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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $85.43
- 1 Days on Market
- MLS # : 6843046
- Updated Date : 02/20/2021 at 23:41
CONSTRUCTION
- Beds : 4
- Floor Size : 2,340 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Come see this beautiful, Contemporary 4 bedroom, 2.5 bathroom home. It is being sold "as is" but has a ton of potential and is ready for your personal touch. It has a formal living room, separate dining room which flows into the kitchen and the family room which overlooks the private fenced backyard. Convenient to the interstates and close to shopping. It won't last! Make an appointment now!
SEE MORE
- 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: 30088
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30088
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,630 |
| EXPENSES | Loan Payment | -$694 |
| Property Tax | -$291 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$454
|
||
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.
$199,900
PROJECTED PRICE
$1,630
PROJECTED RENT
0.82%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$58,724
LOAN DETAILS
$694
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $49,975 |
| Loan Amount | $149,925 |
13.33
YEARS SAVED
$43,330
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,630
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$1,679
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
5342 Kelleys Creek Drive Stone Mountain, GA 4
- 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $1,630
- $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
-
4590 Cedar Ridge Trail Stone Mountain, GA 2
- 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 1972
LEASED 05/19/20- Rent
- Rent Per SQFT
- $1,595
- $0.70
-
1493 Stoneleigh Hill Road Lithonia, GA 3
- 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
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6843046
Last Updated: 02/20/2021
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.
