Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6625 Mark Trail Riverdale, GA 30296

4 Beds 3 Baths 1,840 sqft Built 1978

$187,500

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1978
  • Price/Sqft : $101.90
  • 10 Days on Market
  • MLS # : 6799763
  • Updated Date : 11/03/2020 at 01:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,840 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Recently renovated Home. Upgrades Galore: new roof, HVAC, new electrical panel, spacious enclosed bonus room/bedroom, new water heater, stainless steel appliances, range, dishwasher, granite kitchen counters, hardwood floors, carpet, ceramic tile in all bathrooms. The floor plan has 1,900 sq feet of living space w/windows embracing lots of natural sunlight.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30296

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $71k209k

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

Zip Code: 30296

ZipNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7621509

* 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
Oliver Elementary School Primary Regular 632 34 3
North Clayton Middle School Middle Regular 827 45 5
North Clayton High School High Regular 886 46 2

Oliver Elementary School

  • Education Level: Primary
  • # of students: 632
  • # of teachers: 34
3
GreatSchools Rating

North Clayton Middle School

  • Education Level: Middle
  • # of students: 827
  • # of teachers: 45
5
GreatSchools Rating

North Clayton High School

  • Education Level: High
  • # of students: 886
  • # of teachers: 46
2
GreatSchools Rating
 

$168,750$206,250$187,500

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$692
Property Tax -$248
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
$199

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.

$187,500

PROJECTED PRICE

$1,320

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 9.3%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$55,438

INVESTMENT

$55,438

Down Payment
$46,875
Rehab Estimate
$5,750
Closing Costs
$2,813

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$692

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,875
Loan Amount $140,625
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$23,325

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,274

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2453$1,2524$1,3205$1,325
$1,325
RENT COMPS ANALYSIS
  • 6625 Mark Trail Riverdale, GA 4
    • 4 beds 3 baths ∙ 1,840 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,840 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.72
    •  
  • 1283 Creekmoor Court Riverdale, GA 1
    • 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1992
    LEASED 05/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.68
    •  
  • 6900 Creekmoor Lane Riverdale, GA 2
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1973
    LEASED 05/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.69
    •  
  • 1230 Pineglen Drive Riverdale, GA 3
    • 4 beds 2 baths ∙ 1,750 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,750 Sqft ∙ Built 1962
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,252
    • $0.72
    •  
  • 1592 Envoy Place Riverdale, GA 5
    • 3 beds 2 baths ∙ 1,955 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,955 Sqft ∙ Built 1973
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.68
    •  
PROPERTY LISTING DETAILS
Antoinette Chandler
1.678.357.9426
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6799763
Last Updated: 11/03/2020
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.

BESbswy