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PROPERTY INFO
FACTS
- Single Family
- Built In 1969
- Price/Sqft : $118.26
- 3 Days on Market
- MLS # : 6817964
- Updated Date : 12/12/2020 at 02:04
CONSTRUCTION
- Beds : 4
- Floor Size : 1,352 sqft
- Baths : 2 full
Listing Agent's Description
All brick 4 bed/2 bath home in Jonesboro. Great starter home for the first time homebuyer or someone looking for a spacious 4 bedroom and 2 bathrooms in Clayton County! Nice front porch to sit and watch the cars go by or just waive at the friendly neighbors. Great size deck in the back to entertain friends. Owner is ready to sell this home to a great qualified buyer. All Offers Welcome!
SEE MORE
- 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)
- Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (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)
- #1 Most affordable big city (WalletHub, 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)
PRICE & RENT TRENDS
Zip Code: 30238
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30238
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,110 |
| EXPENSES | Loan Payment | -$590 |
| Property Tax | -$174 | |
| Property Insurance | -$53 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$174
|
||
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.
$159,888
PROJECTED PRICE
$1,110
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 6.5% |
| 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
$48,120
LOAN DETAILS
$590
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $39,972 |
| Loan Amount | $119,916 |
8.5
YEARS SAVED
$21,231
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,110
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$942
COMP ESTIMATED VALUE -
$0.7
COMP AVG. RENT PER SQFT
Comps Range
-
8143 Huntington Drive Jonesboro, GA 3
- 4 beds 2 baths ∙ 1,352 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,352 Sqft ∙ Built 1969
![property image]()
- Rent
- Rent Per SQFT
- $1,110
- $0.82
-
217 Bellwood Lane Riverdale, GA 1
- 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1973
![property image]()
LEASED 12/09/19- Rent
- Rent Per SQFT
- $1,000
- $0.66
-
201 Montego Circle Riverdale, GA 2
- 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1976
![property image]()
LEASED 08/09/19- Rent
- Rent Per SQFT
- $1,016
- $0.71
-
8340 Webb Road Riverdale, GA 4
- 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1977
![property image]()
LEASED 08/05/19- Rent
- Rent Per SQFT
- $1,192
- $0.72
PROPERTY LISTING DETAILS
1.678.460.7571
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6817964
Last Updated: 12/12/2020
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.
