Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1962
- Price/Sqft : $193.37
- 5 Days on Market
- MLS # : 6819644
- Updated Date : 12/17/2020 at 11:33
CONSTRUCTION
- Beds : 3
- Floor Size : 1,236 sqft
- Baths : 1 full , 1 half
Listing Agent's Description
Four sided brick ranch on large lot with detached garage and separate workshop. 3 bedrooms with 1.5 bathrooms feature hardwood floors, tile and water purification system. Kitchen is spacious and open to both the living room and separate keeping room/den with fireplace. Large corner lot provides plenty of privacy and room for a pool or space to play. Separate side gate for workshop and garage. Additional parking is available under the carport. Side patio off the kitchen would be ideal for fire pit or grilling area. Wonderful location close to schools, shopping and parks.
SEE MORE
- 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
Neighborhood: Clayberg Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Clayberg Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,070 |
| EXPENSES | Loan Payment | -$882 |
| Property Tax | -$211 | |
| Property Insurance | -$51 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$193
|
||
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.
$239,000
PROJECTED PRICE
$1,070
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 5.9% |
| 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
$69,085
LOAN DETAILS
$882
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,750 |
| Loan Amount | $179,250 |
0.92
YEARS SAVED
$1,077
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,070
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,072
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
857 Orris Lane Sw Mableton, GA 2
- 3 beds 2 baths ∙ 1,236 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,236 Sqft ∙ Built 1962
![property image]()
- Rent
- Rent Per SQFT
- $1,070
- $0.87
-
290 Stroud Drive Se Mableton, GA 1
- 3 beds 2 baths ∙ 1,128 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,128 Sqft ∙ Built 1958
![property image]()
LEASED 10/20/19- Rent
- Rent Per SQFT
- $1,000
- $0.89
-
1911 Silver Creek Drive Austell, GA 3
- 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1964
![property image]()
LEASED 10/03/19- Rent
- Rent Per SQFT
- $1,175
- $0.87
-
361 Gordon Valley Lane Sw Mableton, GA 4
- 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1980
![property image]()
LEASED 07/29/19- Rent
- Rent Per SQFT
- $1,213
- $0.82
-
6717 Rioca Circle Se Mableton, GA 5
- 3 beds 2 baths ∙ 1,429 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,429 Sqft ∙ Built 1969
![property image]()
LEASED 10/09/20- Rent
- Rent Per SQFT
- $1,275
- $0.89
PROPERTY LISTING DETAILS
1.770.597.4677
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6819644
Last Updated: 12/17/2020
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.
