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710 Broadlands Lane Powder Springs, GA 30127

4 Beds 3 Baths 2,772 sqft Built 1996

$425,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $153.32
  • 4 Days on Market
  • MLS # : 6806900
  • Updated Date : 11/13/2020 at 08:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,772 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Absolutely meticulously maintained home in the highly desirable Broadlands community, you can immediately see how well taken care of this home is walking through the front door, Beautiful hardwood floors throughout the first floor, upstairs hallway, and owners suite, as well as hardwood treads on the stairs going up. Gorgeous renovated chefs kitchen with white cabinets, corian countertops, and stainless steel appliances. Open floor plan gives direct views to 2 story great room and breakfast area. A generous size dining room and separate living room complement this

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: Broadlands

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $113k422k

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

Neighborhood: Broadlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9732456

* 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
Kemp Elementary School Primary Regular 1,023 66 10
Lovinggood Middle School Middle Regular 1,428 75 9
Hillgrove High School High Regular 2,301 111 9

Kemp Elementary School

  • Education Level: Primary
  • # of students: 1,023
  • # of teachers: 66
10
GreatSchools Rating

Lovinggood Middle School

  • Education Level: Middle
  • # of students: 1,428
  • # of teachers: 75
9
GreatSchools Rating

Hillgrove High School

  • Education Level: High
  • # of students: 2,301
  • # of teachers: 111
9
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,568
Property Tax -$461
Property Insurance -$81
HOA -$57
Property Management Fees -$119
CASH FLOW
-$126

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.

$425,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 3.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$14,244

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,968

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,160
$2,160
RENT COMPS ANALYSIS
  • 710 Broadlands Lane Powder Springs, GA 2
    • 4 beds 3 baths ∙ 2,772 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,772 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.78
    •  
  • 995 Amberton Lane Powder Springs, GA 1
    • 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2002
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.71
    •  
PROPERTY LISTING DETAILS
Julie Emanuel
1.678.907.8454
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6806900
Last Updated: 11/13/2020
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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