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5168 Stone Trace Stone Mountain, GA 30083

4 Beds 3 Baths 2,074 sqft Built 1982

$200,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $96.43
  • 3 Days on Market
  • MLS # : 6846566
  • Updated Date : 02/26/2021 at 20:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,074 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Comfortable 4 bedroom, 2.5 bath traditional home is located on a quiet tree-lined street in Mountain View, mere minutes from Stone Mountain Park! This home combines the sleek feel of contemporary design with a warm aesthetic. An inviting front porch overlooks the spacious, level front yard. Newer windows throughout let in ample natural light into the formal living room. Adjoining dining room is perfect for entertaining guests and everyday meals at home. A well-appointed kitchen offers an abundance of storage. Fireside den is perfect for winding down and relaxing. Right

SEE MORE

MARKET HIGHLIGHTS

  • 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: Stone Mountain

NeighborhoodNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $73k209k

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

Neighborhood: Stone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280085090095010001050110011501200125013001350140014501500Rent in $7851509

* 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
Stone Mill Elementary School Primary Regular 571 33 4
Stone Mountain Middle School Middle Regular 918 63 3
Stone Mountain High School High Regular 1,062 68 3

Stone Mill Elementary School

  • Education Level: Primary
  • # of students: 571
  • # of teachers: 33
4
GreatSchools Rating

Stone Mountain Middle School

  • Education Level: Middle
  • # of students: 918
  • # of teachers: 63
3
GreatSchools Rating

Stone Mountain High School

  • Education Level: High
  • # of students: 1,062
  • # of teachers: 68
3
GreatSchools Rating
 

$180,000$220,000$200,000

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 -$695
Property Tax -$367
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
$222

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.

$200,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 9.0%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$695

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$19,808

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
  • $0.71

    LIST RENT PER SQFT
  • $1,602

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,385
1$1,3852$1,4503$1,4704$1,6855$1,700
$1,700
RENT COMPS ANALYSIS
  • 5168 Stone Trace Stone Mountain, GA 3
    • 4 beds 3 baths ∙ 2,074 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,074 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.71
    •  
  • 5092 Stone Trace Stone Mountain, GA 1
    • 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 1980 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 1980
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,385
    • $0.73
    •  
  • 1078 New Gibraltar Square Stone Mountain, GA 2
    • 3 beds 3 baths ∙ 1,991 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,991 Sqft ∙ Built 1986
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.73
    •  
  • 802 San Miguel Drive Stone Mountain, GA 4
    • 4 beds 2 baths ∙ 2,053 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,053 Sqft ∙ Built 1977
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.82
    •  
  • 725 San Miguel Drive Stone Mountain, GA 5
    • 3 beds 3 baths ∙ 2,101 Sqft ∙ Built 1972 3 beds 3 baths ∙ 2,101 Sqft ∙ Built 1972
    property image
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.81
    •  
PROPERTY LISTING DETAILS
Karen Smyth
1.404.419.3672
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6846566
Last Updated: 02/26/2021
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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