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PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $154.45
- 3 Days on Market
- MLS # : 6820471
- Updated Date : 12/19/2020 at 15:40
CONSTRUCTION
- Beds : 4
- Floor Size : 1,877 sqft
- Baths : 2 full
Listing Agent's Description
Nice 4 bedroom / 2 bath split level in Lassiter High School district. New paint inside and out. New carpet and laminate flooring throughout, as well as several other upgrades. Rec/Family room on lower level with fireplace. level fenced back yard. Great value for the area. Potential Commercial.
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)
- 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)
- #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)
PRICE & RENT TRENDS
Zip Code: 30188
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30188
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,790 |
| EXPENSES | Loan Payment | -$1,070 |
| Property Tax | -$256 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$282
|
||
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.
$289,900
PROJECTED PRICE
$1,790
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 6.9% |
| 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
$82,574
LOAN DETAILS
$1,070
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,475 |
| Loan Amount | $217,425 |
9.92
YEARS SAVED
$48,723
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,790
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,852
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
5090 Alabama Road Ne Woodstock, GA 2
- 4 beds 2 baths ∙ 1,877 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,877 Sqft ∙ Built 1972
- Rent
- Rent Per SQFT
- $1,790
- $0.95
-
4720 York Place Ne Roswell, GA 1
- 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1971
LEASED 09/25/20- Rent
- Rent Per SQFT
- $1,650
- $1.04
-
4453 Old Mabry Place Roswell, GA 3
- 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 1977 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 1977
LEASED 03/26/20- Rent
- Rent Per SQFT
- $1,950
- $0.90
-
4200 Nowata Drive Ne Roswell, GA 4
- 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1985
LEASED 08/25/20- Rent
- Rent Per SQFT
- $1,950
- $1.02
PROPERTY LISTING DETAILS
1.404.626.0903
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6820471
Last Updated: 12/19/2020
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.
