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PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $60.72
- 7 Days on Market
- MLS # : 6809977
- Updated Date : 11/18/2020 at 08:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,882 sqft
- Baths : 3 full
Listing Agent's Description
Charming four sided brick ranch with a full finished basement. Home features a large living and dining area, kithchen with new counter tops, tile backsplash, and new stove and refrigerator. Spacious master suite has an ensuite bathroom. New flooring and paint throughout, including basement. Separate living area plus bedroom and bath in basement --great man cave or in-law/teen suite. Large deck overlooking private, fenced backyard with a playset and fenced dog pen. Outbuilding with plenty of storage with its own small driveway. Close to I-20, shopping and restaurants!
SEE MORE
- 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)
- Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (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)
- #1 Most affordable big city (WalletHub, 2018)
PRICE & RENT TRENDS
Neighborhood: Northridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,320 |
| EXPENSES | Loan Payment | -$646 |
| Property Tax | -$313 | |
| Property Insurance | -$83 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$159
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.
$175,000
PROJECTED PRICE
$1,320
PROJECTED RENT
0.75%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 7.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$52,125
LOAN DETAILS
$646
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $43,750 |
| Loan Amount | $131,250 |
6.58
YEARS SAVED
$15,972
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,320
LIST RENT -
$0.46
LIST RENT PER SQFT
-
$1,470
COMP ESTIMATED VALUE -
$0.51
COMP AVG. RENT PER SQFT
Comps Range
-
950 Kingston Road Conyers, GA 1
- 4 beds 3 baths ∙ 2,882 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,882 Sqft ∙ Built 1972
- Rent
- Rent Per SQFT
- $1,320
- $0.46
-
2450 Irwin Bridge Road Conyers, GA 2
- 3 beds 2 baths ∙ 2,672 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,672 Sqft ∙ Built 1992
LEASED 11/07/19- Rent
- Rent Per SQFT
- $1,350
- $0.51
PROPERTY LISTING DETAILS
1.404.915.1490
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6809977
Last Updated: 11/18/2020
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.
