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5911 Caitlin Court Se Mableton, GA 30126

3 Beds 2 Baths 1,365 sqft Built 1992

$220,000

List Price

$1,150

$1K - $1.3K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $161.17
  • 7 Days on Market
  • MLS # : 6832306
  • Updated Date : 01/26/2021 at 08:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,365 sqft
  • Baths : 2 full
Listing Agent's Description

MUST SELL this 3 Bedrooms/2 Full Baths, Living, Dining, Hardwood Foyer, Fireplace, Upgraded Frieze Carpet, Tile, Gourmet Galley Kitchen: custom expresso cabinets, granite, black appliances, track lighting, Owners Suite: master bedroom w/ceiling fan, walk-in closet, spa-like bathroom w/granite, double vanity, garden tub, sep. shower w/glass tile mosaic, 2nd Bathroom w/Marble, 2 Car Garage & 1 Car Covered Carport!!!

SEE MORE

MARKET HIGHLIGHTS

  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (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)
  • #1 Most affordable big city (WalletHub, 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)
  • Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
  • 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 World’s Busiest Airport(Airports Council International, 2018)

PRICE & RENT TRENDS

Neighborhood: Garners Ridge

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $78k231k

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

Neighborhood: Garners Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8871561

* 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
Harmony-leland Elementary School Primary Regular 707 48 6
Lindley Middle School Middle Regular 1,166 65 4
Pebblebrook High School High Regular 2,289 120 3

Harmony-leland Elementary School

  • Education Level: Primary
  • # of students: 707
  • # of teachers: 48
6
GreatSchools Rating

Lindley Middle School

  • Education Level: Middle
  • # of students: 1,166
  • # of teachers: 65
4
GreatSchools Rating

Pebblebrook High School

  • Education Level: High
  • # of students: 2,289
  • # of teachers: 120
3
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,035$1,265$1,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,150
EXPENSES Loan Payment -$764
Property Tax -$194
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
$19

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.

$220,000

PROJECTED PRICE

$1,150

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 5.9%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
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$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$10,835

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,150

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,138

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2133$1,4104$1,430
$1,430
RENT COMPS ANALYSIS
  • 5911 Caitlin Court Se Mableton, GA 1
    • 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.84
    •  
  • 361 Gordon Valley Lane Sw Mableton, GA 2
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1980
    property image
    LEASED 07/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,213
    • $0.82
    •  
  • 6630 Valley Hill Drive Sw Mableton, GA 3
    • 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1980
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.83
    •  
  • 5630 N Allen Road Se Mableton, GA 4
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 1981
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.85
    •  
PROPERTY LISTING DETAILS
Damian Senquiz
1.470.357.8737
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6832306
Last Updated: 01/26/2021
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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