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7280 Weatherford Drive Sw Powder Springs, GA 30127

5 Beds 3 Baths 2,371 sqft Built 2003

$235,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $99.11
  • 6 Days on Market
  • MLS # : 6707370
  • Updated Date : 10/30/2020 at 18:22
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,371 sqft
  • Baths : 3 full
Listing Agent's Description

5BR/3BA Multi-Level Home in Sought After Cobb County Swim/Tennis Neighborhood, Stack Stone Accents, Fireside Family Room, Soaring High Ceilings Throughout, Open Dining Room with Bay Windows, Eat-In Kitchen, Entrance Foyer, Hardwood Floors on Main, Over Sized Master Suite on Main with Sitting Room, On-Suite with Huge Private Double Vanity, Separate Shower and Bath, Walk-in Closet, Two Additional Spacious Bedrooms with Ceiling to Floor Windows, Finished Terrace Level with, Rec/Media/Family Room, 2 bedrooms, Full Bathroom Perfect for Teen/In-Law Suite,

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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).
  • #1 World’s Busiest Airport(Airports Council International, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Worthington

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $103k243k

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

Neighborhood: Worthington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001050110011501200125013001350140014501500155016001650Rent in $9731674

* 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
Hendricks Elementary School Primary Unknown 534 41 4
Cooper Middle School Middle Regular 899 53 8
South Cobb High School High Regular 2,074 106 4

Hendricks Elementary School

  • Education Level: Primary
  • # of students: 534
  • # of teachers: 41
4
GreatSchools Rating

Cooper Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 53
8
GreatSchools Rating

South Cobb High School

  • Education Level: High
  • # of students: 2,074
  • # of teachers: 106
4
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$867
Property Tax -$234
Property Insurance -$73
HOA -$41
Property Management Fees -$119
CASH FLOW
$345

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.

$235,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

11.42

YEARS SAVED

$48,153

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,861

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6803$1,7004$1,8005$2,100
$2,100
RENT COMPS ANALYSIS
  • 7280 Weatherford Drive Sw Powder Springs, GA 2
    • 5 beds 3 baths ∙ 2,371 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,371 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.71
    •  
  • 5260 Brownwood Drive Powder Springs, GA 1
    • 4 beds 3 baths ∙ 2,149 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,149 Sqft ∙ Built 1990
    LEASED 03/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.77
    •  
  • 4865 Brown Leaf Drive Powder Springs, GA 3
    • 4 beds 3 baths ∙ 2,338 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,338 Sqft ∙ Built 2003
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.73
    •  
  • 4425 Sherrel Court Austell, GA 4
    • 5 beds 3 baths ∙ 2,209 Sqft ∙ Built 1989 5 beds 3 baths ∙ 2,209 Sqft ∙ Built 1989
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.81
    •  
  • 4250 Chads Park Drive Powder Springs, GA 5
    • 5 beds 3 baths ∙ 2,521 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,521 Sqft ∙ Built 2007
    LEASED 06/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.83
    •  
PROPERTY LISTING DETAILS
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6707370
Last Updated: 10/30/2020
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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