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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $91.30
- 4 Days on Market
- MLS # : 6842952
- Updated Date : 02/20/2021 at 17:40
CONSTRUCTION
- Beds : 4
- Floor Size : 2,300 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
4BR 2.5BA with fenced back yard, investor owned property that needs a few updates is located on a quiet street with large backyard. The lovely fireplace and back deck provide space to relax while 4 bedrooms provide ample living space. This charming home has new carpet and paint throughout. All that’s missing is your imagination to add perfect finishing touches!
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: 30088
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30088
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$729 |
| Property Tax | -$305 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$375
|
||
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.
$210,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.76%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 8.8% |
| 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
$61,400
LOAN DETAILS
$729
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $52,500 |
| Loan Amount | $157,500 |
11.42
YEARS SAVED
$37,601
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$1,742
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
811 Fox Valley Drive Stone Mountain, GA 1
- 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1986
![property image]()
- Rent
- Rent Per SQFT
- $1,600
- $0.70
-
1151 Martin Road Stone Mountain, GA 2
- 5 beds 3 baths ∙ 2,100 Sqft ∙ Built 1971 5 beds 3 baths ∙ 2,100 Sqft ∙ Built 1971
![property image]()
LEASED 09/04/20- Rent
- Rent Per SQFT
- $1,650
- $0.79
-
1002 Walnut Trace Lithonia, GA 3
- 5 beds 4 baths ∙ 2,490 Sqft ∙ Built 1992 5 beds 4 baths ∙ 2,490 Sqft ∙ Built 1992
![property image]()
LEASED 02/17/21- Rent
- Rent Per SQFT
- $1,760
- $0.71
-
5328 Nader Court Stone Mountain, GA 4
- 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 1991
![property image]()
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,895
- $0.78
-
5594 Mountain View Pass Stone Mountain, GA 5
- 5 beds 4 baths ∙ 2,523 Sqft ∙ Built 1994 5 beds 4 baths ∙ 2,523 Sqft ∙ Built 1994
![property image]()
LEASED 09/27/19- Rent
- Rent Per SQFT
- $1,900
- $0.75
PROPERTY LISTING DETAILS
1.404.803.4033
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6842952
Last Updated: 02/20/2021
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.
