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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $125.75
- 3 Days on Market
- MLS # : 6831356
- Updated Date : 01/23/2021 at 08:01
CONSTRUCTION
- Beds : 5
- Floor Size : 2,982 sqft
- Baths : 4 full
Listing Agent's Description
Dream home here!!. Spectacular 5 bed/ 4 bath home built in 2016. Open and spacious foyer leads to an open concept kitchen with granite countertop and a big breakfast island, enjoy espresso-colored hardwoods throughout the house, an in-law suite on the main floor with a full bathroom, a formal dining area that can be turned into an office or school space, large rooms upstairs, and an impressive master suite with a very spacious bathroom with double vanities, separate shower, garden tub.
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Neighborhood: Providence Walk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Providence Walk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,120 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$306 | |
| Property Insurance | -$85 | |
| HOA | -$48 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$260
|
||
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.
$375,000
PROJECTED PRICE
$2,120
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 6.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
8.42
YEARS SAVED
$41,991
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,120
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$1,879
COMP ESTIMATED VALUE -
$0.63
COMP AVG. RENT PER SQFT
Comps Range
-
612 Providence Walk Place Canton, GA 2
- 5 beds 4 baths ∙ 2,982 Sqft ∙ Built 2016 5 beds 4 baths ∙ 2,982 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $2,120
- $0.71
-
148 Holly Mill Village Drive Canton, GA 1
- 4 beds 3 baths ∙ 2,637 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,637 Sqft ∙ Built 2003
LEASED 08/02/19- Rent
- Rent Per SQFT
- $1,650
- $0.63
PROPERTY LISTING DETAILS
1.470.505.8222
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6831356
Last Updated: 01/23/2021
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.
