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736 Jamie Way Ne Woodstock, GA 30188

4 Beds 3 Baths 2,602 sqft Built 1991

$299,700

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $115.18
  • 2 Days on Market
  • MLS # : 6849324
  • Updated Date : 03/06/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,602 sqft
  • Baths : 3 full
Listing Agent's Description

Charming split level home with 4 bedrooms, 3 bath home in Chadds Ridge Swim/Tennis Subdivision in East Cobb. Lower level is wheelchair accessible that has its own kitchen and separate laundry hookup, along with a full bathroom and bedroom. Main level is open and perfect for entertaining! Top ranked schools! Close to interstates, schools, shopping, restaurants, KSU, Noonday Park, and minutes to popular downtown Woodstock. Garage doors are brand new, and the home had the air ducts cleaned this year! Do NOT miss your opportunity to see this gem!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Chadds Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $103k253k

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

Neighborhood: Chadds Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001050110011501200125013001350140014501500155016001650Rent in $9731697

* 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
Nicholson Elementary School Primary Regular 513 38 8
Mccleskey Middle School Middle Regular 681 43 7
Kell High School High Regular 1,548 83 7

Nicholson Elementary School

  • Education Level: Primary
  • # of students: 513
  • # of teachers: 38
8
GreatSchools Rating

Mccleskey Middle School

  • Education Level: Middle
  • # of students: 681
  • # of teachers: 43
7
GreatSchools Rating

Kell High School

  • Education Level: High
  • # of students: 1,548
  • # of teachers: 83
7
GreatSchools Rating
 

$269,730$329,670$299,700

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,041
Property Tax -$265
Property Insurance -$77
HOA -$75
Property Management Fees -$119
CASH FLOW
$123

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.

$299,700

PROJECTED PRICE

$1,700

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 6.9%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,171

INVESTMENT

$85,171

Down Payment
$74,925
Rehab Estimate
$5,750
Closing Costs
$4,496

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,041

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,925
Loan Amount $224,775
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$20,842

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,854

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,7003$1,7504$1,8005$1,875
$1,875
RENT COMPS ANALYSIS
  • 736 Jamie Way Ne Woodstock, GA 2
    • 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.65
    •  
  • 744 Jamie Way Ne Woodstock, GA 1
    • 5 beds 3 baths ∙ 2,334 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,334 Sqft ∙ Built 1991
    property image
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.70
    •  
  • 720 Helga Drive Ne Woodstock, GA 3
    • 5 beds 4 baths ∙ 2,574 Sqft ∙ Built 1989 5 beds 4 baths ∙ 2,574 Sqft ∙ Built 1989
    property image
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.68
    •  
  • 1801 Yorkshire Drive Woodstock, GA 4
    • 3 beds 3 baths ∙ 2,664 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,664 Sqft ∙ Built 1985
    property image
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.68
    •  
  • 4840 Lincoln Drive Ne Kennesaw, GA 5
    • 4 beds 2 baths ∙ 2,370 Sqft ∙ Built 1971 4 beds 2 baths ∙ 2,370 Sqft ∙ Built 1971
    property image
    LEASED 01/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.79
    •  
PROPERTY LISTING DETAILS
Lauren Sieber
1.770.851.5849
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6849324
Last Updated: 03/06/2021
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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