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5270 Kershaw Court # 2 Smyrna, GA 30080

3 Beds 3 Baths 2,320 sqft Built 2004

INVESTimate

$280,000

List Price

$2,100

$1,890 - $2,310

Rent Est.

$298,312  ( +6.54%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $120.69
  • 3 Days on Market
  • MLS # : 6771575
  • Updated Date : 08/25/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,320 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Neat & attractive Townhome in great Smyrna location, minutes from I-285 off South Cobb Drive. Conveniently close to Buckhead, Downtown, Vinings and Airport. Updated kitchen and light fixtures, new carpets on upper and lower bedroom. Hardwood floors in the foyer, kitchen,and powder room. Granite countertop in kitchen, coffered ceiling in living room and trey ceiling in dining room. Master bedroom with vaulted ceiling, walk-in closet, and a mid size secondary bedroom. Third bedroom on lower lever has unfinished 3rd bath that simply need sheet rocks, shower and toilet.

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

Neighborhood: Carriage Hill

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Carriage Hill

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732026

* 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
Nickajack Elementary School Primary Regular 1,126 75 7
Campbell Middle School Middle Regular 1,416 77 6
Campbell High School High Regular 2,509 135 5

Nickajack Elementary School

  • Education Level: Primary
  • # of students: 1,126
  • # of teachers: 75
7
GreatSchools Rating

Campbell Middle School

  • Education Level: Middle
  • # of students: 1,416
  • # of teachers: 77
6
GreatSchools Rating

Campbell High School

  • Education Level: High
  • # of students: 2,509
  • # of teachers: 135
5
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,033
Property Tax -$330
Property Insurance -$72
HOA -$190
Property Management Fees -$119
CASH FLOW
$356

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.

$280,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.54%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

10.5

YEARS SAVED

$51,241

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,366

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,3003$2,3004$2,4005$2,650
$2,650
RENT COMPS ANALYSIS
  • 5270 Kershaw Court Smyrna, 1
    • 3 beds 3 baths ∙ 2,320 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,320 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.91
    •  
  • 5004 Groover Drive Se Smyrna, 2
    • 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 2011
    property image
    LEASED 04/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.95
    •  
  • 2655 Paul Avenue Nw Atlanta, 3
    • 3 beds 3 baths ∙ 2,396 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,396 Sqft ∙ Built 2006
    property image
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.96
    •  
  • 2117 Wylmoor Way Smyrna, 4
    • 3 beds 4 baths ∙ 2,304 Sqft ∙ Built 2007 3 beds 4 baths ∙ 2,304 Sqft ∙ Built 2007
    property image
    LEASED 04/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.04
    •  
  • 5181 Heather Road Se Smyrna, 5
    • 4 beds 3 baths ∙ 2,349 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,349 Sqft ∙ Built 2006
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.13
    •  
PROPERTY LISTING DETAILS
Jay Badru
1.404.583.8658
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6771575
Last Updated: 08/25/2020
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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