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5566 Grammercy Drive Sw Atlanta, GA 30349

5 Beds 4 Baths 2,471 sqft Built 2003

$299,500

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $121.21
  • 3 Days on Market
  • MLS # : 6810309
  • Updated Date : 11/21/2020 at 08:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,471 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Welcome home, to tree-lined sidewalks offering convenience & luxury of Atlanta without the traffic! Enjoy the fireplace in your oversized family room with high ceilings and lots of natural light. Open kitchen with island, breakfast area, walk in pantry, Large master bedroom. A MAN CAVE that a man will never want to leave. It has everything including the kitchen sink (Full Kitchen), two bedrooms and a full bathroom with garden tub/jacuzzi. Private and flat backyard perfect for kids, dogs, grilling out.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30349

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $82k235k

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

Zip Code: 30349

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8171714

* 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
Stonewall Tell Elementary School Primary Regular 1,120 63 7
Sandtown Middle School Middle Regular 1,168 80 3
Westlake High School High Regular 2,023 116 6

Stonewall Tell Elementary School

  • Education Level: Primary
  • # of students: 1,120
  • # of teachers: 63
7
GreatSchools Rating

Sandtown Middle School

  • Education Level: Middle
  • # of students: 1,168
  • # of teachers: 80
3
GreatSchools Rating

Westlake High School

  • Education Level: High
  • # of students: 2,023
  • # of teachers: 116
6
GreatSchools Rating
 

$269,550$329,450$299,500

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,105
Property Tax -$334
Property Insurance -$75
HOA -$42
Property Management Fees -$119
CASH FLOW
$146

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.

$299,500

PROJECTED PRICE

$1,820

PROJECTED RENT

0.61%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,118

INVESTMENT

$85,118

Down Payment
$74,875
Rehab Estimate
$5,750
Closing Costs
$4,493

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,105

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,875
Loan Amount $224,625
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$20,887

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,010

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,7403$1,8204$2,400
$2,400
RENT COMPS ANALYSIS
  • 5566 Grammercy Drive Sw Atlanta, GA 3
    • 5 beds 4 baths ∙ 2,471 Sqft ∙ Built 2003 5 beds 4 baths ∙ 2,471 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.74
    •  
  • 5920 Catawba Way College Park, GA 1
    • 5 beds 4 baths ∙ 2,320 Sqft ∙ Built 1993 5 beds 4 baths ∙ 2,320 Sqft ∙ Built 1993
    LEASED 06/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.66
    •  
  • 3555 Umatilla Lane Sw Atlanta, GA 2
    • 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 2007
    LEASED 06/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.69
    •  
  • 2812 Wolf Club Court Sw Atlanta, GA 4
    • 4 beds 3 baths ∙ 2,198 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,198 Sqft ∙ Built 2003
    LEASED 07/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.09
    •  
PROPERTY LISTING DETAILS
Olivia Buckmon
1.678.923.3232
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6810309
Last Updated: 11/21/2020
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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