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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $71.05
- 2 Days on Market
- MLS # : 6813133
- Updated Date : 11/28/2020 at 03:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,252 sqft
- Baths : 2 full
Listing Agent's Description
LOTS OF ROOM AND A LOT OF HOUSE FOR THE MONEY. Spacious 4/2 in College Park, less than 10 miles from Hartsfield-Jackson International Airport. Home needs a little TLC, perfect investment home/first time homebuyer. Sold As-Is ***No Showing until further notice, contact agent for inquiries.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 30349
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30349
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$590 |
| Property Tax | -$204 | |
| Property Insurance | -$71 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$586
|
||
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.
$160,000
PROJECTED PRICE
$1,570
PROJECTED RENT
0.98%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 8.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$48,150
LOAN DETAILS
$590
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $40,000 |
| Loan Amount | $120,000 |
17.17
YEARS SAVED
$53,837
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$1,700
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
5290 Forest Downs Lane College Park, GA 3
- 4 beds 2 baths ∙ 2,252 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,252 Sqft ∙ Built 1988
![property image]()
- Rent
- Rent Per SQFT
- $1,570
- $0.70
-
4961 Rapahoe Trail Atlanta, GA 1
- 3 beds 3 baths ∙ 1,927 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,927 Sqft ∙ Built 2007
![property image]()
LEASED 08/26/19- Rent
- Rent Per SQFT
- $1,475
- $0.77
-
5429 Rock Lake Drive Atlanta, GA 2
- 5 beds 3 baths ∙ 2,304 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,304 Sqft ∙ Built 2004
![property image]()
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,550
- $0.67
-
8762 Valley Lakes Court Union City, GA 4
- 3 beds 2 baths ∙ 2,259 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,259 Sqft ∙ Built 2001
![property image]()
LEASED 04/28/20- Rent
- Rent Per SQFT
- $1,695
- $0.75
-
5275 Forest Downs Lane College Park, GA 5
- 4 beds 2 baths ∙ 2,114 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,114 Sqft ∙ Built 1988
![property image]()
LEASED 06/05/20- Rent
- Rent Per SQFT
- $1,750
- $0.83
PROPERTY LISTING DETAILS
1.404.661.2755
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6813133
Last Updated: 11/28/2020
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.
