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703 Wind Song Trace Woodstock, GA 30189

3 Beds 2 Baths 1,520 sqft Built 1981

$250,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $164.47
  • 3 Days on Market
  • MLS # : 6808786
  • Updated Date : 11/14/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,520 sqft
  • Baths : 2 full
Listing Agent's Description

OPEN HOUSE SUN NOV 15TH 2-4PM.Renovated beauty in heart of Woodstock, top schools & close to everything. Culdesac lot w/ large front/backyard.New front deck,new stone retaining walls,new drivway, new int & ext paint, updated bathrms w/new upgraded vanities,mirrors & new lights. New carpet.New tiled flrs in kitchen.White cabinets, granite counters,stainless appl w/fridge. Sunrm or lrg dining rm.Laundry on main.Lrg stone fireplace. Covered front porch.Master suite has new carpet,large walk in closet.Tankless water heater.All kitchen appliances.New microwave.

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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Woodwind Station

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $98k321k

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

Neighborhood: Woodwind Station

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8942009

* 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
Carmel Elementary School Primary Regular 1,190 67 8
Woodstock Middle School Middle Regular 1,175 69 8
Woodstock High School High Regular 2,179 111 8

Carmel Elementary School

  • Education Level: Primary
  • # of students: 1,190
  • # of teachers: 67
8
GreatSchools Rating

Woodstock Middle School

  • Education Level: Middle
  • # of students: 1,175
  • # of teachers: 69
8
GreatSchools Rating

Woodstock High School

  • Education Level: High
  • # of students: 2,179
  • # of teachers: 111
8
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$922
Property Tax -$204
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
$128

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.

$250,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 7.5%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$28,542

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,547

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,430
1$1,4302$1,5953$1,6254$1,6905$1,845
$1,845
RENT COMPS ANALYSIS
  • 703 Wind Song Trace Woodstock, GA 1
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.94
    •  
  • 803 Santa Fe Trail Woodstock, GA 2
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1974
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.94
    •  
  • 338 Etowah Valley Trace Woodstock, GA 3
    • 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1993
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.07
    •  
  • 1172 Britley Park Lane Woodstock, GA 4
    • 3 beds 3 baths ∙ 1,610 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,610 Sqft ∙ Built 1996
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $1.05
    •  
  • 424 Rockingham Lane Woodstock, GA 5
    • 4 beds 3 baths ∙ 1,824 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,824 Sqft ∙ Built 1990
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $1.01
    •  
PROPERTY LISTING DETAILS
Lindsey Haas
1.678.933.1962
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6808786
Last Updated: 11/14/2020
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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