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705 Trellis Court Mcdonough, GA 30253

5 Beds 3 Baths 2,446 sqft Built 2003

$249,500

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $102.00
  • 2 Days on Market
  • MLS # : 6847020
  • Updated Date : 02/28/2021 at 00:40
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,446 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Master on Main in this gorgeous 5 bedroom and 2.5 bath move in ready home in The Ivys @ Westridge. This cul-de-sac home has been meticulously maintained, the roof is 2 years old, the 2 HVAC units new within the last 7 years, new vinyl engineered floors through out the main level. Enjoy the chefs kitchen complete with granite counter tops and newer stainless steel appliances and view to the family/great room. Close to 75, shopping and dining. This lovely home is in the highly sought after Swim/Tennis Community The Ivys @ Westridge is move in ready.

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)
  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: The Ivys at Westridge

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $82k214k

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

Neighborhood: The Ivys at Westridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8171602

* 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
Luella Elementary School Primary Regular 662 39 5
Luella Middle School Middle Regular 792 47 5
Luella High School High Regular 1,389 82 5

Luella Elementary School

  • Education Level: Primary
  • # of students: 662
  • # of teachers: 39
5
GreatSchools Rating

Luella Middle School

  • Education Level: Middle
  • # of students: 792
  • # of teachers: 47
5
GreatSchools Rating

Luella High School

  • Education Level: High
  • # of students: 1,389
  • # of teachers: 82
5
GreatSchools Rating
 

$224,550$274,450$249,500

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$867
Property Tax -$288
Property Insurance -$74
HOA -$38
Property Management Fees -$119
CASH FLOW
$285

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$249,500

PROJECTED PRICE

$1,670

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,868

INVESTMENT

$71,868

Down Payment
$62,375
Rehab Estimate
$5,750
Closing Costs
$3,743

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,375
Loan Amount $187,125
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$29,413

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,798

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6653$1,6704$1,7355$2,090
$2,090
RENT COMPS ANALYSIS
  • 705 Trellis Court Mcdonough, GA 3
    • 5 beds 3 baths ∙ 2,446 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,446 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.68
    •  
  • 1074 Maria Drive Mcdonough, GA 1
    • 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 2000
    property image
    LEASED 11/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.71
    •  
  • 279 Magnaview Drive Mcdonough, GA 2
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2019
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $0.76
    •  
  • 732 Galveston Way Mcdonough, GA 4
    • 4 beds 3 baths ∙ 2,488 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,488 Sqft ∙ Built 2018
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.70
    •  
  • 985 Field View Drive Mcdonough, GA 5
    • 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 2000
    property image
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.77
    •  
PROPERTY LISTING DETAILS
Dan Mccloskey
1.404.867.7406
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6847020
Last Updated: 02/28/2021
support@investimateroi.com

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