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9140 Waterford Lane Powder Springs, GA 30127

4 Beds 3 Baths 2,407 sqft Built 2004

INVESTimate

$250,000

List Price

$1,800

$1,620 - $1,980

Rent Est.

$267,475  ( +6.99%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $103.86
  • 4 Days on Market
  • MLS # : 6771077
  • Updated Date : 08/25/2020 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,407 sqft
  • Baths : 3 full
Listing Agent's Description

Beautiful 4 bedroom 3 full bath home in the heart of Powder Springs; huge lot with lots of privacy in the backyard and beautiful side yard; new paint throughout the home; huge slab patio in private backyard; separate living, dining and family rooms; bedroom and full bath on the main floor; the possibilities are endless with this home; great for the growing family; close to shopping, dining and transportation; bring your best offer. Please call or text Tammy Johnson with any questions at 678-463-2084.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • 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 employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Worthington

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $103k243k

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

Neighborhood: Worthington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001050110011501200125013001350140014501500155016001650Rent in $9731674

* 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
Hendricks Elementary School Primary Unknown 534 41 4
Cooper Middle School Middle Regular 899 53 8
South Cobb High School High Regular 2,074 106 4

Hendricks Elementary School

  • Education Level: Primary
  • # of students: 534
  • # of teachers: 41
4
GreatSchools Rating

Cooper Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 53
8
GreatSchools Rating

South Cobb High School

  • Education Level: High
  • # of students: 2,074
  • # of teachers: 106
4
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$922
Property Tax -$249
Property Insurance -$74
HOA -$83
Property Management Fees -$119
CASH FLOW
$353

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.

$250,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 6.99%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

11.08

YEARS SAVED

$49,001

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,745

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5003$1,6704$1,8005$1,885
$1,885
RENT COMPS ANALYSIS
  • 9140 Waterford Lane Powder Springs, 4
    • 4 beds 3 baths ∙ 2,407 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,407 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.75
    •  
  • 5382 Springbrook Lane Powder Springs, 1
    • 4 beds 3 baths ∙ 2,152 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,152 Sqft ∙ Built 1995
    property image
    LEASED 11/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.67
    •  
  • 4268 Akins Ridge Lane Powder Springs, 2
    • 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 1999
    property image
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.69
    •  
  • 5191 Memorial Lane Powder Springs, 3
    • 3 beds 2 baths ∙ 2,243 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,243 Sqft ∙ Built 2001
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.74
    •  
  • 5469 Sweetsprings Drive Sw Powder Springs, 5
    • 5 beds 3 baths ∙ 2,363 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,363 Sqft ∙ Built 2001
    property image
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,885
    • $0.80
    •  
PROPERTY LISTING DETAILS
Tanya L Ess Young
1.678.908.4599
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6771077
Last Updated: 08/25/2020
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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