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5169 Rosewood Place Fairburn, GA 30213

5 Beds 3 Baths 2,965 sqft Built 2006

$249,900

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $84.28
  • 2 Days on Market
  • MLS # : 6803778
  • Updated Date : 11/02/2020 at 23:10
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,965 sqft
  • Baths : 3 full
Listing Agent's Description

Don't miss this two story home in South Wind! This home offers a NEW ROOF, fresh interior two-tone paint, and new carpet. Formal living and dining rooms flank the foyer and a two story family room with a fireplace open to the kitchen at the back of the home. The kitchen features ample cabinet and counter space and new stainless steel appliances. One bedroom and full bathroom on the main floor, great for guests. The primary suite, three additional bedrooms and two more bathrooms located on the second floor. The primary ensuite bathroom has dual sinks, separate

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

Zip Code: 30213

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Zip Code: 30213

ZipNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171521

* 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
Wolf Creek Elementary School Primary Regular NA
Renaissance Middle School Middle Regular 1,208 83 3
Langston Hughes High School High Regular 1,890 105 3

Wolf Creek Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Renaissance Middle School

  • Education Level: Middle
  • # of students: 1,208
  • # of teachers: 83
3
GreatSchools Rating

Langston Hughes High School

  • Education Level: High
  • # of students: 1,890
  • # of teachers: 105
3
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$922
Property Tax -$219
Property Insurance -$84
HOA -$50
Property Management Fees -$119
CASH FLOW
$475

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.

$249,900

PROJECTED PRICE

$1,870

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 7.6%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

12.25

YEARS SAVED

$57,588

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $1,838

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$1,671
1$1,6712$1,6853$1,7854$1,8505$1,870
$1,870
RENT COMPS ANALYSIS
  • 5169 Rosewood Place Fairburn, GA 5
    • 5 beds 3 baths ∙ 2,965 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,965 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.63
    •  
  • 5018 Upper Elm Street Atlanta, GA 1
    • 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2004
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,671
    • $0.60
    •  
  • 4185 Post Oak Grove Atlanta, GA 2
    • 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 2006
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.63
    •  
  • 2154 Dodson Woods Drive Fairburn, GA 3
    • 4 beds 3 baths ∙ 2,816 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,816 Sqft ∙ Built 2016
    property image
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.63
    •  
  • 7500 Jumpers Trail Fairburn, GA 4
    • 5 beds 3 baths ∙ 2,986 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,986 Sqft ∙ Built 2005
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.62
    •  
PROPERTY LISTING DETAILS
Jacqueline Shaffer
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6803778
Last Updated: 11/02/2020
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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