Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

571 Rosewood Circle Jonesboro, GA 30238

4 Beds 3 Baths 1,865 sqft Built 2001

$179,900

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $96.46
  • 3 Days on Market
  • MLS # : 6831621
  • Updated Date : 01/23/2021 at 11:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,865 sqft
  • Baths : 3 full
Listing Agent's Description

Wonderful home! located in safe and quiet Ivy Place At Hawthorne subdivision. Beautiful cathedral ceilings. Inviting living space with gas starter fireplace and large window that allow plenty of natural light. Spacious kitchen with open dining area. Deck accessible from kitchen. Gorgeous master suite with separate garden tub, separate shower and walk-in closet. Bedrooms 2/3 and full bathroom on main level. Basement with 4th bedroom, full bathroom and multi purpose room. Appliances include refrigerator, stove and dishwasher. Won't last long!

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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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

Neighborhood: Irondale

NeighborhoodNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $77k209k

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

Neighborhood: Irondale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7591509

* 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
Hawthorne Elementary School Primary Regular 917 56 5
Mundys Mill Middle School Middle Regular 795 47 3
Lovejoy High School High Regular 1,992 96 3

Hawthorne Elementary School

  • Education Level: Primary
  • # of students: 917
  • # of teachers: 56
5
GreatSchools Rating

Mundys Mill Middle School

  • Education Level: Middle
  • # of students: 795
  • # of teachers: 47
3
GreatSchools Rating

Lovejoy High School

  • Education Level: High
  • # of students: 1,992
  • # of teachers: 96
3
GreatSchools Rating
 

$161,910$197,890$179,900

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$625
Property Tax -$198
Property Insurance -$63
HOA -$25
Property Management Fees -$119
CASH FLOW
$400

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.

$179,900

PROJECTED PRICE

$1,430

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 5.8%
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

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$53,424

INVESTMENT

$53,424

Down Payment
$44,975
Rehab Estimate
$5,750
Closing Costs
$2,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $44,975
Loan Amount $134,925
See What Happens When You Reinvest Cash Flow

13.33

YEARS SAVED

$38,903

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,333

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,430
1$1,4302$1,4453$1,575
$1,575
RENT COMPS ANALYSIS
  • 571 Rosewood Circle Jonesboro, GA 1
    • 4 beds 3 baths ∙ 1,865 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,865 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.77
    •  
  • 576 Rosewood Circle Jonesboro, GA 2
    • 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 2000
    property image
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.71
    •  
  • 1487 Buckingham Court Hampton, GA 3
    • 5 beds 3 baths ∙ 2,179 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,179 Sqft ∙ Built 1999
    property image
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.72
    •  
PROPERTY LISTING DETAILS
George Render
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6831621
Last Updated: 01/23/2021
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.

BESbswy