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5753 Wenona Street Douglasville, GA 30135

3 Beds 2 Baths 1,513 sqft Built 1969

$189,900

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $125.51
  • 5 Days on Market
  • MLS # : 6822923
  • Updated Date : 12/31/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,513 sqft
  • Baths : 2 full
Listing Agent's Description

Don't miss this one! 3/2 All Brick ranch on a full unfinished basement! Less than a mile from I-20. Fenced yard & Large screened in porch, detached pavillon for picnic and family gatherings. The large open family room is fantastic, updated kitchen with oak cabinets, all kitchen appliances stay, laundry room off the kithcen on the main floor with the bedrooms. 2 car side entry carport kitchen level. All nested on large level lot.

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

Neighborhood: Cherokee Manor

NeighborhoodNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $75k209k

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

Neighborhood: Cherokee Manor

NeighborhoodNIR 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
Arbor Station Elementary School Primary Regular 601 36 6
Yeager Middle School Middle Regular 536 34 4
Chapel Hill High School High Regular 1,253 70 6

Arbor Station Elementary School

  • Education Level: Primary
  • # of students: 601
  • # of teachers: 36
6
GreatSchools Rating

Yeager Middle School

  • Education Level: Middle
  • # of students: 536
  • # of teachers: 34
4
GreatSchools Rating

Chapel Hill High School

  • Education Level: High
  • # of students: 1,253
  • # of teachers: 70
6
GreatSchools Rating
 

$170,910$208,890$189,900

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$701
Property Tax -$173
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
$161

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.

$189,900

PROJECTED PRICE

$1,210

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 7.8%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,074

INVESTMENT

$56,074

Down Payment
$47,475
Rehab Estimate
$5,750
Closing Costs
$2,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$701

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,475
Loan Amount $142,425
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$21,123

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,210

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,210

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,210
1$1,2102$1,2183$1,3004$1,3655$1,450
$1,450
RENT COMPS ANALYSIS
  • 5753 Wenona Street Douglasville, GA 1
    • 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.80
    •  
  • 3930 Cheoah Drive Douglasville, GA 2
    • 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1973
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,218
    • $0.80
    •  
  • 6701 Live Oak Lane Douglasville, GA 3
    • 3 beds 3 baths ∙ 1,644 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,644 Sqft ∙ Built 1978
    property image
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.79
    •  
  • 5572 Stewart Woods Drive Douglasville, GA 4
    • 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 1989
    property image
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,365
    • $0.76
    •  
  • 5532 Stewart Mill Road Douglasville, GA 5
    • 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1977
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
PROPERTY LISTING DETAILS
Carrie Norton
1.678.665.7641
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6822923
Last Updated: 12/31/2020
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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