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5950 Henley Drive Powder Springs, GA 30127

4 Beds 3 Baths 2,615 sqft Built 1991

$364,500

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $139.39
  • 7 Days on Market
  • MLS # : 6809129
  • Updated Date : 11/21/2020 at 15:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,615 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

TOTALLY RENOVATED HARRISON HIGH SCH DIST BEAUTY W/ROCKING CHAIR FRONT PORCH! This 4BR/2.5BA home sits on a massive FENCED CORNER LOT includes SHED! The Kids will LOVE the Really Cool TREEHOUSE FORT, HORSESHOE PIT & IN-GROUND TRAMPOLINE!! HOME FEATURES: NEW Carpet, HARDWOODS, Fresh Paint, New GARAGE DOORS, Bathroom Fixtures, Lights & Faucets, Kitchen w/STAINLESS STEEL APPLIANCES, QUARTZ COUNTERTOPS, Backsplash, ALL NEW WINDOWS, CULTURED STONE, ROOF, WATER HEATER, HVAC UNITS, GUTTERS WITH GUTTER GUARDS! Partially FINISHED BASEMENT W/ BAR, GAME ROOM & MEDIA/FAMILY ROOM!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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 has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 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)

PRICE & RENT TRENDS

Neighborhood: Wyndham Woods

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Wyndham Woods

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
 

$328,050$400,950$364,500

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,345
Property Tax -$407
Property Insurance -$78
HOA -$38
Property Management Fees -$119
CASH FLOW
$14

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.

$364,500

PROJECTED PRICE

$2,000

PROJECTED RENT

0.55%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,343

INVESTMENT

$102,343

Down Payment
$91,125
Rehab Estimate
$5,750
Closing Costs
$5,468

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,345

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,125
Loan Amount $273,375
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$21,882

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,996

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7503$2,0004$2,249
$2,249
RENT COMPS ANALYSIS
  • 5950 Henley Drive Powder Springs, GA 3
    • 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.76
    •  
  • 320 Due West Street Dallas, GA 1
    • 3 beds 3 baths ∙ 2,278 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,278 Sqft ∙ Built 1992
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.74
    •  
  • 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
    •  
  • 6137 Windflower Drive Powder Springs, GA 4
    • 5 beds 3 baths ∙ 2,891 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,891 Sqft ∙ Built 2003
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,249
    • $0.78
    •  
PROPERTY LISTING DETAILS
Kamala C Hunter
1.404.310.8742
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6809129
Last Updated: 11/21/2020
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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