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608 Waterwood Peachtree City, GA 30269

3 Beds 3 Baths 1,660 sqft Built 1982

$295,900

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $178.25
  • 5 Days on Market
  • MLS # : 6827513
  • Updated Date : 01/14/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,660 sqft
  • Baths : 3 full
Listing Agent's Description

Come take a look at this alluring 3 bedroom, 3 bathroom home in Peachtree City! Located just a few minutes away by walking from Lake Peachtree, this inviting home will welcome you with sloped ceilings that provide additional windows to bathe you in natural light, and a stone fireplace to ensure the whole home stays warm and cozy throughout the cooler seasons. You'll be spoiled for choice, as two of the bedrooms (including the main floor primary bedroom) include updated ensuite bathrooms. The main floor primary bedroom also includes a door that leads to a private deck.

SEE MORE

MARKET HIGHLIGHTS

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

PRICE & RENT TRENDS

Zip Code: 30269

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k342k

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

Zip Code: 30269

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9732169

* 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
Huddleston Elementary School Primary Regular 642 42 8
J.c. Booth Middle School Middle Regular 1,206 72 9
Mcintosh High School High Regular 1,664 93 9

Huddleston Elementary School

  • Education Level: Primary
  • # of students: 642
  • # of teachers: 42
8
GreatSchools Rating

J.c. Booth Middle School

  • Education Level: Middle
  • # of students: 1,206
  • # of teachers: 72
9
GreatSchools Rating

Mcintosh High School

  • Education Level: High
  • # of students: 1,664
  • # of teachers: 93
9
GreatSchools Rating
 

$266,310$325,490$295,900

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,028
Property Tax -$351
Property Insurance -$59
Property Management Fees -$119
CASH FLOW
$403

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.

$295,900

PROJECTED PRICE

$1,960

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.7%
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$5.0k$10k$15k$20k

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$84,164

INVESTMENT

$84,164

Down Payment
$73,975
Rehab Estimate
$5,750
Closing Costs
$4,439

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,028

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,975
Loan Amount $221,925
See What Happens When You Reinvest Cash Flow

11.5

YEARS SAVED

$52,802

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $1,986

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,9603$2,0654$3,000
$3,000
RENT COMPS ANALYSIS
  • 608 Waterwood Peachtree City, GA 2
    • 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $1.18
    •  
  • 401 Abbey Road Peachtree City, GA 1
    • 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1972
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.93
    •  
  • 103 Crossbow Court Peachtree City, GA 3
    • 4 beds 3 baths ∙ 1,976 Sqft ∙ Built 1975 4 beds 3 baths ∙ 1,976 Sqft ∙ Built 1975
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,065
    • $1.05
    •  
  • 207 Waterwood Bend Peachtree City, GA 4
    • 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 1974
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.61
    •  
PROPERTY LISTING DETAILS
Michelle Sanders
1.678.884.7933
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6827513
Last Updated: 01/14/2021
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. © 2017 First Multiple Listing Service, Inc.

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