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55 Country Roads Circle Stockbridge, GA 30281

3 Beds 3 Baths 2,013 sqft Built 1980

$215,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $106.81
  • 3 Days on Market
  • MLS # : 6839098
  • Updated Date : 02/13/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,013 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautiful 3 bed 2.5 bath home in a quiet well maintained neighborhood with newer insulated windows. Large kitchen with tons of counter space flows into dinning room with big picture window overlooking large front yard. Family room with fireplace is ready for your holiday gatherings with plenty of room to spread out. The sunroom just off the family room is ready to be a man cave, play room, craft room....the possibilities are endless.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 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)

PRICE & RENT TRENDS

Neighborhood: Country Roads

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Neighborhood: Country Roads

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8171572

* 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
Cotton Indian Elementary School Primary Regular 686 45 3
Austin Road Middle School Middle Regular 730 40 6
Stockbridge High School High Regular 1,442 84 5

Cotton Indian Elementary School

  • Education Level: Primary
  • # of students: 686
  • # of teachers: 45
3
GreatSchools Rating

Austin Road Middle School

  • Education Level: Middle
  • # of students: 730
  • # of teachers: 40
6
GreatSchools Rating

Stockbridge High School

  • Education Level: High
  • # of students: 1,442
  • # of teachers: 84
5
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$747
Property Tax -$248
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
$480

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.

$215,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.6%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

13.5

YEARS SAVED

$47,414

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,684

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,171
1$1,1712$1,5253$1,6604$1,960
$1,960
RENT COMPS ANALYSIS
  • 55 Country Roads Circle Stockbridge, GA 3
    • 3 beds 3 baths ∙ 2,013 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,013 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.82
    •  
  • 210 Chimney Ridge Trail Stockbridge, GA 1
    • 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 1976
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,171
    • $0.63
    •  
  • 120 Windsong Court Stockbridge, GA 2
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1983
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.84
    •  
  • 401 Cannonball Court Stockbridge, GA 4
    • 3 beds 4 baths ∙ 1,883 Sqft ∙ Built 1993 3 beds 4 baths ∙ 1,883 Sqft ∙ Built 1993
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $1.04
    •  
PROPERTY LISTING DETAILS
Deeanna Nugent
1.770.861.4682
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6839098
Last Updated: 02/13/2021
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.

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