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6471 Courtney Drive Winston, GA 30187

3 Beds 2 Baths 1,130 sqft Built 1972

$139,900

List Price

$1,120

$1K - $1.2K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $123.81
  • 3 Days on Market
  • MLS # : 6837164
  • Updated Date : 02/06/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,130 sqft
  • Baths : 2 full
Listing Agent's Description

Renovated 3 bedroom 2 bath home in a great location! New roof and windows, 2 car garage and a fenced in backyard.

SEE MORE

MARKET HIGHLIGHTS

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

PRICE & RENT TRENDS

Neighborhood: Executive Heights

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200kPrice in $58k209k

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

Neighborhood: Executive Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7401509

* 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
Bright Star Elementary School Primary Regular 452 31 4
Mason Creek Middle School Middle Regular 868 49 5
Alexander High School High Regular 1,729 96 7

Bright Star Elementary School

  • Education Level: Primary
  • # of students: 452
  • # of teachers: 31
4
GreatSchools Rating

Mason Creek Middle School

  • Education Level: Middle
  • # of students: 868
  • # of teachers: 49
5
GreatSchools Rating

Alexander High School

  • Education Level: High
  • # of students: 1,729
  • # of teachers: 96
7
GreatSchools Rating
 

$125,910$153,890$139,900

PURCHASE PRICE

$1,008$1,232$1,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,120
EXPENSES Loan Payment -$486
Property Tax -$128
Property Insurance -$49
Property Management Fees -$119
CASH FLOW
$338

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.

$139,900

PROJECTED PRICE

$1,120

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 9.0%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$42,824

INVESTMENT

$42,824

Down Payment
$34,975
Rehab Estimate
$5,750
Closing Costs
$2,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$486

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $34,975
Loan Amount $104,925
See What Happens When You Reinvest Cash Flow

14.75

YEARS SAVED

$34,188

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,120

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,034

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,120
1$1,1202$1,1353$1,2504$1,2605$1,280
$1,280
RENT COMPS ANALYSIS
  • 6471 Courtney Drive Winston, GA 1
    • 3 beds 2 baths ∙ 1,130 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,130 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,120
    • $0.99
    •  
  • 6598 Apache Lane Douglasville, GA 2
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1981
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,135
    • $0.91
    •  
  • 3354 Cheoah Drive Douglasville, GA 3
    • 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1968
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.90
    •  
  • 3486 Scenic Drive Winston, GA 4
    • 4 beds 3 baths ∙ 1,380 Sqft ∙ Built 1972 4 beds 3 baths ∙ 1,380 Sqft ∙ Built 1972
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $0.91
    •  
  • 6148 Hillpine Drive Douglasville, GA 5
    • 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 1973
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.94
    •  
PROPERTY LISTING DETAILS
Jeff Stacey
1.770.843.3616
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6837164
Last Updated: 02/06/2021
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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