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5300 Tussahaw Crossing Mcdonough, GA 30252

3 Beds 3 Baths 1,302 sqft Built 2002

INVESTimate

$155,000

List Price

$1,080

$972 - $1,188

Rent Est.

$163,882  ( +5.73%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $119.05
  • 7 Days on Market
  • MLS # : 6761484
  • Updated Date : 08/22/2020 at 11:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,302 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

VACANT! Come see this two story home in City Square! This home offers a NEW ROOF, fresh interior two-tone paint, new luxury vinyl flooring, and new carpet. Cozy up with the fireplace in the living room. The kitchen has been completely remodeled with new cabinets and countertops, and new stainless steel appliances. Half bathroom on the main floor for guests' convenience. The primary bedroom, two additional bedrooms and another full bathroom located on the second floor. The primary bedroom has a full ensuite bathroom. Private fenced backyard with a deck for outdoor

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: Adams Walk at City Square

NeighborhoodNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $70k209k

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

Neighborhood: Adams Walk at City Square

NeighborhoodNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8141509

* 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
Tussahaw Elementary School Primary Regular 565 38 3
Henry County Middle School Middle Regular 789 49 3
Henry County High School High Regular 1,031 116 3

Tussahaw Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 38
3
GreatSchools Rating

Henry County Middle School

  • Education Level: Middle
  • # of students: 789
  • # of teachers: 49
3
GreatSchools Rating

Henry County High School

  • Education Level: High
  • # of students: 1,031
  • # of teachers: 116
3
GreatSchools Rating
 

$139,500$170,500$155,000

PURCHASE PRICE

$972$1,188$1,080

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,080
EXPENSES Loan Payment -$572
Property Tax -$185
Property Insurance -$52
HOA -$29
Property Management Fees -$119
CASH FLOW
$122

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.

$155,000

PROJECTED PRICE

$1,080

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 5.73%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$46,825

INVESTMENT

$46,825

Down Payment
$38,750
Rehab Estimate
$5,750
Closing Costs
$2,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$572

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $38,750
Loan Amount $116,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$14,303

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,080

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,133

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,080
1$1,0802$1,2453$1,3454$1,3505$1,495
$1,495
RENT COMPS ANALYSIS
  • 5300 Tussahaw Crossing Mcdonough, 1
    • 3 beds 3 baths ∙ 1,302 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,302 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,080
    • $0.83
    •  
  • 5075 Tussahaw Crossing Mcdonough, 2
    • 3 beds 3 baths ∙ 1,473 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,473 Sqft ∙ Built 2001
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.85
    •  
  • 1740 New Orleans Way Mcdonough, 3
    • 3 beds 3 baths ∙ 1,558 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,558 Sqft ∙ Built 2002
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.86
    •  
  • 6340 Winston Trace Mcdonough, 4
    • 4 beds 3 baths ∙ 1,560 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,560 Sqft ∙ Built 2002
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.87
    •  
  • 1855 Neighborhood Walk Mcdonough, 5
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 2004
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.90
    •  
PROPERTY LISTING DETAILS
Jacqueline Shaffer
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6761484
Last Updated: 08/22/2020
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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