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6801 Knollwood Drive Douglasville, GA 30135

4 Beds 3 Baths 2,900 sqft Built 1976

INVESTimate

$229,900

List Price

$1,730

$1,557 - $1,903

Rent Est.

$247,763  ( +7.77%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1976
  • Price/Sqft : $79.28
  • 7 Days on Market
  • MLS # : 6770159
  • Updated Date : 08/21/2020 at 10:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,900 sqft
  • Baths : 3 full
Listing Agent's Description

Large multi-level house of over 2100 sq. feet of space with 4 bedrooms and 3 full bathrooms. New stainless steel appliances, New paint, New flooring, New quartz countertops, New siding, New fixtures, and hardware. Additionally, there is an over-sized master bedroom with an attached bonus/sitting room and a walk-in closet. There is another bonus room located in the partial basement with direct access to the outside of the house.

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

Neighborhood: Knollwood Village

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $88k209k

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

Neighborhood: Knollwood Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q295010001050110011501200125013001350140014501500Rent in $9311509

* 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
Arbor Station Elementary School Primary Regular 601 36 6
Chapel Hill Middle School Middle Regular 1,105 59 8
Chapel Hill High School High Regular 1,253 70 6

Arbor Station Elementary School

  • Education Level: Primary
  • # of students: 601
  • # of teachers: 36
6
GreatSchools Rating

Chapel Hill Middle School

  • Education Level: Middle
  • # of students: 1,105
  • # of teachers: 59
8
GreatSchools Rating

Chapel Hill High School

  • Education Level: High
  • # of students: 1,253
  • # of teachers: 70
6
GreatSchools Rating
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$848
Property Tax -$267
Property Insurance -$83
Property Management Fees -$119
CASH FLOW
$413

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.

$229,900

PROJECTED PRICE

$1,730

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.77%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$848

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

12.67

YEARS SAVED

$54,334

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • $2,107

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,7003$1,7304$2,790
$2,790
RENT COMPS ANALYSIS
  • 6801 Knollwood Drive Douglasville, 3
    • 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.60
    •  
  • 9550 Overlook Court Douglasville, 1
    • 4 beds 3 baths ∙ 2,690 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,690 Sqft ∙ Built 1975
    LEASED 05/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.50
    •  
  • 9915 Scarlet Oak Drive Douglasville, 2
    • 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 1986
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.60
    •  
  • 3351 Golf Ridge Boulevard Douglasville, 4
    • 4 beds 4 baths ∙ 2,573 Sqft ∙ Built 1994 4 beds 4 baths ∙ 2,573 Sqft ∙ Built 1994
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $1.08
    •  
PROPERTY LISTING DETAILS
Zareh Najarian
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6770159
Last Updated: 08/21/2020
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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