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801 Colston Road Sw Marietta, GA 30064

4 Beds 3 Baths 2,532 sqft Built 1979

$390,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $154.03
  • 3 Days on Market
  • MLS # : 6817474
  • Updated Date : 01/02/2021 at 16:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,532 sqft
  • Baths : 3 full
Listing Agent's Description

**SHOWINGS START SUNDAY, JAN. 3RD** 4/2.5 traditional home in established Whitlock Heights w/rocking chair front porch, oversize master w/updated bathroom, huge office/bonus room off master, updated eat-in kitchen looking into the amazing sunroom, hardwoods throughout, large stone fireplace, beautiful built-ins, fenced in backyard with gazebo with electricity. Close to Marietta Square, New Marietta Food Market, Kennesaw Mountain, and great schools. Pictures coming soon! Marietta City was voted

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Whitlock Manor

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k338k

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

Neighborhood: Whitlock Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9732233

* 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
Hickory Hills Elementary School Primary Charter 362 38 5
Marietta Middle School Middle Charter 1,303 83 5
Marietta High School High Charter 2,061 132 5

Hickory Hills Elementary School

  • Education Level: Primary
  • # of students: 362
  • # of teachers: 38
5
GreatSchools Rating

Marietta Middle School

  • Education Level: Middle
  • # of students: 1,303
  • # of teachers: 83
5
GreatSchools Rating

Marietta High School

  • Education Level: High
  • # of students: 2,061
  • # of teachers: 132
5
GreatSchools Rating
 

$351,000$429,000$390,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,439
Property Tax -$370
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
$216

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.

$390,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.5%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$45,396

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,203

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,220
1$2,2202$2,3103$2,400
$2,400
RENT COMPS ANALYSIS
  • 801 Colston Road Sw Marietta, GA 1
    • 4 beds 3 baths ∙ 2,532 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,532 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.88
    •  
  • 1052 Laurel Valley Drive Sw Marietta, GA 2
    • 4 beds 3 baths ∙ 2,695 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,695 Sqft ∙ Built 1992
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $0.86
    •  
  • 719 Laurel Chase Sw Marietta, GA 3
    • 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 1987
    property image
    LEASED 12/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
PROPERTY LISTING DETAILS
Emmy Staton
1.770.378.5961
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6817474
Last Updated: 01/02/2021
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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