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781 Flat Rock Road Stockbridge, GA 30281

3 Beds 2 Baths 1,496 sqft Built 1988

INVESTimate

$197,900

List Price

$1,110

$999 - $1,221

Rent Est.

$214,860  ( +8.57%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $132.29
  • 8 Days on Market
  • MLS # : 6768725
  • Updated Date : 08/25/2020 at 19:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,496 sqft
  • Baths : 2 full
Listing Agent's Description

MUST SEE! Fully renovated spacious ranch on a massive corner lot. Boasting all new hardwood floors, new cabinets throughout, granite counter tops in kitchen and both bathrooms, oversized mudroom and stainless steel appliances, make this house the perfect home. Highest & Best by Friday5pm on 8/28/2020.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Brookwood Estates

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Neighborhood: Brookwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171509

* 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
Cotton Indian Elementary School Primary Regular 686 45 3
Stockbridge Middle School Middle Regular 652 38 4
Stockbridge High School High Regular 1,442 84 5

Cotton Indian Elementary School

  • Education Level: Primary
  • # of students: 686
  • # of teachers: 45
3
GreatSchools Rating

Stockbridge Middle School

  • Education Level: Middle
  • # of students: 652
  • # of teachers: 38
4
GreatSchools Rating

Stockbridge High School

  • Education Level: High
  • # of students: 1,442
  • # of teachers: 84
5
GreatSchools Rating
 

$178,110$217,690$197,900

PURCHASE PRICE

$999$1,221$1,110

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,110
EXPENSES Loan Payment -$730
Property Tax -$228
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
-$23

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.

$197,900

PROJECTED PRICE

$1,110

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.57%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,194

INVESTMENT

$58,194

Down Payment
$49,475
Rehab Estimate
$5,750
Closing Costs
$2,969

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$730

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,475
Loan Amount $148,425
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$5,610

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,110

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,107

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,1103$1,1714$1,175
$1,175
RENT COMPS ANALYSIS
  • 781 Flat Rock Road Stockbridge, 2
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,110
    • $0.74
    •  
  • 120 Mays Landing Road Stockbridge, 1
    • 3 beds 2 baths ∙ 1,387 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,387 Sqft ∙ Built 1988
    property image
    LEASED 05/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.79
    •  
  • 210 Chimney Ridge Trail Stockbridge, 3
    • 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 1976
    property image
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,171
    • $0.63
    •  
  • 116 Susan Lane Stockbridge, 4
    • 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1983
    property image
    LEASED 07/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.80
    •  
PROPERTY LISTING DETAILS
Alexis Lee
1.404.481.0559
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6768725
Last Updated: 08/25/2020
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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