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736 Park Manor Drive Se Smyrna, GA 30082

4 Beds 4 Baths 2,938 sqft Built 2012

$450,000

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $153.17
  • 4 Days on Market
  • MLS # : 6845886
  • Updated Date : 02/26/2021 at 13:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,938 sqft
  • Baths : 4 full
Listing Agent's Description

Gorgeous Craftsman Traditional! A Landscaped Walkway invites you into a Hall Entry Foyer. Gather with ease in the Large Formal Dining Room with Tray Ceiling. Hardwood Floors extend into an Open Family Room with Fireplace, ideal for entertaining. Stainless Steel Appliances shine in the Chef's Kitchen with Granite Countertops, Breakfast Nook, Pantry, and Oversized Island Breakfast Bar. Upstairs, a Spacious Owner's Suite offers Custom Walk-In Closet and Spa-Style Bathroom with Dual Vanity, Soaking Tub, and Separate Shower. Three Additional Bedrooms offer Flex Living

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: Sherwood Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $113k411k

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

Neighborhood: Sherwood Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9732902

* 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
King Springs Elementary School Primary Regular 863 53 8
Griffin Middle School Middle Regular 1,196 70 5
Campbell High School High Regular 2,509 135 5

King Springs Elementary School

  • Education Level: Primary
  • # of students: 863
  • # of teachers: 53
8
GreatSchools Rating

Griffin Middle School

  • Education Level: Middle
  • # of students: 1,196
  • # of teachers: 70
5
GreatSchools Rating

Campbell High School

  • Education Level: High
  • # of students: 2,509
  • # of teachers: 135
5
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$1,563
Property Tax -$456
Property Insurance -$84
HOA -$187
Property Management Fees -$119
CASH FLOW
$192

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.

$450,000

PROJECTED PRICE

$2,600

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.3%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$35,125

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,566

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,6004$2,750
$2,750
RENT COMPS ANALYSIS
  • 736 Park Manor Drive Se Smyrna, GA 3
    • 4 beds 4 baths ∙ 2,938 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,938 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.88
    •  
  • 1507 Grace Meadows Lane Se Smyrna, GA 1
    • 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 1996
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.91
    •  
  • 3405 Leland Trail Way Smyrna, GA 2
    • 4 beds 3 baths ∙ 3,063 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,063 Sqft ∙ Built 1999
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.82
    •  
  • 1120 Parkland Run Se Smyrna, GA 4
    • 4 beds 3 baths ∙ 3,075 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,075 Sqft ∙ Built 1998
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.89
    •  
PROPERTY LISTING DETAILS
The Justin Landis Group
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6845886
Last Updated: 02/26/2021
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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