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5532 Katherine Village Drive Ellenwood, GA 30294

3 Beds 3 Baths 1,544 sqft Built 2004

$197,500

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $127.91
  • 2 Days on Market
  • MLS # : 6803418
  • Updated Date : 11/07/2020 at 07:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,544 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautiful 3 bedroom , 2.5 bath home in a highly desirable community. Very well cared for and ready for immediate move in. Huge lot with a long driveway and 2 car attached garage. Cozy family room with a corner fireplace ; Huge Owner's suite with 2 large secondary bedrooms are part of the list of features too many to list here. A must see.

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

Zip Code: 30294

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Zip Code: 30294

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
East Clayton Elementary School Primary Regular 615 37 5
Adamson Middle School Middle Regular 600 40 5
Morrow High School High Regular 1,830 83 3

East Clayton Elementary School

  • Education Level: Primary
  • # of students: 615
  • # of teachers: 37
5
GreatSchools Rating

Adamson Middle School

  • Education Level: Middle
  • # of students: 600
  • # of teachers: 40
5
GreatSchools Rating

Morrow High School

  • Education Level: High
  • # of students: 1,830
  • # of teachers: 83
3
GreatSchools Rating
 

$177,750$217,250$197,500

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$729
Property Tax -$212
Property Insurance -$57
HOA -$17
Property Management Fees -$119
CASH FLOW
$217

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.

$197,500

PROJECTED PRICE

$1,350

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 9.2%
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

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$58,088

INVESTMENT

$58,088

Down Payment
$49,375
Rehab Estimate
$5,750
Closing Costs
$2,963

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$729

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,375
Loan Amount $148,125
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$26,625

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,274

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,3503$1,499
$1,499
RENT COMPS ANALYSIS
  • 5532 Katherine Village Drive Ellenwood, GA 2
    • 3 beds 3 baths ∙ 1,544 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,544 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.87
    •  
  • 110 Belmont Farms Drive Ellenwood, GA 1
    • 4 beds 2 baths ∙ 1,460 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,460 Sqft ∙ Built 1984
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.82
    •  
  • 5544 Frontier Court Ellenwood, GA 3
    • 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 2004
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.83
    •  
PROPERTY LISTING DETAILS
Ibukun Olu Soyebo
1.678.595.0663
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6803418
Last Updated: 11/07/2020
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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