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5050 Scuppernong Court Austell, GA 30106

4 Beds 3 Baths 2,524 sqft Built 2016

$265,800

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $105.31
  • 13 Days on Market
  • MLS # : 6832546
  • Updated Date : 01/30/2021 at 08:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,524 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Wonderful like brand new, cul-de-sac home located in the beautiful Cureton Woods Subdivision features 4 bedrooms, 2.5 baths. Oversized Owner's Suite on the Main features Bathroom with Double Vanity, Separate Shower, Garden Tub & Large Walk in Closet. Open floor plan with High Ceilings and fireplace in Family Room. Kitchen complete w/all Stainless-Steel appliances and Breakfast Bar. Spacious secondary bedrooms on the upper level with walk in Laundry Room.

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: Cureton

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $82k282k

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

Neighborhood: Cureton

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8171773

* 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
Austell Elementary School Primary Regular 551 38 7
Garrett Middle School Middle Regular 831 51 5
South Cobb High School High Regular 2,074 106 4

Austell Elementary School

  • Education Level: Primary
  • # of students: 551
  • # of teachers: 38
7
GreatSchools Rating

Garrett Middle School

  • Education Level: Middle
  • # of students: 831
  • # of teachers: 51
5
GreatSchools Rating

South Cobb High School

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

$239,220$292,380$265,800

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$923
Property Tax -$255
Property Insurance -$76
HOA -$38
Property Management Fees -$119
CASH FLOW
$289

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.

$265,800

PROJECTED PRICE

$1,700

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
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$76,187

INVESTMENT

$76,187

Down Payment
$66,450
Rehab Estimate
$5,750
Closing Costs
$3,987

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$923

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,450
Loan Amount $199,350
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$31,306

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,851

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,7504$1,750
$1,750
RENT COMPS ANALYSIS
  • 5050 Scuppernong Court Austell, GA 2
    • 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.67
    •  
  • 2432 Wingfield Drive Austell, GA 1
    • 5 beds 3 baths ∙ 2,205 Sqft ∙ Built 2009 5 beds 3 baths ∙ 2,205 Sqft ∙ Built 2009
    LEASED 08/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.77
    •  
  • 2429 Wingfield Drive Austell, GA 3
    • 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 2008
    LEASED 08/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.73
    •  
  • 2445 Wingfield Drive Austell, GA 4
    • 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 2007
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.70
    •  
PROPERTY LISTING DETAILS
Shawndra Williams
1.678.852.9866
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6832546
Last Updated: 01/30/2021
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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