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695 Willow Mill Court Marietta, GA 30068

4 Beds 3 Baths 2,444 sqft Built 1980

$375,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $153.44
  • 7 Days on Market
  • MLS # : 6826922
  • Updated Date : 01/15/2021 at 08:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,444 sqft
  • Baths : 3 full
Listing Agent's Description

Fabulous Well-Maintained Soft Contemporary wtih Separate Apartment in Award Winning School District! This beautifully landscaped home features an entry foyer that opens to the spacious great room with vaulted and beamed ceiling, stone fireplace and separate dining room. Light-filled white kitchen with breakfast area and pantry. Walk out to deck overlooking private, fenced backyard, perfect for entertaining and family life! Upper level includes master bedroom, updated master bath with double vanity and large walk-in shower, his/her closets. Two additional bedrooms and

SEE MORE

MARKET HIGHLIGHTS

  • #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).
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 World’s Busiest Airport(Airports Council International, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Neighborhood: River Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k329k

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

Neighborhood: River Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732070

* 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
Sope Creek Elementary School Primary Regular 1,151 75 9
Dickerson Middle School Middle Regular 1,261 72 10
Walton High School High Charter 2,674 139 9

Sope Creek Elementary School

  • Education Level: Primary
  • # of students: 1,151
  • # of teachers: 75
9
GreatSchools Rating

Dickerson Middle School

  • Education Level: Middle
  • # of students: 1,261
  • # of teachers: 72
10
GreatSchools Rating

Walton High School

  • Education Level: High
  • # of students: 2,674
  • # of teachers: 139
9
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,303
Property Tax -$594
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
$160

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.

$375,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$28,292

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,352

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,2503$2,4904$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 695 Willow Mill Court Marietta, GA 2
    • 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.92
    •  
  • 1239 Colony Circle Marietta, GA 1
    • 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 1981
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.93
    •  
  • 5241 River Mill Circle Marietta, GA 3
    • 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 1973
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $1.01
    •  
  • 1133 Colony Drive Marietta, GA 4
    • 4 beds 3 baths ∙ 2,610 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,610 Sqft ∙ Built 1980
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.96
    •  
  • 377 Fairbrook Circle Ne Marietta, GA 5
    • 4 beds 3 baths ∙ 2,729 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,729 Sqft ∙ Built 1995
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.95
    •  
PROPERTY LISTING DETAILS
Robin Blass
1.404.403.6561
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6826922
Last Updated: 01/15/2021
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. © 2017 First Multiple Listing Service, Inc.

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