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916 Highway 314 Fayetteville, GA 30214

4 Beds 3 Baths 2,265 sqft Built 1980

$259,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $114.35
  • 3 Days on Market
  • MLS # : 6808437
  • Updated Date : 11/14/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,265 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

TOTAL LUXURY RENOVATION !! NEW NEW NEW !!! EVERYTHING IS NEW!! GREAT FAYETTE CO. SCHOOLS !!!! NEW FRONT DOORS,2 STORY FOYER, NEW HARDWOOD FLOORS ON MAIN LEVEL . NEW STAINLESS STEEL APPLIANCE PACKAGE, NEW EXOTIC GRANITE COUNTER TOPS IN KITCHEN, SEPARATE DINING ROOM AND LIVING ROOM. MARBLE FIREPLACE IN MASTER BEDROOM AND IN LIVING ROOM, BRAND NEW LIGHT FIXTURES AND CEILING FANS THROUGHOUT. MARBLE FIREPLACE FLOOR TO CEILING IN MASTER BEDROOM AND BATHROOM !!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30214

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Zip Code: 30214

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9592009

* 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
North Fayette Elementary School Primary Regular 586 40 7
Flat Rock Middle School Middle Regular 773 50 8
Sandy Creek High School High Regular 1,192 79 7

North Fayette Elementary School

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 40
7
GreatSchools Rating

Flat Rock Middle School

  • Education Level: Middle
  • # of students: 773
  • # of teachers: 50
8
GreatSchools Rating

Sandy Creek High School

  • Education Level: High
  • # of students: 1,192
  • # of teachers: 79
7
GreatSchools Rating
 

$233,100$284,900$259,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$956
Property Tax -$224
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
$230

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.

$259,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 7.6%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,385

INVESTMENT

$74,385

Down Payment
$64,750
Rehab Estimate
$5,750
Closing Costs
$3,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$956

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,750
Loan Amount $194,250
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$40,398

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,789

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,880
$1,880
RENT COMPS ANALYSIS
  • 916 Highway 314 Fayetteville, GA 1
    • 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.71
    •  
  • 350 N Fayette Drive Fayetteville, GA 2
    • 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1983
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.79
    •  
PROPERTY LISTING DETAILS
Douglas Parson
1.404.822.4869
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6808437
Last Updated: 11/14/2020
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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