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853 Cochise Trail Se Conyers, GA 30094

3 Beds 1 Baths 1,596 sqft Built 1979

$149,999

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $93.98
  • 5 Days on Market
  • MLS # : 6835591
  • Updated Date : 02/06/2021 at 19:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,596 sqft
  • Baths : 1 full
Listing Agent's Description

Spacious 3 bedroom 1 bath ranch. Fully renovated, tile floors throughout, fireplace, Large fence backyard. Great house at a good price.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Indian Ridge

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $63k209k

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

Neighborhood: Indian Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7631509

* 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
Barksdale Elementary School Primary Regular 584 38 7
General Ray Davis Middle School Middle Regular 1,012 62 6
Salem High School High Regular 1,370 69 4

Barksdale Elementary School

  • Education Level: Primary
  • # of students: 584
  • # of teachers: 38
7
GreatSchools Rating

General Ray Davis Middle School

  • Education Level: Middle
  • # of students: 1,012
  • # of teachers: 62
6
GreatSchools Rating

Salem High School

  • Education Level: High
  • # of students: 1,370
  • # of teachers: 69
4
GreatSchools Rating
 

$134,999$164,999$149,999

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$521
Property Tax -$171
Property Insurance -$58
Property Management Fees -$119
CASH FLOW
$371

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.

$149,999

PROJECTED PRICE

$1,240

PROJECTED RENT

0.83%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 7.1%
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$600k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,500

INVESTMENT

$45,500

Down Payment
$37,500
Rehab Estimate
$5,750
Closing Costs
$2,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$521

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $37,500
Loan Amount $112,499
See What Happens When You Reinvest Cash Flow

14.08

YEARS SAVED

$34,856

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,165

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,240
1$1,2402$1,2453$1,300
$1,300
RENT COMPS ANALYSIS
  • 853 Cochise Trail Se Conyers, GA 1
    • 3 beds 1 baths ∙ 1,596 Sqft ∙ Built 1979 3 beds 1 baths ∙ 1,596 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.78
    •  
  • 4905 Cedar Court Se Conyers, GA 2
    • 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1990
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.70
    •  
  • 4632 Se Hamlet Walk Se Conyers, GA 3
    • 4 beds 2 baths ∙ 1,714 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,714 Sqft ∙ Built 1986
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.76
    •  
PROPERTY LISTING DETAILS
Zavier Jean Pierre
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6835591
Last Updated: 02/06/2021
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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