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603 Deep Spring Court Stockbridge, GA 30281

4 Beds 3 Baths 2,151 sqft Built 1995

$249,900

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $116.18
  • 4 Days on Market
  • MLS # : 6839540
  • Updated Date : 02/12/2021 at 09:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,151 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautiful three story updated home inside and out. Large cul-de-sac lot with a privacy fence, plenty of yard and has a brand NEW front and back porch perfect for entertaining. New appliances, master shower and brand new kitchen floors! Three bedrooms are located upstairs with a large spacious bedroom perfect for a teen suite! Full unfinished basement with a third garage and room to make your dream space! This home is minutes away from 75 very close to shopping, restaurants, and more!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Crown Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210kPrice in $98k213k

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

Neighborhood: Crown Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8901748

* 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
Dutchtown Elementary School Primary Regular 697 45 6
Dutchtown Middle School Middle Regular 1,036 59 6
Dutchtown High School High Regular 1,498 84 6

Dutchtown Elementary School

  • Education Level: Primary
  • # of students: 697
  • # of teachers: 45
6
GreatSchools Rating

Dutchtown Middle School

  • Education Level: Middle
  • # of students: 1,036
  • # of teachers: 59
6
GreatSchools Rating

Dutchtown High School

  • Education Level: High
  • # of students: 1,498
  • # of teachers: 84
6
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$868
Property Tax -$288
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
$266

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.

$249,900

PROJECTED PRICE

$1,610

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 8.6%
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$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$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$33,658

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,549

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,610
1$1,6102$1,7303$1,745
$1,745
RENT COMPS ANALYSIS
  • 603 Deep Spring Court Stockbridge, GA 1
    • 4 beds 3 baths ∙ 2,151 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,151 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.75
    •  
  • 141 Vinings Drive Mcdonough, GA 2
    • 5 beds 3 baths ∙ 2,416 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,416 Sqft ∙ Built 2003
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.72
    •  
  • 228 Grover Turner Way Mcdonough, GA 3
    • 5 beds 3 baths ∙ 2,436 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,436 Sqft ∙ Built 2003
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.72
    •  
PROPERTY LISTING DETAILS
Grove Homes Group
1.770.757.2773
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6839540
Last Updated: 02/12/2021
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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