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809 Chase Point Woodstock, GA 30189

4 Beds 4 Baths 2,243 sqft Built 1992

$324,900

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $144.85
  • 7 Days on Market
  • MLS # : 6801266
  • Updated Date : 10/30/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,243 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Just renovated. New 30 year architectural roof. New kitchen cabinets, exotic Viscount White granite, new back splash and new appliances. New white quartz in the bathrooms. New hardwood floors throughout the main level and new carpet upstairs. All new ceramic tile in all bathrooms. This home has two master suites and an additional full bathroom upstairs. The basement is huge and ready to finish with windows and outside access. This is a swim/tennis neighborhood and in the Bascomb, ET Booth and Etowah High School Districts. Owner/Agent

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: Summerchase at Towne Lake

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Summerchase at Towne Lake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Bascomb Elementary School Primary Regular 1,038 56 9
E.t. Booth Middle School Middle Regular 1,692 91 8
Etowah High School High Regular 2,411 125 8

Bascomb Elementary School

  • Education Level: Primary
  • # of students: 1,038
  • # of teachers: 56
9
GreatSchools Rating

E.t. Booth Middle School

  • Education Level: Middle
  • # of students: 1,692
  • # of teachers: 91
8
GreatSchools Rating

Etowah High School

  • Education Level: High
  • # of students: 2,411
  • # of teachers: 125
8
GreatSchools Rating
 

$292,410$357,390$324,900

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,199
Property Tax -$265
Property Insurance -$71
HOA -$36
Property Management Fees -$119
CASH FLOW
$91

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.

$324,900

PROJECTED PRICE

$1,780

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 8.4%
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

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$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$28,472

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,862

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,7803$1,8354$1,9255$1,945
$1,945
RENT COMPS ANALYSIS
  • 809 Chase Point Woodstock, GA 2
    • 4 beds 4 baths ∙ 2,243 Sqft ∙ Built 1992 4 beds 4 baths ∙ 2,243 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.79
    •  
  • 1008 Atherton Lane Woodstock, GA 1
    • 3 beds 2 baths ∙ 2,044 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,044 Sqft ∙ Built 1986
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.82
    •  
  • 1627 Eagle Drive Woodstock, GA 3
    • 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1999
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.84
    •  
  • 408 Summerchase Way Woodstock, GA 4
    • 4 beds 3 baths ∙ 2,326 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,326 Sqft ∙ Built 1991
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.83
    •  
  • 1004 Atherton Lane Woodstock, GA 5
    • 3 beds 3 baths ∙ 2,335 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,335 Sqft ∙ Built 1985
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.83
    •  
PROPERTY LISTING DETAILS
Kurt And Sheila Team
1.404.644.5877
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6801266
Last Updated: 10/30/2020
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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