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

5864 Grande River Road Atlanta, GA 30349

3 Beds 3 Baths 1,663 sqft Built 2016

$189,500

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $113.95
  • 2 Days on Market
  • MLS # : 6803597
  • Updated Date : 11/02/2020 at 21:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,663 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

You will LOVE this delightful traditional-style home located in the sought after subdivision of Rivers Station! This 3-bedroom, 2.5-bathroom home has an open-concept layout that features a contemporary, eat-in kitchen with granite counters, hardwood cabinets, a large island, and a view that overlooks the living room that includes a built-in fireplace and a layout perfect for entertaining guests.

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: 30349

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $82k235k

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

Zip Code: 30349

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8171714

* 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
Northcutt Elementary School Primary Regular 652 35 4
North Clayton Middle School Middle Regular 827 45 5
North Clayton High School High Regular 886 46 2

Northcutt Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 35
4
GreatSchools Rating

North Clayton Middle School

  • Education Level: Middle
  • # of students: 827
  • # of teachers: 45
5
GreatSchools Rating

North Clayton High School

  • Education Level: High
  • # of students: 886
  • # of teachers: 46
2
GreatSchools Rating
 

$170,550$208,450$189,500

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$699
Property Tax -$208
Property Insurance -$59
HOA -$38
Property Management Fees -$119
CASH FLOW
$67

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.

$189,500

PROJECTED PRICE

$1,190

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$55,968

INVESTMENT

$55,968

Down Payment
$47,375
Rehab Estimate
$5,750
Closing Costs
$2,843

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$699

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,375
Loan Amount $142,125
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$10,926

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,190

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,206

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,145
1$1,1452$1,1503$1,1904$1,4205$1,695
$1,695
RENT COMPS ANALYSIS
  • 5864 Grande River Road Atlanta, GA 3
    • 3 beds 3 baths ∙ 1,663 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,663 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $0.72
    •  
  • 824 Rock Shoals Court College Park, GA 1
    • 3 beds 3 baths ∙ 1,592 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,592 Sqft ∙ Built 1999
    property image
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,145
    • $0.72
    •  
  • 1937 Eshelman Court Atlanta, GA 2
    • 3 beds 3 baths ∙ 1,936 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,936 Sqft ∙ Built 2007
    property image
    LEASED 08/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.59
    •  
  • 2196 Crossrail Drive Atlanta, GA 4
    • 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 2007
    property image
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.75
    •  
  • 1595 Danube Court Atlanta, GA 5
    • 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 2007
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.84
    •  
PROPERTY LISTING DETAILS
Mark Spain
1.770.886.9000
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6803597
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.

BESbswy