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5720 Buck Court Ellenwood, GA 30294

3 Beds 2 Baths 1,232 sqft Built 1985

$159,900

List Price

$1,140

$1K - $1.3K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $129.79
  • 4 Days on Market
  • MLS # : 6823066
  • Updated Date : 01/01/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,232 sqft
  • Baths : 2 full
Listing Agent's Description

Step inside of this charming 3 bedroom, 2 bathroom home in the Springfield community! Upon entry, you'll be greeted by a welcoming living room complete with hardwood-like floors and a cozy stone fireplace. Enjoy ample cabinet space and stainless steel appliances in the kitchen. Head back to the primary bedroom that offers a walk-in closet and a private en suite bathroom with double vanity sinks. You'll love entertaining guests and family in the finished basement or on the deck in the backyard. This home is near schools, Clayton State, and local shops!

SEE MORE

MARKET HIGHLIGHTS

  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • 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)
  • 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 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
Marshall Elementary School Primary Regular 919 45 5
Morrow Middle School Middle Regular 681 44 5
Morrow High School High Regular 1,830 83 3

Marshall Elementary School

  • Education Level: Primary
  • # of students: 919
  • # of teachers: 45
5
GreatSchools Rating

Morrow Middle School

  • Education Level: Middle
  • # of students: 681
  • # of teachers: 44
5
GreatSchools Rating

Morrow High School

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

$143,910$175,890$159,900

PURCHASE PRICE

$1,026$1,254$1,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,140
EXPENSES Loan Payment -$590
Property Tax -$172
Property Insurance -$51
Property Management Fees -$119
CASH FLOW
$209

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.

$159,900

PROJECTED PRICE

$1,140

PROJECTED RENT

0.71%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$48,124

INVESTMENT

$48,124

Down Payment
$39,975
Rehab Estimate
$5,750
Closing Costs
$2,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$590

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $39,975
Loan Amount $119,925
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$25,609

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,140

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $995

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,125
1$1,1252$1,1403$1,1884$1,2305$1,275
$1,275
RENT COMPS ANALYSIS
  • 5720 Buck Court Ellenwood, GA 2
    • 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,140
    • $0.93
    •  
  • 2603 Lilac Drive Morrow, GA 1
    • 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1968
    LEASED 08/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.81
    •  
  • 6511 Melandre Drive Morrow, GA 3
    • 3 beds 3 baths ∙ 1,561 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,561 Sqft ∙ Built 1974
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,188
    • $0.76
    •  
  • 2389 Old Rex Morrow Road Ellenwood, GA 4
    • 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1983
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $0.83
    •  
  • 5521 Sapphire Circle Ellenwood, GA 5
    • 3 beds 3 baths ∙ 1,534 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,534 Sqft ∙ Built 2004
    LEASED 08/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.83
    •  
PROPERTY LISTING DETAILS
Michelle Sanders
1.678.884.7933
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6823066
Last Updated: 01/01/2021
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. © 2017 First Multiple Listing Service, Inc.

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