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5221 Highway 5 Douglasville, GA 30135

3 Beds 2 Baths 1,092 sqft Built 1971

$160,000

List Price

$990

$891 - $1.1K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1971
  • Price/Sqft : $146.52
  • 3 Days on Market
  • MLS # : 6805662
  • Updated Date : 11/07/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,092 sqft
  • Baths : 2 full

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: 30135

ZipNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200kPrice in $100k209k

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

Zip Code: 30135

ZipNIR Market*CityMarket2010Year20002019 Q295010001050110011501200125013001350140014501500Rent in $9311509

* 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
Bill Arp Elementary School Primary Regular 628 37 5
Fairplay Middle School Middle Regular 530 30 7
Alexander High School High Regular 1,729 96 7

Bill Arp Elementary School

  • Education Level: Primary
  • # of students: 628
  • # of teachers: 37
5
GreatSchools Rating

Fairplay Middle School

  • Education Level: Middle
  • # of students: 530
  • # of teachers: 30
7
GreatSchools Rating

Alexander High School

  • Education Level: High
  • # of students: 1,729
  • # of teachers: 96
7
GreatSchools Rating
 

$144,000$176,000$160,000

PURCHASE PRICE

$891$1,089$990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $990
EXPENSES Loan Payment -$590
Property Tax -$146
Property Insurance -$48
Property Management Fees -$119
CASH FLOW
$86

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.

$160,000

PROJECTED PRICE

$990

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$48,150

INVESTMENT

$48,150

Down Payment
$40,000
Rehab Estimate
$5,750
Closing Costs
$2,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$590

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $40,000
Loan Amount $120,000
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$16,080

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $990

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,019

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$990
1$9902$1,0813$1,2174$1,290
$1,290
RENT COMPS ANALYSIS
  • 5221 Highway 5 Douglasville, GA 1
    • 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $990
    • $0.91
    •  
  • 4971 Oakdale Drive Douglasville, GA 2
    • 3 beds 2 baths ∙ 1,158 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,158 Sqft ∙ Built 1971
    property image
    LEASED 07/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,081
    • $0.93
    •  
  • 5021 Oakdale Drive Douglasville, GA 3
    • 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1972
    property image
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,217
    • $0.96
    •  
  • 6814 Laurel View Court Douglasville, GA 4
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1976
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.91
    •  
PROPERTY LISTING DETAILS
Jamel Dacosta
1.404.661.4913
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6805662
Last Updated: 11/07/2020
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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