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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $124.93
- 5 Days on Market
- MLS # : 6817168
- Updated Date : 12/12/2020 at 13:48
CONSTRUCTION
- Beds : 3
- Floor Size : 1,440 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Calling all owner-occupied buyers, this one is for you only! This newly renovated home has tons of updates and is move-in ready. Come home to your home perched slightly above the street with an oversized garage leading into your eat-in kitchen. Updated kitchen w/ new cabinets, flooring, countertops and stainless steel appliances. The home features separate dining room, living room and family room w/ tons of closet and storage space. Walk upstairs to your owners suite w/ 2 closets and spacious secondary bedrooms.
SEE MORE
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 30083
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30083
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,070 |
| EXPENSES | Loan Payment | -$664 |
| Property Tax | -$262 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$29
|
||
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
$1,070
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 9.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$53,424
LOAN DETAILS
$664
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $44,975 |
| Loan Amount | $134,925 |
2.58
YEARS SAVED
$3,959
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,070
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$1,145
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
582 Woodcrest Manor Drive Stone Mountain, GA 1
- 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $1,070
- $0.74
-
4795 Brasac Drive Stone Mountain, GA 2
- 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1989
LEASED 05/06/20- Rent
- Rent Per SQFT
- $1,175
- $0.82
-
4333 Crestridge Lane Stone Mountain, GA 3
- 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 1983
LEASED 01/10/20- Rent
- Rent Per SQFT
- $1,200
- $0.76
-
546 Hammett Drive Decatur, GA 4
- 4 beds 2 baths ∙ 1,684 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,684 Sqft ∙ Built 1976
LEASED 04/22/20- Rent
- Rent Per SQFT
- $1,299
- $0.77
-
3813 W Wood Path Stone Mountain, GA 5
- 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1981
LEASED 12/20/19- Rent
- Rent Per SQFT
- $1,365
- $0.83
PROPERTY LISTING DETAILS
1.404.808.4405
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6817168
Last Updated: 12/12/2020
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.
