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869 Bennett Road Powder Springs, GA 30127

4 Beds 2 Baths 2,976 sqft Built 2000

$425,000

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $142.81
  • 38 Days on Market
  • MLS # : 6815732
  • Updated Date : 12/05/2020 at 12:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,976 sqft
  • Baths : 2 full
Listing Agent's Description

This beautiful home has a large open floor plan with stacked stone f/p with free standing wood burning stove. Vaulted ceilings very open and spacious. Hardwoods throughout. Country living in the city close to shopping yet lots of privacy. Fenced back yard. Master on main oversized. Wheelchair accessible rooms. Wheelchair accessible shower. Wrap around porch. Plenty of storage space inside and outside. 5+acres view to a beautiful Lake. Lake is not part of this property. Book cases, walk in closets. Rooms all oversized and spacious.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 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'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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Zip Code: 30127

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210kPrice in $103k216k

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

Zip Code: 30127

ZipNIR Market*CityMarket2010Year20002019 Q210001050110011501200125013001350140014501500Rent in $9731509

* 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
Baggett Elementary School Primary Regular 695 50 6
Dobbins Middle School Middle Regular 793 48 7
Hiram High School High Regular 1,636 80 5

Baggett Elementary School

  • Education Level: Primary
  • # of students: 695
  • # of teachers: 50
6
GreatSchools Rating

Dobbins Middle School

  • Education Level: Middle
  • # of students: 793
  • # of teachers: 48
7
GreatSchools Rating

Hiram High School

  • Education Level: High
  • # of students: 1,636
  • # of teachers: 80
5
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,476
Property Tax -$375
Property Insurance -$85
Property Management Fees -$119
CASH FLOW
$65

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$425,000

PROJECTED PRICE

$2,120

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$22,700

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,905

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,120
$2,120
RENT COMPS ANALYSIS
  • 869 Bennett Road Powder Springs, GA 2
    • 4 beds 2 baths ∙ 2,976 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,976 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.71
    •  
  • 4175 Defoors Farm Drive Powder Springs, GA 1
    • 5 beds 3 baths ∙ 3,276 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,276 Sqft ∙ Built 2005
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.64
    •  
PROPERTY LISTING DETAILS
Teresa Clark
1.770.403.6194
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6815732
Last Updated: 12/05/2020
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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