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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $112.40
- 2 Days on Market
- MLS # : 6856527
- Updated Date : 03/20/2021 at 21:10
CONSTRUCTION
- Beds : 4
- Floor Size : 2,935 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Beautiful updated home with open floor plan in sought after area. Large open kitchen with island and eat in kitchen. Beautiful hardwoods throughout. Large master bedroom with master bath having double sinks and separate tub/shower. Massive master closet!! Secondary bedrooms are large with plenty of closet space. Back yard is flat with plenty of room to use it however you wish. Dont wait on this one! It wont last long!
SEE MORE
- 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)
- 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)
- #1 Moving Destination in the Nation (Penske, 2018)
PRICE & RENT TRENDS
Zip Code: 30213
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30213
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$1,146 |
| Property Tax | -$368 | |
| Property Insurance | -$84 | |
| HOA | -$69 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$65
|
||
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.
$329,900
PROJECTED PRICE
$1,720
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 7.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$93,174
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,475 |
| Loan Amount | $247,425 |
2.33
YEARS SAVED
$5,146
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$0.59
LIST RENT PER SQFT
-
$1,702
COMP ESTIMATED VALUE -
$0.58
COMP AVG. RENT PER SQFT
Comps Range
-
7986 Stillmist Drive Fairburn, GA 3
- 4 beds 3 baths ∙ 2,935 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,935 Sqft ∙ Built 2016
![property image]()
- Rent
- Rent Per SQFT
- $1,720
- $0.59
-
730 Bishop Point Fairburn, GA 1
- 3 beds 2 baths ∙ 2,654 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,654 Sqft ∙ Built 2003
![property image]()
LEASED 02/19/20- Rent
- Rent Per SQFT
- $1,600
- $0.60
-
648 Assolas Court Fairburn, GA 2
- 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 2008
![property image]()
LEASED 01/28/20- Rent
- Rent Per SQFT
- $1,715
- $0.56
-
820 Kirkly Way Fairburn, GA 4
- 4 beds 3 baths ∙ 3,188 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,188 Sqft ∙ Built 2006
![property image]()
LEASED 04/14/20- Rent
- Rent Per SQFT
- $1,850
- $0.58
PROPERTY LISTING DETAILS
1.404.793.7440
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6856527
Last Updated: 03/20/2021
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.
