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PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $106.71
- 13 Days on Market
- MLS # : 6820422
- Updated Date : 12/19/2020 at 23:40
CONSTRUCTION
- Beds : 4
- Floor Size : 2,577 sqft
- Baths : 2 full
Listing Agent's Description
Fantastic split level home that was renovated in 2019. Gourmet Kitchen with White Cabinets and Granite Countertops, SS Appliances, & Massive Breakfast Bar. Laminate Flooring on main level & bedrooms, new carpeting in basement. Roof, AC, Electrical, & Plumbing updated in 2019. Covered and Screened Patio, Large fenced backyard with firepit, Full finished basement. Separate living room, family room with fireplace, and dining area. Centrally located just minutes to Downtown Woodstock, shopping, and I-575. A MUST SEE!
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)
- As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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).
- #1 World’s Busiest Airport(Airports Council International, 2018)
- Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
- #1 Most affordable big city (WalletHub, 2018)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- #1 Moving Destination in the Nation (Penske, 2018)
PRICE & RENT TRENDS
Neighborhood: Cherokee Forest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cherokee Forest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$1,015 |
| Property Tax | -$224 | |
| Property Insurance | -$77 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$315
|
||
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.
$275,000
PROJECTED PRICE
$1,750
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 6.9% |
| 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
$78,625
LOAN DETAILS
$1,015
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
10.75
YEARS SAVED
$52,196
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$2,017
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
617 Evergreen Drive Woodstock, GA 1
- 4 beds 2 baths ∙ 2,577 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,577 Sqft ∙ Built 1972
- Rent
- Rent Per SQFT
- $1,750
- $0.68
-
1670 Pinefield Road Marietta, GA 2
- 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1986
LEASED 10/07/19- Rent
- Rent Per SQFT
- $1,800
- $0.79
-
1763 Blackwillow Drive Marietta, GA 3
- 5 beds 3 baths ∙ 2,484 Sqft ∙ Built 1985 5 beds 3 baths ∙ 2,484 Sqft ∙ Built 1985
LEASED 04/28/20- Rent
- Rent Per SQFT
- $1,850
- $0.74
-
4817 Woodspring Drive Ne Marietta, GA 4
- 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 1983
LEASED 12/09/20- Rent
- Rent Per SQFT
- $1,850
- $0.79
-
1660 Pinefield Way Marietta, GA 5
- 4 beds 3 baths ∙ 2,408 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,408 Sqft ∙ Built 1987
LEASED 10/16/20- Rent
- Rent Per SQFT
- $1,950
- $0.81
PROPERTY LISTING DETAILS
1.404.259.0422
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6820422
Last Updated: 12/19/2020
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.
