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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $102.92
- 6 Days on Market
- MLS # : 6820896
- Updated Date : 12/22/2020 at 19:06
CONSTRUCTION
- Beds : 5
- Floor Size : 2,914 sqft
- Baths : 3 full
Listing Agent's Description
Don't miss this two story home in Annaberg! This home has been refreshed with new two-tone interior paint and new carpet. Formal living and dining rooms flank the entry and a family room with a fireplace is at the back of the home. The eat in kitchen features granite countertops and stainless steel appliances. One bedroom and full bathroom on the main floor, great for guests. The primary suite, three additional bedrooms, and another full bathroom as well as the laundry room located on the second floor. The spacious primary bedroom has a full ensuite bathroom with
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: 30253
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30253
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,050 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$346 | |
| Property Insurance | -$83 | |
| HOA | -$50 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$345
|
||
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.
$299,900
PROJECTED PRICE
$2,050
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 6.5% |
| 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
$85,224
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
8.67
YEARS SAVED
$41,974
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,050
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$2,040
COMP ESTIMATED VALUE -
$0.7
COMP AVG. RENT PER SQFT
Comps Range
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- 5 beds 3 baths ∙ 2,914 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,914 Sqft ∙ Built 2014
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- Rent
- Rent Per SQFT
- $2,050
- $0.70
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136 Janney Circle Mcdonough, GA 1
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LEASED 01/21/20- Rent
- Rent Per SQFT
- $1,635
- $0.63
-
348 Winthrop Lane Mcdonough, GA 2
- 4 beds 3 baths ∙ 2,604 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,604 Sqft ∙ Built 2003
![property image]()
LEASED 10/17/19- Rent
- Rent Per SQFT
- $1,700
- $0.65
-
111 Glen Eagle Way Mcdonough, GA 4
- 4 beds 4 baths ∙ 2,734 Sqft ∙ Built 1994 4 beds 4 baths ∙ 2,734 Sqft ∙ Built 1994
![property image]()
LEASED 09/08/19- Rent
- Rent Per SQFT
- $2,250
- $0.82
PROPERTY LISTING DETAILS
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6820896
Last Updated: 12/22/2020
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.
