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6445 Cedar Grove Road Fairburn, GA 30213

3 Beds 2 Baths 1,867 sqft Built 1997

$300,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $160.69
  • 2 Days on Market
  • MLS # : 6907471
  • Updated Date : 07/13/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,867 sqft
  • Baths : 2 full
Listing Agent's Description

Come view this amazing home sitting on over 8 acres of land where you can spread your wings. This home will have you feeling like you are on vacation with its breathtaking views and fishing on your own private lake.you can enjoy sitting in the cozy family room with a fireplace over oking the perfect view in your large backyard. This 3bd/2ba open floor plan is very spacious with walk in closet and master bedroom has a private entrance leading to the deckthat encompasses the entire back of the home.

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)
  • #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).
  • #1 World’s Busiest Airport(Airports Council International, 2018)

PRICE & RENT TRENDS

Zip Code: 30213

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Zip Code: 30213

ZipNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171521

* 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
Evoline C. West Elementary School Primary Regular 818 56 5
Bear Creek Middle School Middle Regular 962 71 4
Creekside High School High Regular 1,635 86 4

Evoline C. West Elementary School

  • Education Level: Primary
  • # of students: 818
  • # of teachers: 56
5
GreatSchools Rating

Bear Creek Middle School

  • Education Level: Middle
  • # of students: 962
  • # of teachers: 71
4
GreatSchools Rating

Creekside High School

  • Education Level: High
  • # of students: 1,635
  • # of teachers: 86
4
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,042
Property Tax -$355
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
$51

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$300,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$11,316

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,648

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5353$1,6304$1,6505$1,849
$1,849
RENT COMPS ANALYSIS
  • 6445 Cedar Grove Road Fairburn, GA 3
    • 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.87
    •  
  • 7065 Rivertown Road Fairburn, GA 1
    • 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 1987
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.81
    •  
  • 265 Highwind Way Fairburn, GA 2
    • 3 beds 3 baths ∙ 1,902 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,902 Sqft ∙ Built 2005
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.81
    •  
  • 6482 St Mark Way Fairburn, GA 4
    • 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 2014
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.01
    •  
  • 270 Teak Lane Fairburn, GA 5
    • 4 beds 3 baths ∙ 2,063 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,063 Sqft ∙ Built 2002
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $0.90
    •  
PROPERTY LISTING DETAILS
Eileen Lebron
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6907471
Last Updated: 07/13/2021
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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