Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

532 Camano Way Mcdonough, GA 30253

5 Beds 4 Baths 2,669 sqft Built 2014

$335,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $125.52
  • 3 Days on Market
  • MLS # : 6842429
  • Updated Date : 02/20/2021 at 08:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,669 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Built in 2014, this McDonough two-story home offers granite countertops, and a two-car garage. This home is vacant and cleaned regularly.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30253

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Zip Code: 30253

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
Flippen Elementary School Primary Regular 646 45 5
Eagle's Landing Middle School Middle Regular 987 55 5
Eagle's Landing High School High Regular 1,226 75 5

Flippen Elementary School

  • Education Level: Primary
  • # of students: 646
  • # of teachers: 45
5
GreatSchools Rating

Eagle's Landing Middle School

  • Education Level: Middle
  • # of students: 987
  • # of teachers: 55
5
GreatSchools Rating

Eagle's Landing High School

  • Education Level: High
  • # of students: 1,226
  • # of teachers: 75
5
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,164
Property Tax -$386
Property Insurance -$79
HOA -$50
Property Management Fees -$119
CASH FLOW
$53

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.

$335,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 6.5%
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$12k$14k

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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$11,497

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,822

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6353$1,7304$1,7455$1,850
$1,850
RENT COMPS ANALYSIS
  • 532 Camano Way Mcdonough, GA 5
    • 5 beds 4 baths ∙ 2,669 Sqft ∙ Built 2014 5 beds 4 baths ∙ 2,669 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.69
    •  
  • 1035 Maple Leaf Drive Mcdonough, GA 1
    • 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 2002
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.66
    •  
  • 136 Janney Circle Mcdonough, GA 2
    • 5 beds 4 baths ∙ 2,593 Sqft ∙ Built 2007 5 beds 4 baths ∙ 2,593 Sqft ∙ Built 2007
    property image
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $0.63
    •  
  • 141 Vinings Drive Mcdonough, GA 3
    • 5 beds 3 baths ∙ 2,416 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,416 Sqft ∙ Built 2003
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.72
    •  
  • 228 Grover Turner Way Mcdonough, GA 4
    • 5 beds 3 baths ∙ 2,436 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,436 Sqft ∙ Built 2003
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.72
    •  
PROPERTY LISTING DETAILS
Kim Klir
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6842429
Last Updated: 02/20/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

BESbswy