Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
5830 Leah Lane 
Powder Springs, GA
30127
3 Beds 2 Baths 2,241 sqft
Built 1997
INVESTimate
$269,000
List Price
$77,035
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1997
- Price/Sqft : $120.04
- 2 Days on Market
- MLS # : 6767885
- Updated Date : 08/25/2020 at 19:40
CONSTRUCTION
- Beds : 3
- Floor Size : 2,241 sqft
- Baths : 2 full
Listing Agent's Description
Must see! Gorgeous, recently updated, Ranch home. This home boasts new ext. and int paint, updated flooring throughout, Stainless steel appliances(Stove, Dishwasher and Microwave) granite countertop, fixtures and more. Features tall ceilings and is very spacious, yet very cozy. As you enter, you will be welcomed by a large floor to ceiling dining room window, that provides lots of natural light to the dining room, as well as the family room. Large Owner's Suite with vaulted ceilings, with an additional sitting area. Additional bonus room towards the rear of the home.
SEE MORE
- #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: 30127
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30127
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$992 |
| Property Tax | -$292 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$96
|
||
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.
$269,000
PROJECTED PRICE
$1,570
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 6.99% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,035
LOAN DETAILS
$992
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,250 |
| Loan Amount | $201,750 |
6.08
YEARS SAVED
$21,525
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$1,608
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
5830 Leah Lane Powder Springs, 3
- 3 beds 2 baths ∙ 2,241 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,241 Sqft ∙ Built 1997
![property image]()
- Rent
- Rent Per SQFT
- $1,570
- $0.70
-
4891 Brownsville Road Powder Springs, 1
- 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1986
![property image]()
LEASED 07/08/20- Rent
- Rent Per SQFT
- $1,395
- $0.70
-
272 Windriver Trail Powder Springs, 2
- 4 beds 2 baths ∙ 2,216 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,216 Sqft ∙ Built 2001
![property image]()
LEASED 07/15/19- Rent
- Rent Per SQFT
- $1,495
- $0.67
-
5260 Brownwood Drive Powder Springs, 4
- 4 beds 3 baths ∙ 2,149 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,149 Sqft ∙ Built 1990
![property image]()
LEASED 03/14/19- Rent
- Rent Per SQFT
- $1,650
- $0.77
-
4865 Brown Leaf Drive Powder Springs, 5
- 4 beds 3 baths ∙ 2,338 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,338 Sqft ∙ Built 2003
![property image]()
LEASED 11/06/19- Rent
- Rent Per SQFT
- $1,700
- $0.73
PROPERTY LISTING DETAILS
1.770.380.9382
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6767885
Last Updated: 08/25/2020
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.
