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5871 Dan Drive Ellenwood, GA 30294

3 Beds 2 Baths 1,575 sqft Built 1986

$158,900

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $100.89
  • 4 Days on Market
  • MLS # : 6815387
  • Updated Date : 12/05/2020 at 12:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,575 sqft
  • Baths : 2 full
Listing Agent's Description

Newly renovated with lament flooring, carpet, hot water heater, windows, Kitchen Cabinets, HVAC (1 yr Old), appliances (range & Dishwasher), Updated Bathrooms, and fresh paint.

SEE MORE

MARKET HIGHLIGHTS

  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 30294

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Zip Code: 30294

ZipNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171509

* 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
Marshall Elementary School Primary Regular 919 45 5
Morrow Middle School Middle Regular 681 44 5
Morrow High School High Regular 1,830 83 3

Marshall Elementary School

  • Education Level: Primary
  • # of students: 919
  • # of teachers: 45
5
GreatSchools Rating

Morrow Middle School

  • Education Level: Middle
  • # of students: 681
  • # of teachers: 44
5
GreatSchools Rating

Morrow High School

  • Education Level: High
  • # of students: 1,830
  • # of teachers: 83
3
GreatSchools Rating
 

$143,010$174,790$158,900

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$586
Property Tax -$170
Property Insurance -$58
Property Management Fees -$119
CASH FLOW
$317

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.

$158,900

PROJECTED PRICE

$1,250

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 9.2%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$47,859

INVESTMENT

$47,859

Down Payment
$39,725
Rehab Estimate
$5,750
Closing Costs
$2,384

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$586

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $39,725
Loan Amount $119,175
See What Happens When You Reinvest Cash Flow

12.58

YEARS SAVED

$37,236

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,244

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$1,1253$1,1884$1,2305$1,250
$1,250
RENT COMPS ANALYSIS
  • 5871 Dan Drive Ellenwood, GA 5
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.79
    •  
  • 6051 W Creekview Court Rex, GA 1
    • 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 2000
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.76
    •  
  • 2603 Lilac Drive Morrow, GA 2
    • 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1968
    LEASED 08/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.81
    •  
  • 6511 Melandre Drive Morrow, GA 3
    • 3 beds 3 baths ∙ 1,561 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,561 Sqft ∙ Built 1974
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,188
    • $0.76
    •  
  • 2389 Old Rex Morrow Road Ellenwood, GA 4
    • 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1983
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $0.83
    •  
PROPERTY LISTING DETAILS
Elena Bowser
1.404.775.5656
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6815387
Last Updated: 12/05/2020
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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