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904 Feather Creek Lane Woodstock, GA 30189

4 Beds 3 Baths 2,810 sqft Built 1990

$348,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $124.16
  • 3 Days on Market
  • MLS # : 6825928
  • Updated Date : 01/09/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,810 sqft
  • Baths : 3 full
Listing Agent's Description

Local schools, shopping, and the Eagle Watch Golf Club are all just minutes away from this gorgeous 4 bedroom and 3 bathroom home in Woodstock! The first thing you'll notice upon entering the home is the natural light that just floods in. The living room has a passthrough view of the kitchen and a fireplace with hookups right above that will be perfect for setting up a TV. Stainless steel appliances are featured in the kitchen and we know that you'll love the custom backsplash. The primary bedroom has a high ceiling and an attached en suite bathroom with a soaking tub!

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

Neighborhood: Eagle Watch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k359k

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

Neighborhood: Eagle Watch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9732109

* 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
Bascomb Elementary School Primary Regular 1,038 56 9
E.t. Booth Middle School Middle Regular 1,692 91 8
Etowah High School High Regular 2,411 125 8

Bascomb Elementary School

  • Education Level: Primary
  • # of students: 1,038
  • # of teachers: 56
9
GreatSchools Rating

E.t. Booth Middle School

  • Education Level: Middle
  • # of students: 1,692
  • # of teachers: 91
8
GreatSchools Rating

Etowah High School

  • Education Level: High
  • # of students: 2,411
  • # of teachers: 125
8
GreatSchools Rating
 

$314,010$383,790$348,900

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,212
Property Tax -$285
Property Insurance -$81
HOA -$67
Property Management Fees -$119
CASH FLOW
$176

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.

$348,900

PROJECTED PRICE

$1,940

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,209

INVESTMENT

$98,209

Down Payment
$87,225
Rehab Estimate
$5,750
Closing Costs
$5,234

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,212

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,225
Loan Amount $261,675
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$32,021

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,946

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,720
1$1,7202$1,7753$1,8354$1,8955$1,940
$1,940
RENT COMPS ANALYSIS
  • 904 Feather Creek Lane Woodstock, GA 5
    • 4 beds 3 baths ∙ 2,810 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,810 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.69
    •  
  • 4011 Watkins Glen Drive Woodstock, GA 1
    • 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 1990
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.68
    •  
  • 7119 Big Woods Drive Woodstock, GA 2
    • 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 1994
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.72
    •  
  • 200 Mirramont Street Woodstock, GA 3
    • 4 beds 3 baths ∙ 2,480 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,480 Sqft ∙ Built 2000
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.74
    •  
  • 806 Ridge Creek Lane Woodstock, GA 4
    • 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1991 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1991
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.63
    •  
PROPERTY LISTING DETAILS
Michelle Sanders
1.678.884.7933
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6825928
Last Updated: 01/09/2021
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. © 2017 First Multiple Listing Service, Inc.

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