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537 Water Birch Way Marietta, GA 30066

4 Beds 3 Baths 2,379 sqft Built 2004

$369,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $155.11
  • 7 Days on Market
  • MLS # : 6802073
  • Updated Date : 11/02/2020 at 10:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,379 sqft
  • Baths : 3 full
Listing Agent's Description

The RANCH house that you have been waiting for ! Master on main with NEW UPDATED BATH. New CARPET, new PAINT. Spacious open floor plan. 3 bedrooms plus an office on the main level. Flex room upstairs has full bathroom and closet- perfect for an office, art studio or guest/teen suite. Level, fenced back yard. Low Cobb County taxes, minutes from Whole Foods, Town Center Mall, Private Schools and Interstate. Neighborhood has pool, underground utilities and sidewalk.

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: Hamilton Grove

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $103k343k

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

Neighborhood: Hamilton Grove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9732303

* 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
Sawyer Road Elementary School Primary Charter 786 59 6
Marietta Middle School Middle Charter 1,303 83 5
Marietta High School High Charter 2,061 132 5

Sawyer Road Elementary School

  • Education Level: Primary
  • # of students: 786
  • # of teachers: 59
6
GreatSchools Rating

Marietta Middle School

  • Education Level: Middle
  • # of students: 1,303
  • # of teachers: 83
5
GreatSchools Rating

Marietta High School

  • Education Level: High
  • # of students: 2,061
  • # of teachers: 132
5
GreatSchools Rating
 

$332,100$405,900$369,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,361
Property Tax -$350
Property Insurance -$73
HOA -$54
Property Management Fees -$119
CASH FLOW
$23

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$369,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$103,535

INVESTMENT

$103,535

Down Payment
$92,250
Rehab Estimate
$5,750
Closing Costs
$5,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,250
Loan Amount $276,750
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$19,865

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,034

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,980
1$1,9802$2,0003$2,0504$2,0505$2,300
$2,300
RENT COMPS ANALYSIS
  • 537 Water Birch Way Marietta, GA 1
    • 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.83
    •  
  • 719 Pear Grove Place Marietta, GA 2
    • 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.89
    •  
  • 2005 Mccook Drive Nw Kennesaw, GA 3
    • 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2004
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.81
    •  
  • 509 Water Birch Way Marietta, GA 4
    • 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 2005
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.80
    •  
  • 661 Maple Grove Way Marietta, GA 5
    • 5 beds 3 baths ∙ 2,492 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,492 Sqft ∙ Built 2005
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.92
    •  
PROPERTY LISTING DETAILS
Cynthia Bowman
1.678.613.1469
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6802073
Last Updated: 11/02/2020
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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