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830 Lake Hollow Boulevard Sw #41 Marietta, GA 30064

3 Beds 3 Baths 1,865 sqft Built 1979

$177,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $94.91
  • 7 Days on Market
  • MLS # : 6856931
  • Updated Date : 03/23/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,865 sqft
  • Baths : 3 full
Listing Agent's Description

This Marietta two-story home offers a two-car garage.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Spinnaker Cove

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $67k282k

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

Neighborhood: Spinnaker Cove

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8171917

* 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
Cheatham Hill Elementary School Primary Regular 1,109 73 7
Smitha Middle School Middle Regular 986 65 5
Osborne High School High Regular 1,999 123 3

Cheatham Hill Elementary School

  • Education Level: Primary
  • # of students: 1,109
  • # of teachers: 73
7
GreatSchools Rating

Smitha Middle School

  • Education Level: Middle
  • # of students: 986
  • # of teachers: 65
5
GreatSchools Rating

Osborne High School

  • Education Level: High
  • # of students: 1,999
  • # of teachers: 123
3
GreatSchools Rating
 

$159,300$194,700$177,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$615
Property Tax -$280
Property Insurance -$63
HOA -$425
Property Management Fees -$119
CASH FLOW
$8

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.

$177,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.85%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,655

INVESTMENT

$52,655

Down Payment
$44,250
Rehab Estimate
$5,750
Closing Costs
$2,655

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $44,250
Loan Amount $132,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$943

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,665

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5103$1,5954$1,6505$1,900
$1,900
RENT COMPS ANALYSIS
  • 830 Lake Hollow Boulevard Sw Marietta, GA 2
    • 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.81
    •  
  • 764 Reeves Lake Drive Sw Marietta, GA 1
    • 3 beds 3 baths ∙ 1,744 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,744 Sqft ∙ Built 1996
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.86
    •  
  • 750 Reeves Lake Drive Sw Marietta, GA 3
    • 3 beds 3 baths ∙ 1,782 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,782 Sqft ∙ Built 1999
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.90
    •  
  • 860 Westward Court Sw Marietta, GA 4
    • 4 beds 3 baths ∙ 1,781 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,781 Sqft ∙ Built 1999
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
  • 256 Merrydale Drive Sw Marietta, GA 5
    • 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 1963
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.88
    •  
PROPERTY LISTING DETAILS
Kim Klir
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6856931
Last Updated: 03/23/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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