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7590 Post Road Winston, GA 30187

3 Beds 2 Baths 1,508 sqft Built 1981

$175,000

List Price

$1,160

$1K - $1.3K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $116.05
  • 6 Days on Market
  • MLS # : 6810006
  • Updated Date : 11/18/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,508 sqft
  • Baths : 2 full
Listing Agent's Description

Ranch home sitting on approximately 1.44 acres, cover back porch is ready for screening, level yard, concrete block outbuilding. Great school district in South Douglas County. Laminate and tile thru out, newer lighting and plumbing fixtures, windows. Freshly painted inside. NO HOA to contend with. Large family room with closet, fireplace and private entrance, easily converted to 4th bedroom.

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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30187

ZipNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200kPrice in $92k209k

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

Zip Code: 30187

ZipNIR Market*CityMarket2010Year20002019 Q290095010001050110011501200125013001350140014501500Rent in $8811509

* 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
South Douglas Elementary School Primary Regular 591 33 9
Fairplay Middle School Middle Regular 530 30 7
Alexander High School High Regular 1,729 96 7

South Douglas Elementary School

  • Education Level: Primary
  • # of students: 591
  • # of teachers: 33
9
GreatSchools Rating

Fairplay Middle School

  • Education Level: Middle
  • # of students: 530
  • # of teachers: 30
7
GreatSchools Rating

Alexander High School

  • Education Level: High
  • # of students: 1,729
  • # of teachers: 96
7
GreatSchools Rating
 

$157,500$192,500$175,000

PURCHASE PRICE

$1,044$1,276$1,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,160
EXPENSES Loan Payment -$646
Property Tax -$160
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
$179

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.

$175,000

PROJECTED PRICE

$1,160

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 9.0%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,125

INVESTMENT

$52,125

Down Payment
$43,750
Rehab Estimate
$5,750
Closing Costs
$2,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$646

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $43,750
Loan Amount $131,250
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$27,074

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,160

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,171

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$999
1$9992$1,1503$1,1604$1,199
$1,199
RENT COMPS ANALYSIS
  • 7590 Post Road Winston, GA 3
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,160
    • $0.77
    •  
  • 8977 Tweeddale Drive Winston, GA 1
    • 3 beds 2 baths ∙ 1,242 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,242 Sqft ∙ Built 1987
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $999
    • $0.80
    •  
  • 7088 Hummingbird Lane Winston, GA 2
    • 4 beds 2 baths ∙ 1,517 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,517 Sqft ∙ Built 1999
    property image
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.76
    •  
  • 8604 Autumn Leaf Drive Douglasville, GA 4
    • 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1985
    property image
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $0.77
    •  
PROPERTY LISTING DETAILS
April D Streetman
1.404.376.7821
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6810006
Last Updated: 11/18/2020
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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