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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $161.55
- 7 Days on Market
- MLS # : 6843610
- Updated Date : 02/27/2021 at 17:23
CONSTRUCTION
- Beds : 4
- Floor Size : 2,445 sqft
- Baths : 3 full , 1 half
Listing Agent's Description
Welcome to this cul-de-sac home with a very private backyard that slopes to a creek. The main level features kitchen with granite countertops, white cabinets, and a view to the family room and fireplace. The master retreat is spacious. The master bath has a double vanity, large soaking tub, and a separate shower. Additional 3 bedrooms and a bathroom on the upper level. The laundry room is located upstairs. The basement is large, with a fireplace and a full bathroom. New windows on the front and in the family room. Minutes from I-575. Owner is a licensed GA realtor.
SEE MORE
- 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)
- #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)
- #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)
PRICE & RENT TRENDS
Neighborhood: Deer Run North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Deer Run North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,910 |
| EXPENSES | Loan Payment | -$1,372 |
| Property Tax | -$285 | |
| Property Insurance | -$74 | |
| HOA | -$50 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$9
|
||
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.
$395,000
PROJECTED PRICE
$1,910
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 7.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| 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
$110,425
LOAN DETAILS
$1,372
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $98,750 |
| Loan Amount | $296,250 |
5.08
YEARS SAVED
$20,684
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,910
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,919
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
508 Deer Cliff Court Woodstock, GA 5
- 4 beds 4 baths ∙ 2,445 Sqft ∙ Built 1996 4 beds 4 baths ∙ 2,445 Sqft ∙ Built 1996
![property image]()
- Rent
- Rent Per SQFT
- $1,910
- $0.78
-
546 Keeneland Avenue Woodstock, GA 1
- 4 beds 3 baths ∙ 2,369 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,369 Sqft ∙ Built 2002
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LEASED 08/31/20- Rent
- Rent Per SQFT
- $1,695
- $0.72
-
401 Middle Valley Lane Woodstock, GA 2
- 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 1994
![property image]()
LEASED 02/27/20- Rent
- Rent Per SQFT
- $1,790
- $0.78
-
225 Mincey Way Woodstock, GA 3
- 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 2004
![property image]()
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,800
- $0.78
-
420 Middle Valley Lane Woodstock, GA 4
- 4 beds 3 baths ∙ 2,126 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,126 Sqft ∙ Built 1994
![property image]()
LEASED 11/26/19- Rent
- Rent Per SQFT
- $1,825
- $0.86
PROPERTY LISTING DETAILS
1.404.951.7312
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6843610
Last Updated: 02/27/2021
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.
