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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $130.16
- 2 Days on Market
- MLS # : 6820564
- Updated Date : 12/19/2020 at 18:29
CONSTRUCTION
- Beds : 3
- Floor Size : 1,767 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Perfect family home to start 2021! Absolutely nothing to do but move in and enjoy. This home has been recently renovated-you will love all the features. 2 story great room has hardwoods with views to the updated kitchen, gas fireplace, and mostly fenced rear yard (perfect for kids and pets). Oversized master bedroom boasts a sitting area that is perfect to use as a home office. Secondary bedrooms are large and have large closets. Large dining room is perfect for gatherings. New HVAC, paint, flooring and so much more. All in a great location. Must see. Don't snooze!
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Neighborhood: Heritage Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Heritage Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,540 |
| EXPENSES | Loan Payment | -$849 |
| Property Tax | -$211 | |
| Property Insurance | -$61 | |
| HOA | -$23 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$278
|
||
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.
$230,000
PROJECTED PRICE
$1,540
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 8.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$66,700
LOAN DETAILS
$849
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,500 |
| Loan Amount | $172,500 |
10.33
YEARS SAVED
$41,180
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,540
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,617
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
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5708 Newnan Circle Austell, GA 1
- 3 beds 3 baths ∙ 1,767 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,767 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,540
- $0.87
-
3345 Slate Drive Austell, GA 2
- 4 beds 3 baths ∙ 1,685 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,685 Sqft ∙ Built 2000
LEASED 07/12/20- Rent
- Rent Per SQFT
- $1,600
- $0.95
-
4283 Chads Park Drive Powder Springs, GA 3
- 4 beds 3 baths ∙ 1,750 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,750 Sqft ∙ Built 2019
LEASED 11/11/20- Rent
- Rent Per SQFT
- $1,650
- $0.94
-
4040 Brookfield Way Austell, GA 4
- 4 beds 3 baths ∙ 2,083 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,083 Sqft ∙ Built 2001
LEASED 05/02/20- Rent
- Rent Per SQFT
- $1,755
- $0.84
-
5756 Newnan Circle Austell, GA 5
- 4 beds 3 baths ∙ 1,993 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,993 Sqft ∙ Built 2003
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,850
- $0.93
PROPERTY LISTING DETAILS
1.678.467.9816
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6820564
Last Updated: 12/19/2020
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.
