1993

$267,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $133.23
  • 8 Days on Market
  • MLS # : 6805965
  • Updated Date : 11/07/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,004 sqft
  • Baths : 3 full
Listing Agent's Description

Ranch on basement in the Wyngate Neighborhood of Towne Lake! Perfectly located on a cul-de-sac with a wooded private back yard. The home has an open floor plan with the kitchen flowing into the great room with a cozy fireplace. The master bedroom and two secondary bedrooms are on the main level making for an easy style of living. The partial basement is finished into a multi use area; bedroom, bath, workroom and second den or media room. Large double deck to enjoy the private backyard. All this plus great schools, shopping and dining.

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

Neighborhood: Wyngate

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Wyngate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Bascomb Elementary School Primary Regular 1,038 56 9
E.t. Booth Middle School Middle Regular 1,692 91 8
Etowah High School High Regular 2,411 125 8

Bascomb Elementary School

  • Education Level: Primary
  • # of students: 1,038
  • # of teachers: 56
9
GreatSchools Rating

E.t. Booth Middle School

  • Education Level: Middle
  • # of students: 1,692
  • # of teachers: 91
8
GreatSchools Rating

Etowah High School

  • Education Level: High
  • # of students: 2,411
  • # of teachers: 125
8
GreatSchools Rating
 

$240,300$293,700$267,000

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 -$985
Property Tax -$218
Property Insurance -$66
HOA -$42
Property Management Fees -$119
CASH FLOW
$371

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.

$267,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
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

PROJECTED ANNUAL CASH FLOW

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

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$76,505

INVESTMENT

$76,505

Down Payment
$66,750
Rehab Estimate
$5,750
Closing Costs
$4,005

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$985

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,750
Loan Amount $200,250
See What Happens When You Reinvest Cash Flow

11.67

YEARS SAVED

$57,153

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
  • $0.9

    LIST RENT PER SQFT
  • $1,829

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7503$1,7504$1,7705$1,800
$1,800
RENT COMPS ANALYSIS
  • 505 Huntgate Road Woodstock, GA 5
    • 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.90
    •  
  • 231 Ascott Lane Woodstock, GA 1
    • 3 beds 3 baths ∙ 1,813 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,813 Sqft ∙ Built 2005
    property image
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
  • 105 Cottage Oaks Lane Woodstock, GA 2
    • 4 beds 3 baths ∙ 1,918 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,918 Sqft ∙ Built 1996
    property image
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.91
    •  
  • 8002 Ashwell Court Woodstock, GA 3
    • 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1996
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.89
    •  
  • 226 Ascott Lane Woodstock, GA 4
    • 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 2005
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.94
    •  
PROPERTY LISTING DETAILS
Lisa Walker
1.678.793.3608
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6805965
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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