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861 Bonneville Terrace Nw Atlanta, GA 30331

3 Beds 1 Baths 1,000 sqft Built 1961

$139,900

List Price

$980

$882 - $1.1K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $139.90
  • 3 Days on Market
  • MLS # : 6839962
  • Updated Date : 02/13/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,000 sqft
  • Baths : 1 full
Listing Agent's Description

Brick home, 3 bedroom 1 bath home located in a great neighborhood. kitchen w/breakfast area, new carpet, Nice, spacious back yard. Convenient to several community parks & quick access to interstates.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Carroll Heights

NeighborhoodNIR Market*CityMarket2010Year2000201940k60k80k100k120k140k160k180k200k220kPrice in $31k235k

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

Neighborhood: Carroll Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q260070080090010001100120013001400150016001700Rent in $5411714

* 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
George Alexander Towns Elementary School Primary Regular 339 31 4
Charles Lincoln Harper - Samuel Howard Archer Middle School Middle Regular 667 46 1
Frederick Douglass High School High Regular 826 66 2

George Alexander Towns Elementary School

  • Education Level: Primary
  • # of students: 339
  • # of teachers: 31
4
GreatSchools Rating

Charles Lincoln Harper - Samuel Howard Archer Middle School

  • Education Level: Middle
  • # of students: 667
  • # of teachers: 46
1
GreatSchools Rating

Frederick Douglass High School

  • Education Level: High
  • # of students: 826
  • # of teachers: 66
2
GreatSchools Rating
 

$125,910$153,890$139,900

PURCHASE PRICE

$882$1,078$980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $980
EXPENSES Loan Payment -$486
Property Tax -$162
Property Insurance -$47
Property Management Fees -$119
CASH FLOW
$166

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.

$139,900

PROJECTED PRICE

$980

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.1%
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

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$100k$200k$300k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$42,824

INVESTMENT

$42,824

Down Payment
$34,975
Rehab Estimate
$5,750
Closing Costs
$2,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$486

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $34,975
Loan Amount $104,925
See What Happens When You Reinvest Cash Flow

8.83

YEARS SAVED

$16,957

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $980

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $940

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$925
1$9252$9803$1,095
$1,095
RENT COMPS ANALYSIS
  • 861 Bonneville Terrace Nw Atlanta, GA 2
    • 3 beds 1 baths ∙ 1,000 Sqft ∙ Built 1961 3 beds 1 baths ∙ 1,000 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $980
    • $0.98
    •  
  • 650 Fairburn Road Nw Atlanta, GA 1
    • 3 beds 1 baths ∙ 1,000 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,000 Sqft ∙ Built 1963
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.93
    •  
  • 3670 Venus Place Nw Atlanta, GA 3
    • 3 beds 1 baths ∙ 1,146 Sqft ∙ Built 1960 3 beds 1 baths ∙ 1,146 Sqft ∙ Built 1960
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.96
    •  
PROPERTY LISTING DETAILS
Donald Ferguson
1.678.524.6459
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6839962
Last Updated: 02/13/2021
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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