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9107 Grampian Court Winston, GA 30187

4 Beds 4 Baths 1,803 sqft Built 2002

$289,900

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $160.79
  • 11 Days on Market
  • MLS # : 6823818
  • Updated Date : 01/06/2021 at 12:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,803 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Beautiful MUST SEE!!!! 4 bedroom 3.5 bath house sitting in a cul de sac lot designed with outdoor entertainment area, with maximizing space in mind. The home has a new pool, grilling area, with a huge patio equipped with outdoor tv, outdoor lighting, and plenty of room to entertain. Easy access to an outdoor entrance of a teen/in-law suite. Two car garage and plenty of room for storage throughout the home. Kitchen has been recently renovated with granite countertops, tile backsplash, under cabinet lighting, island, coffee nook, and a cabinet pantry.

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: 30187

ZipNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200kPrice in $92k209k

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

Zip Code: 30187

ZipNIR Market*CityMarket2010Year20002019 Q290095010001050110011501200125013001350140014501500Rent in $8811509

* 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
South Douglas Elementary School Primary Regular 591 33 9
Fairplay Middle School Middle Regular 530 30 7
Alexander High School High Regular 1,729 96 7

South Douglas Elementary School

  • Education Level: Primary
  • # of students: 591
  • # of teachers: 33
9
GreatSchools Rating

Fairplay Middle School

  • Education Level: Middle
  • # of students: 530
  • # of teachers: 30
7
GreatSchools Rating

Alexander High School

  • Education Level: High
  • # of students: 1,729
  • # of teachers: 96
7
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,007
Property Tax -$265
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
$167

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.

$289,900

PROJECTED PRICE

$1,620

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 9.0%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$25,909

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,370

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,620
$1,620
RENT COMPS ANALYSIS
  • 9107 Grampian Court Winston, GA 2
    • 4 beds 4 baths ∙ 1,803 Sqft ∙ Built 2002 4 beds 4 baths ∙ 1,803 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.90
    •  
  • 7088 Hummingbird Lane Winston, GA 1
    • 4 beds 2 baths ∙ 1,517 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,517 Sqft ∙ Built 1999
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.76
    •  
PROPERTY LISTING DETAILS
Ophelia Gaskin
1.770.355.7946
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6823818
Last Updated: 01/06/2021
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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