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7380 Taloga Lane Union City, GA 30291

4 Beds 3 Baths 2,784 sqft Built 2004

$240,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $86.21
  • 5 Days on Market
  • MLS # : 6832790
  • Updated Date : 01/27/2021 at 10:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,784 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

SPACIOUS Oakley Township Home! This HUGE 4 bedroom home that sits on the corner. Master and 2 large secondary bedrooms upstairs, large bedroom on the main level near a half bath, family room with gas fireplace, kitchen with stainless appliances which all remain. This home is in walking distance to the pool, clubhouse, and playground, minutes from I-85 and near area shopping and dining! Huge home for a great price

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: Oakley Township

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $78k209k

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

Neighborhood: Oakley Township

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8171699

* 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
Oakley Elementary School Primary Regular 816 53 2
Bear Creek Middle School Middle Regular 962 71 4
Creekside High School High Regular 1,635 86 4

Oakley Elementary School

  • Education Level: Primary
  • # of students: 816
  • # of teachers: 53
2
GreatSchools Rating

Bear Creek Middle School

  • Education Level: Middle
  • # of students: 962
  • # of teachers: 71
4
GreatSchools Rating

Creekside High School

  • Education Level: High
  • # of students: 1,635
  • # of teachers: 86
4
GreatSchools Rating
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$834
Property Tax -$268
Property Insurance -$81
HOA -$42
Property Management Fees -$119
CASH FLOW
$347

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.

$240,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 6.0%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$834

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

10.08

YEARS SAVED

$36,295

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $1,791

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,690
1$1,6902$1,7653$1,8454$1,885
$1,885
RENT COMPS ANALYSIS
  • 7380 Taloga Lane Union City, GA 1
    • 4 beds 3 baths ∙ 2,784 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,784 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.61
    •  
  • 7283 Toccoa Circle Union City, GA 2
    • 4 beds 3 baths ∙ 3,008 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,008 Sqft ∙ Built 2006
    property image
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,765
    • $0.59
    •  
  • 7286 Basalt Drive Union City, GA 3
    • 5 beds 3 baths ∙ 2,604 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,604 Sqft ∙ Built 2006
    property image
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.71
    •  
  • 7340 Melhana Lane Union City, GA 4
    • 4 beds 3 baths ∙ 2,991 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,991 Sqft ∙ Built 2004
    property image
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,885
    • $0.63
    •  
PROPERTY LISTING DETAILS
Kellie Bailey
1.770.652.0163
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6832790
Last Updated: 01/27/2021
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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