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900 Coach House Drive Tucker, GA 30084

4 Beds 3 Baths 2,765 sqft Built 1985

$320,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $115.73
  • 3 Days on Market
  • MLS # : 6852830
  • Updated Date : 03/13/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,765 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Wonderful two story 4 bedroom traditional with full rocking chair front porch on one of the best culdesac lots ever. Move-in Ready condition! BRAND NEW BATH in Owner’s Suite, Hardwoods throughout main level, Sun porch off the back plus a HUGE lower deck overlooking the Amazing flat fenced backyard with separate fenced garden area on one side. Formal Living & Dining Rooms plus fireside Family Room w/ recessed lighting, Eat-in kitchen w/ stainless steel appliances. Great floorplan with Large bedrooms. Finished bonus room in basement. HVAC and all windows replaced in 2018

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Zip Code: 30084

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $103k243k

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

Zip Code: 30084

ZipNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9731643

* 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
Nesbit Elementary School Primary Regular 2,182 145 5
Lilburn Middle School Middle Regular 1,790 102 5
Meadowcreek High School High Regular 3,548 172 3

Nesbit Elementary School

  • Education Level: Primary
  • # of students: 2,182
  • # of teachers: 145
5
GreatSchools Rating

Lilburn Middle School

  • Education Level: Middle
  • # of students: 1,790
  • # of teachers: 102
5
GreatSchools Rating

Meadowcreek High School

  • Education Level: High
  • # of students: 3,548
  • # of teachers: 172
3
GreatSchools Rating
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,111
Property Tax -$320
Property Insurance -$81
Property Management Fees -$119
CASH FLOW
$109

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.

$320,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 6.5%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$21,175

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $1,894

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7003$1,7404$1,8005$2,250
$2,250
RENT COMPS ANALYSIS
  • 900 Coach House Drive Tucker, GA 3
    • 4 beds 3 baths ∙ 2,765 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,765 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.63
    •  
  • 875 Arlington Drive Tucker, GA 1
    • 4 beds 3 baths ∙ 2,728 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,728 Sqft ∙ Built 1984
    property image
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.59
    •  
  • 5813 Poppy Tree Lane Tucker, GA 2
    • 4 beds 4 baths ∙ 2,420 Sqft ∙ Built 2000 4 beds 4 baths ∙ 2,420 Sqft ∙ Built 2000
    property image
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.70
    •  
  • 6274 Wandering Way Norcross, GA 4
    • 3 beds 3 baths ∙ 2,530 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,530 Sqft ∙ Built 2000
    property image
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.71
    •  
  • 4156 Britts Gate Lane Tucker, GA 5
    • 5 beds 3 baths ∙ 3,032 Sqft ∙ Built 1983 5 beds 3 baths ∙ 3,032 Sqft ∙ Built 1983
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.74
    •  
PROPERTY LISTING DETAILS
Michael Bunch
1.404.307.4915
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6852830
Last Updated: 03/13/2021
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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