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8 Dixie Drive Stockbridge, GA 30281

3 Beds 2 Baths 1,152 sqft Built 2002

$113,000

List Price

$1,000

$900 - $1.1K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $98.09
  • 2 Days on Market
  • MLS # : 6803591
  • Updated Date : 11/02/2020 at 18:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,152 sqft
  • Baths : 2 full
Listing Agent's Description

Stunning value for this fully remodeled home! This will go fast so bring your offers now! This cute home has been completely remodeled with NEW hot water heater, HVAC, LED lighting, Solid surface floors,tile in the bathrooms, paint, counter tops and the list goes on and on. The new privacy fence encloses a lush green private back yard perfect for your fire pit and grill to host those summer gatherings or roast marsh mellows during the fall. The front yard has beautiful old growth trees that provide ample shade for the hot Georgia summers.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Pine Valley Estates

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200kPrice in $53k209k

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

Neighborhood: Pine Valley Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6411509

* 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
Pleasant Grove Elementary School Primary Regular 445 33 5
Woodland Middle School Middle Regular 764 44 5
Woodland High School High Regular 1,531 83 6

Pleasant Grove Elementary School

  • Education Level: Primary
  • # of students: 445
  • # of teachers: 33
5
GreatSchools Rating

Woodland Middle School

  • Education Level: Middle
  • # of students: 764
  • # of teachers: 44
5
GreatSchools Rating

Woodland High School

  • Education Level: High
  • # of students: 1,531
  • # of teachers: 83
6
GreatSchools Rating
 

$101,700$124,300$113,000

PURCHASE PRICE

$900$1,100$1,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,000
EXPENSES Loan Payment -$417
Property Tax -$130
Property Insurance -$49
Property Management Fees -$119
CASH FLOW
$284

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.

$113,000

PROJECTED PRICE

$1,000

PROJECTED RENT

0.88%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

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$50k$100k$150k$200k$250k$300k$350k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$35,695

INVESTMENT

$35,695

Down Payment
$28,250
Rehab Estimate
$5,750
Closing Costs
$1,695

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$417

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $28,250
Loan Amount $84,750
See What Happens When You Reinvest Cash Flow

14.08

YEARS SAVED

$30,477

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,000

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,002

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,000
1$1,0002$1,175
$1,175
RENT COMPS ANALYSIS
  • 8 Dixie Drive Stockbridge, GA 1
    • 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.87
    •  
  • 275 Charlotte Boulevard Stockbridge, GA 2
    • 3 beds 2 baths ∙ 1,346 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,346 Sqft ∙ Built 1987
    LEASED 07/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.87
    •  
PROPERTY LISTING DETAILS
Jonathan Joyner
1.770.560.6444
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6803591
Last Updated: 11/02/2020
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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