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5435 Saint Lo Lane College Park, GA 30349

3 Beds 2 Baths 1,508 sqft Built 1967

$165,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $109.42
  • 5 Days on Market
  • MLS # : 6827434
  • Updated Date : 01/14/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,508 sqft
  • Baths : 2 full
Listing Agent's Description

Amazing opportunity own this great property, just minutes away from the new Airport city in College Park and as home prices are rapidly rising. Don't miss out on this opportunity. Property does have a brand new roof and ready for you final touches.

SEE MORE

MARKET HIGHLIGHTS

  • #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).
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 World’s Busiest Airport(Airports Council International, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Zip Code: 30349

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Zip Code: 30349

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
Heritage Elementary School Primary Regular 770 54 3
Woodland Middle School Middle Regular 1,033 83 NA
Benjamin Banneker High School High Regular 1,411 104 2

Heritage Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 54
3
GreatSchools Rating

Woodland Middle School

  • Education Level: Middle
  • # of students: 1,033
  • # of teachers: 83
NA
GreatSchools Rating

Benjamin Banneker High School

  • Education Level: High
  • # of students: 1,411
  • # of teachers: 104
2
GreatSchools Rating
 

$148,500$181,500$165,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$573
Property Tax -$121
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
$421

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.

$165,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$49,475

INVESTMENT

$49,475

Down Payment
$41,250
Rehab Estimate
$5,750
Closing Costs
$2,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$573

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $41,250
Loan Amount $123,750
See What Happens When You Reinvest Cash Flow

14.5

YEARS SAVED

$40,253

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,169

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,090
1$1,0902$1,1003$1,1994$1,2905$1,331
$1,331
RENT COMPS ANALYSIS
  • 5435 Saint Lo Lane College Park, GA 4
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.86
    •  
  • 5289 Chantilly Terrace College Park, GA 1
    • 4 beds 2 baths ∙ 1,367 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,367 Sqft ∙ Built 1963
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,090
    • $0.80
    •  
  • 500 Cedar Wood Court Atlanta, GA 2
    • 4 beds 2 baths ∙ 1,456 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,456 Sqft ∙ Built 1973
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.76
    •  
  • 5257 Norman Boulevard Atlanta, GA 3
    • 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1963
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $0.76
    •  
  • 2640 Burdett Road Atlanta, GA 5
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1968
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,331
    • $0.78
    •  
PROPERTY LISTING DETAILS
Robert Yancy
1.678.358.1581
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6827434
Last Updated: 01/14/2021
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. © 2017 First Multiple Listing Service, Inc.

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