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5758 Vinings Place Court Se Mableton, GA 30126

4 Beds 3 Baths 2,857 sqft Built 2003

$369,900

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $129.47
  • 4 Days on Market
  • MLS # : 6807417
  • Updated Date : 11/14/2020 at 13:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,857 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Location! Condition! Price! This awesome home has ALL of these great & important attributes, plus the WOW factor! 4 large bedrooms w/2.5 baths on private LEVEL lot! Newer roof & updated kitchen! Open floor plan w/private rear deck! Awesome 1st Floor: Elegant family room w/stone fireplace & hardwood floors. Kitchen w/Granite counters & tiled backsplash, custom cabinets & hardwood floors. Hi-quality stainless steel appliances w/real exhaust vent! Featuring a separate dining room & formal living room. Amazing 2nd Floor: Cozy master suite w/trey ceilings & marble fireplace

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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Vinings Place

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $112k560k

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

Neighborhood: Vinings Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200Rent in $9733324

* 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
Harmony-leland Elementary School Primary Regular 707 48 6
Lindley Middle School Middle Regular 1,166 65 4
Pebblebrook High School High Regular 2,289 120 3

Harmony-leland Elementary School

  • Education Level: Primary
  • # of students: 707
  • # of teachers: 48
6
GreatSchools Rating

Lindley Middle School

  • Education Level: Middle
  • # of students: 1,166
  • # of teachers: 65
4
GreatSchools Rating

Pebblebrook High School

  • Education Level: High
  • # of students: 2,289
  • # of teachers: 120
3
GreatSchools Rating
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,365
Property Tax -$327
Property Insurance -$82
HOA -$50
Property Management Fees -$119
CASH FLOW
$197

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$369,900

PROJECTED PRICE

$2,140

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.18%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.74%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$41,356

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,107

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9453$2,0304$2,1405$2,150
$2,150
RENT COMPS ANALYSIS
  • 5758 Vinings Place Court Se Mableton, GA 4
    • 4 beds 3 baths ∙ 2,857 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,857 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.75
    •  
  • 757 Sylvania Trail Mableton, GA 1
    • 3 beds 2 baths ∙ 2,665 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,665 Sqft ∙ Built 2000
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.68
    •  
  • 5647 Wandering Vine Lane Mableton, GA 2
    • 3 beds 3 baths ∙ 2,520 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,520 Sqft ∙ Built 1998
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.77
    •  
  • 6020 W Rosie Lane Se Mableton, GA 3
    • 4 beds 3 baths ∙ 2,697 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,697 Sqft ∙ Built 1999
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.75
    •  
  • 1512 Justine Way Mableton, GA 5
    • 4 beds 3 baths ∙ 2,853 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,853 Sqft ∙ Built 2006
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.75
    •  
PROPERTY LISTING DETAILS
Ken Jones
1.770.842.4531
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6807417
Last Updated: 11/14/2020
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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