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745 Fountainhead Lane #127 Atlanta, GA 30324

4 Beds 4 Baths 2,540 sqft Built 2013

$469,800

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $184.96
  • 7 Days on Market
  • MLS # : 6823707
  • Updated Date : 01/06/2021 at 10:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,540 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

A Must See! Gorgeous In-town unit conveniently nestled between PATH 400 and Beltline expansion, with trails right across the street. This beautiful, expansive floor plan features a gourmet kitchen, with granite, Island Bar seating and stainless steel appliances. The open & airy family room and sunroom off the kitchen, makes this home perfect for entertaining. Featuring All new interior paint and flooring throughout the unit, ample closet space throughout all 3 levels and a two-car garage w/storage. Enjoy the rooftop deck with a glass of wine and grill-in for dinner or

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Neighborhood: Lindbergh - Morosgo

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $108k321k

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

Neighborhood: Lindbergh - Morosgo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8352009

* 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
Garden Hills Elementary School Primary Regular 611 49 5
Willis A. Sutton Middle School Middle Regular 1,448 93 6
North Atlanta High School High Regular 1,657 102 6

Garden Hills Elementary School

  • Education Level: Primary
  • # of students: 611
  • # of teachers: 49
5
GreatSchools Rating

Willis A. Sutton Middle School

  • Education Level: Middle
  • # of students: 1,448
  • # of teachers: 93
6
GreatSchools Rating

North Atlanta High School

  • Education Level: High
  • # of students: 1,657
  • # of teachers: 102
6
GreatSchools Rating
 

$422,820$516,780$469,800

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$1,632
Property Tax -$576
Property Insurance -$69
HOA -$250
Property Management Fees -$119
CASH FLOW
$644

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.

$469,800

PROJECTED PRICE

$3,290

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 9.1%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,247

INVESTMENT

$130,247

Down Payment
$117,450
Rehab Estimate
$5,750
Closing Costs
$7,047

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,632

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,450
Loan Amount $352,350
See What Happens When You Reinvest Cash Flow

11.25

YEARS SAVED

$80,782

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,290

    LIST RENT
  • $1.52

    LIST RENT PER SQFT
  • $3,559

    COMP ESTIMATED VALUE
  • $1.64

    COMP AVG. RENT PER SQFT
Comps Range
$3,290
1$3,2902$3,3003$3,5004$3,895
$3,895
RENT COMPS ANALYSIS
  • 745 Fountainhead Lane Atlanta, GA 1
    • 4 beds 4 baths ∙ 2,170 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,170 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $3,290
    • $1.52
    •  
  • 2695 Rivers Edge Drive Ne Atlanta, GA 2
    • 3 beds 4 baths ∙ 2,145 Sqft ∙ Built 2004 3 beds 4 baths ∙ 2,145 Sqft ∙ Built 2004
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.54
    •  
  • 616 Darlington Road Atlanta, GA 3
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2000
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.75
    •  
  • 895 Lenox Court Ne Atlanta, GA 4
    • 4 beds 4 baths ∙ 2,390 Sqft ∙ Built 2001 4 beds 4 baths ∙ 2,390 Sqft ∙ Built 2001
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,895
    • $1.63
    •  
PROPERTY LISTING DETAILS
Shaunette Young
1.404.271.2648
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6823707
Last Updated: 01/06/2021
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. © 2017 First Multiple Listing Service, Inc.

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