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5280 Golfcrest Circle Stone Mountain, GA 30088

5 Beds 3 Baths 2,271 sqft Built 1974

$289,900

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $127.65
  • 7 Days on Market
  • MLS # : 6823735
  • Updated Date : 01/05/2021 at 08:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,271 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautiful homes awaits its next owner. The home features new carpet, updated bathrooms, updated light light fixtures, updated plumbing fixtures, freshly paint and new kitchen granite and tile backsplash. This house has lots of space, formal dining room, formal living room, Den area, large kitchen and a large open room in the basement. The backyard is flat and offers plenty of space and its a covered porch on the rear great for entertaining.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Zip Code: 30088

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $81k209k

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

Zip Code: 30088

ZipNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171509

* 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
Woodridge Elementary School Primary Regular 585 34 4
Miller Grove Middle School Middle Regular 977 61 3
Miller Grove High School High Regular 1,551 83 4

Woodridge Elementary School

  • Education Level: Primary
  • # of students: 585
  • # of teachers: 34
4
GreatSchools Rating

Miller Grove Middle School

  • Education Level: Middle
  • # of students: 977
  • # of teachers: 61
3
GreatSchools Rating

Miller Grove High School

  • Education Level: High
  • # of students: 1,551
  • # of teachers: 83
4
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,007
Property Tax -$422
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
-$29

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.

$289,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.8%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$5,393

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,612

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,365
1$1,3652$1,4993$1,5904$1,6255$1,695
$1,695
RENT COMPS ANALYSIS
  • 5280 Golfcrest Circle Stone Mountain, GA 3
    • 5 beds 3 baths ∙ 2,271 Sqft ∙ Built 1974 5 beds 3 baths ∙ 2,271 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.70
    •  
  • 5386 Black Rock Court Stone Mountain, GA 1
    • 4 beds 3 baths ∙ 2,028 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,028 Sqft ∙ Built 1977
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,365
    • $0.67
    •  
  • 4837 Terrace Green Trace Stone Mountain, GA 2
    • 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 1990
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.67
    •  
  • 1493 Stoneleigh Hill Road Lithonia, GA 4
    • 4 beds 2 baths ∙ 2,218 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,218 Sqft ∙ Built 1979
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.73
    •  
  • 1731 Fieldgreen Overlook Stone Mountain, GA 5
    • 5 beds 3 baths ∙ 2,213 Sqft ∙ Built 1977 5 beds 3 baths ∙ 2,213 Sqft ∙ Built 1977
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.77
    •  
PROPERTY LISTING DETAILS
Celine Higgins
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6823735
Last Updated: 01/05/2021
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. © 2017 First Multiple Listing Service, Inc.

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