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707 Glendale Forest Court Woodstock, GA 30189

4 Beds 3 Baths 2,996 sqft Built 1995

$285,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $95.13
  • 2 Days on Market
  • MLS # : 6834465
  • Updated Date : 01/31/2021 at 01:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,996 sqft
  • Baths : 3 full
Listing Agent's Description

Looking for a fantastic lot? Here is your new 4 bedroom 3bath home! Located on a cul de sac, this home has something for everyone! Bright and move in ready! Outside - brand new deck, beautiful oversized sodded back yard, long driveway and extra parking pad! Inside , gleaming hardwoods, gorgeous big windows, soaring ceilings, ss appliances, fresh paint, new water heater, awesome layout! Great schools and location, no HOA- welcome home!

SEE MORE

MARKET HIGHLIGHTS

  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 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)
  • Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
  • 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 World’s Busiest Airport(Airports Council International, 2018)

PRICE & RENT TRENDS

Neighborhood: Glendale Forest

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $82k253k

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

Neighborhood: Glendale Forest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8171697

* 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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$990
Property Tax -$232
Property Insurance -$85
Property Management Fees -$119
CASH FLOW
$314

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.

$285,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 7.5%
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$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$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

9

YEARS SAVED

$36,191

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.58

    LIST RENT PER SQFT
  • $1,865

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7403$1,7504$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 707 Glendale Forest Court Woodstock, GA 2
    • 4 beds 3 baths ∙ 2,996 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,996 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.58
    •  
  • 520 Philadelphia Lane Woodstock, GA 1
    • 3 beds 3 baths ∙ 2,862 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,862 Sqft ∙ Built 1988
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.58
    •  
  • 1357 Meadow Creek Way Nw Acworth, GA 3
    • 4 beds 3 baths ∙ 3,088 Sqft ∙ Built 1988 4 beds 3 baths ∙ 3,088 Sqft ∙ Built 1988
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.57
    •  
  • 3007 Clove Tree Lane Woodstock, GA 4
    • 4 beds 3 baths ∙ 2,646 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,646 Sqft ∙ Built 1996
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.66
    •  
  • 1801 Yorkshire Drive Woodstock, GA 5
    • 3 beds 3 baths ∙ 2,664 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,664 Sqft ∙ Built 1985
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.68
    •  
PROPERTY LISTING DETAILS
Tammy Riffey
1.678.910.5091
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6834465
Last Updated: 01/31/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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