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6669 Birch Road Winston, GA 30187

3 Beds 2 Baths 1,365 sqft Built 1973

$170,000

List Price

$1,200

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $124.54
  • 2 Days on Market
  • MLS # : 6820492
  • Updated Date : 12/19/2020 at 03:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,365 sqft
  • Baths : 2 full
Listing Agent's Description

Brick Ranch with fantastic screened porch to look out over your beautiful backyard! Open Great Room and Dining Room. Hardwood Floors throughout! Quiet street and fenced in backyard. HVAC just 3 years old! A great place to call Home!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Birch Wood Estates

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $68k209k

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

Neighborhood: Birch Wood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7691509

* 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
Mason Creek Elementary School Primary Regular 513 35 7
Mason Creek Middle School Middle Regular 868 49 5
Alexander High School High Regular 1,729 96 7

Mason Creek Elementary School

  • Education Level: Primary
  • # of students: 513
  • # of teachers: 35
7
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
 

$153,000$187,000$170,000

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,200
EXPENSES Loan Payment -$627
Property Tax -$155
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
$245

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.

$170,000

PROJECTED PRICE

$1,200

PROJECTED RENT

0.71%

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$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,800

INVESTMENT

$50,800

Down Payment
$42,500
Rehab Estimate
$5,750
Closing Costs
$2,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$627

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,500
Loan Amount $127,500
See What Happens When You Reinvest Cash Flow

11.5

YEARS SAVED

$34,833

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,200

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,215

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,135
1$1,1352$1,2003$1,2294$1,2605$1,450
$1,450
RENT COMPS ANALYSIS
  • 6669 Birch Road Winston, GA 2
    • 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.88
    •  
  • 6598 Apache Lane Douglasville, GA 1
    • 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
    •  
  • 6654 Prinston Circle Douglasville, GA 3
    • 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 1977
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,229
    • $0.85
    •  
  • 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
    •  
  • 3976 Bright Star Road Douglasville, GA 5
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1972
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.89
    •  
PROPERTY LISTING DETAILS
Kim Britt
1.770.827.1402
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6820492
Last Updated: 12/19/2020
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.

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