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750 Parkside Drive Woodstock, GA 30188

4 Beds 3 Baths 2,519 sqft Built 1999

$344,900

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $136.92
  • 3 Days on Market
  • MLS # : 6808512
  • Updated Date : 11/14/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,519 sqft
  • Baths : 3 full
Listing Agent's Description

Fantastic Arbor View Swim/Tennis Community! Oversized Master Suite with Trey Ceiling & Vaulted Spa Bath! Second Bedroom & Full Bath on the Main Level as well! Two Additional Bedrooms & Full Bath on Upper Level. Two Story Foyer & Great Room! Separate Dining Room with Trey Ceiling! Huge Vaulted Kitchen with Big Center Island & Keeping Room! Granite Countertops! Laundry Room on Main Level. Arbor View's amenities include four tennis courts, tennis pavilion, two play grounds, two outdoor basketball courts, swimming pool and clubhouse. Sought after schools in highly desirable

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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Arbor View

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k342k

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

Neighborhood: Arbor View

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732093

* 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
Johnston Elementary School Primary Regular 584 36 7
Mill Creek Middle School Middle Regular 1,284 72 7
River Ridge High School High Regular 1,601 88 8

Johnston Elementary School

  • Education Level: Primary
  • # of students: 584
  • # of teachers: 36
7
GreatSchools Rating

Mill Creek Middle School

  • Education Level: Middle
  • # of students: 1,284
  • # of teachers: 72
7
GreatSchools Rating

River Ridge High School

  • Education Level: High
  • # of students: 1,601
  • # of teachers: 88
8
GreatSchools Rating
 

$310,410$379,390$344,900

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,273
Property Tax -$281
Property Insurance -$76
HOA -$53
Property Management Fees -$119
CASH FLOW
-$11

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.

$344,900

PROJECTED PRICE

$1,790

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.1%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,149

INVESTMENT

$97,149

Down Payment
$86,225
Rehab Estimate
$5,750
Closing Costs
$5,174

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,225
Loan Amount $258,675
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$19,879

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,845

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,635
1$1,6352$1,6503$1,7904$1,8505$1,950
$1,950
RENT COMPS ANALYSIS
  • 750 Parkside Drive Woodstock, GA 3
    • 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.71
    •  
  • 717 Habersham Place Canton, GA 1
    • 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 1996
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $0.73
    •  
  • 1078 River Plantation Drive Woodstock, GA 2
    • 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 1999
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.75
    •  
  • 116 Caracas Drive Woodstock, GA 4
    • 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 1988
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.75
    •  
  • 156 Bradshaw Park Drive Woodstock, GA 5
    • 4 beds 4 baths ∙ 2,776 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,776 Sqft ∙ Built 2005
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.70
    •  
PROPERTY LISTING DETAILS
Norma R Elkin
1.404.683.4343
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6808512
Last Updated: 11/14/2020
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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