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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $161.93
- 2 Days on Market
- MLS # : 6842983
- Updated Date : 02/20/2021 at 15:13
CONSTRUCTION
- Beds : 3
- Floor Size : 1,232 sqft
- Baths : 1 full , 1 half
Listing Agent's Description
FULLY REMODELED HOME FEATURING NEW ROOF, NEW SIDING, NEW GUTTERS, NEW DECKS, NEW WINDOWS, NEW EXT/INT DOORS, NEW FLOORS, NEW CABINETS, NEW COUNTERTOPS, NEW LIGHT/PLUMBING FIXTURES, NEW DUCTWORK, NEW HVAC SYSTEM, NEW WATER HEATER, AND MUCH MORE. THIS HOME HAS A HUGE BASEMENT READY TO FINISH AND A HUGE STORAGE/WORKSHOP IN THE BACKYARD.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 30141
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30141
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,280 |
| EXPENSES | Loan Payment | -$693 |
| Property Tax | -$176 | |
| Property Insurance | -$51 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$241
|
||
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.
$199,500
PROJECTED PRICE
$1,280
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 9.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| 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
$58,618
LOAN DETAILS
$693
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $49,875 |
| Loan Amount | $149,625 |
10.5
YEARS SAVED
$31,034
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,280
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$1,294
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
67 Trace Chain Court Hiram, GA 2
- 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1977
![property image]()
- Rent
- Rent Per SQFT
- $1,280
- $1.04
-
60 Kristie Circle Powder Springs, GA 1
- 4 beds 2 baths ∙ 1,368 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,368 Sqft ∙ Built 1972
![property image]()
LEASED 12/30/19- Rent
- Rent Per SQFT
- $1,275
- $0.93
-
77 Turnrow Court Hiram, GA 3
- 3 beds 2 baths ∙ 1,236 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,236 Sqft ∙ Built 1978
![property image]()
LEASED 09/10/20- Rent
- Rent Per SQFT
- $1,445
- $1.17
PROPERTY LISTING DETAILS
1.770.615.7777
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6842983
Last Updated: 02/20/2021
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.
