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8186 Seven Oaks Drive Jonesboro, GA 30236

3 Beds 3 Baths 2,527 sqft Built 1993

$289,900

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $114.72
  • 7 Days on Market
  • MLS # : 6818917
  • Updated Date : 12/15/2020 at 09:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,527 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Gorgeous, well maintained home on the 17th hole at Lake Spivey Country Club! Homeowners have put a lot of love into renovating this beautiful ranch home! Home features all new, dark rich hardwood floors, new carpet, neutral gray paint & crown molding throughout, new faucets and granite counter tops in this big, spacious kitchen! Kitchen features breakfast area, breakfast bar and plenty of cabinet space with open concept to over look the huge great room that includes nice, cozy gas fireplace.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Zip Code: 30236

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $81k209k

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

Zip Code: 30236

ZipNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7591509

* 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
Arnold Elementary School Primary Regular 558 32 7
Roberts Middle School Middle Regular 853 61 7
Jonesboro High School High Regular 1,321 70 3

Arnold Elementary School

  • Education Level: Primary
  • # of students: 558
  • # of teachers: 32
7
GreatSchools Rating

Roberts Middle School

  • Education Level: Middle
  • # of students: 853
  • # of teachers: 61
7
GreatSchools Rating

Jonesboro High School

  • Education Level: High
  • # of students: 1,321
  • # of teachers: 70
3
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,070
Property Tax -$315
Property Insurance -$76
HOA -$15
Property Management Fees -$119
CASH FLOW
$365

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.

$289,900

PROJECTED PRICE

$1,960

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 7.7%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$46,324

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,466

    COMP ESTIMATED VALUE
  • $0.58

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,4253$1,960
$1,960
RENT COMPS ANALYSIS
  • 8186 Seven Oaks Drive Jonesboro, GA 3
    • 3 beds 3 baths ∙ 2,527 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,527 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.78
    •  
  • 2321 Fireside Court Jonesboro, GA 1
    • 3 beds 2 baths ∙ 2,195 Sqft ∙ Built 1982 3 beds 2 baths ∙ 2,195 Sqft ∙ Built 1982
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.57
    •  
  • 2545 Wall Street Jonesboro, GA 2
    • 3 beds 2 baths ∙ 2,412 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,412 Sqft ∙ Built 1997
    LEASED 07/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.59
    •  
PROPERTY LISTING DETAILS
James R Fountain
1.404.431.1311
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6818917
Last Updated: 12/15/2020
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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