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8525 Kendrick Road Jonesboro, GA 30238

3 Beds 2 Baths 1,455 sqft Built 1984

$125,000

List Price

$990

$891 - $1.1K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $85.91
  • 4 Days on Market
  • MLS # : 6804514
  • Updated Date : 11/06/2020 at 16:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,455 sqft
  • Baths : 2 full
Listing Agent's Description

Wonderful ranch style house listed at an unbeatable price! This adorable home features an open concept. Dining room has a view to family room with hardwood floors all throughout. Kitchen features gas range stove and is near laundry room. Very spacious rooms and even more spacious backyard. This home also has an enclosed porch located in the back of the house & a spacious shed. Backyard is gated. Located in the Flint River Forest subdivision, few minutes away from Marta, school, shopping & downtown! *UNBEATABLE PRICE*

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

Zip Code: 30238

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $76k209k

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

Zip Code: 30238

ZipNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7401509

* 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
Swint Elementary School Primary Regular 670 42 5
Pointe South Middle School Middle Regular 824 49 3
Mundy's Mill High School High Regular 1,695 82 2

Swint Elementary School

  • Education Level: Primary
  • # of students: 670
  • # of teachers: 42
5
GreatSchools Rating

Pointe South Middle School

  • Education Level: Middle
  • # of students: 824
  • # of teachers: 49
3
GreatSchools Rating

Mundy's Mill High School

  • Education Level: High
  • # of students: 1,695
  • # of teachers: 82
2
GreatSchools Rating
 

$112,500$137,500$125,000

PURCHASE PRICE

$891$1,089$990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $990
EXPENSES Loan Payment -$461
Property Tax -$136
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
$219

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.

$125,000

PROJECTED PRICE

$990

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$38,875

INVESTMENT

$38,875

Down Payment
$31,250
Rehab Estimate
$5,750
Closing Costs
$1,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$461

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $31,250
Loan Amount $93,750
See What Happens When You Reinvest Cash Flow

11.42

YEARS SAVED

$25,658

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $990

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,014

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$990
1$9902$1,0003$1,0164$1,192
$1,192
RENT COMPS ANALYSIS
  • 8525 Kendrick Road Jonesboro, GA 1
    • 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $990
    • $0.68
    •  
  • 217 Bellwood Lane Riverdale, GA 2
    • 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 3
    • 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
Jamul Tushar
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6804514
Last Updated: 11/06/2020
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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