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5904 Seven Oaks Drive Powder Springs, GA 30127

3 Beds 2 Baths 2,500 sqft Built 1999

$285,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $114.00
  • 3 Days on Market
  • MLS # : 6836599
  • Updated Date : 02/06/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,500 sqft
  • Baths : 2 full
Listing Agent's Description

Must see beautiful traditional in West Cobb's Harrison HS District! Home greets you w/large foyer, spacious great rm w/vaulted ceilings, stone fireplace & open dining rm w/tray ceilings. Updated eat-in kitchen has white cabinets, granite countertops, tile backsplash, pantry & SS appliances. Primary suite & bath includes tray ceilings, dbl vanities, tile flr, new shower, separate soaking tub & large closet. Secondary BRs are generously sized. Downstairs has room perfect for an office and a large flex area. Enjoy quiet evenings on the deck & private fenced backyard.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Seven Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Seven Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Vaughan Elementary School Primary Regular 661 43 8
Lost Mountain Middle School Middle Regular 945 58 9
Harrison High School High Regular 1,947 99 9

Vaughan Elementary School

  • Education Level: Primary
  • # of students: 661
  • # of teachers: 43
8
GreatSchools Rating

Lost Mountain Middle School

  • Education Level: Middle
  • # of students: 945
  • # of teachers: 58
9
GreatSchools Rating

Harrison High School

  • Education Level: High
  • # of students: 1,947
  • # of teachers: 99
9
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$990
Property Tax -$309
Property Insurance -$75
Property Management Fees -$119
CASH FLOW
$126

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.

$285,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$24,052

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,850

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,620
1$1,6202$1,7503$1,7654$1,800
$1,800
RENT COMPS ANALYSIS
  • 5904 Seven Oaks Drive Powder Springs, GA 1
    • 3 beds 2 baths ∙ 2,500 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,500 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.65
    •  
  • 440 Holland Springs Drive Powder Springs, GA 2
    • 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2000
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.77
    •  
  • 646 Holland Road Powder Springs, GA 3
    • 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2001
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,765
    • $0.63
    •  
  • 715 Teague Drive Nw Kennesaw, GA 4
    • 4 beds 2 baths ∙ 2,202 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,202 Sqft ∙ Built 1985
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.82
    •  
PROPERTY LISTING DETAILS
Laura Miller Edwards Realty Group
1.404.357.8474
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6836599
Last Updated: 02/06/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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