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5766 Princeton Run Trl Tucker, GA 30084

4 Beds 3 Baths 2,690 sqft Built 2007

$349,000

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $129.74
  • 2 Days on Market
  • MLS # : 6803599
  • Updated Date : 11/02/2020 at 23:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,690 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Meticulously maintained 3 sides brick home in the excellent Parkview school cluster. The popular floor plan features a family room that opens to the kitchen. The main level is also highlighted by a separate dining room and an additional room that is suitable for an office or library. Hardwood flooring throughout main level. The open, wrought iron staircase leads to a spacious owner's suite with a sitting area. Plenty of room to gather in the beautiful backyard that is already fenced in. All appliances will remain in the home. This home is ready for a new owner!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30084

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $103k243k

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

Zip Code: 30084

ZipNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9731643

* 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
Arcado Elementary School Primary Regular 1,190 76 7
Trickum Middle School Middle Regular 1,987 108 8
Parkview High School High Regular 2,834 152 8

Arcado Elementary School

  • Education Level: Primary
  • # of students: 1,190
  • # of teachers: 76
7
GreatSchools Rating

Trickum Middle School

  • Education Level: Middle
  • # of students: 1,987
  • # of teachers: 108
8
GreatSchools Rating

Parkview High School

  • Education Level: High
  • # of students: 2,834
  • # of teachers: 152
8
GreatSchools Rating
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,288
Property Tax -$367
Property Insurance -$79
HOA -$33
Property Management Fees -$119
CASH FLOW
$174

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.

$349,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
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$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,288

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$32,439

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,071

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0003$2,0604$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 5766 Princeton Run Trl Tucker, GA 3
    • 4 beds 3 baths ∙ 2,690 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,690 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.77
    •  
  • 6195 Mimosa Circle Tucker, GA 1
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2003
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.77
    •  
  • 5879 Rue Chase Way Tucker, GA 2
    • 4 beds 4 baths ∙ 2,798 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,798 Sqft ∙ Built 2005
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.71
    •  
  • 145 Villa Place Court Tucker, GA 4
    • 4 beds 4 baths ∙ 2,781 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,781 Sqft ∙ Built 2005
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.79
    •  
  • 6005 Princeton Run Trail Tucker, GA 5
    • 4 beds 4 baths ∙ 2,834 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,834 Sqft ∙ Built 2008
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.81
    •  
PROPERTY LISTING DETAILS
Shawn Oates
1.770.789.0202
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6803599
Last Updated: 11/02/2020
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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