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9920 Silver Leaf Court Douglasville, GA 30135

5 Beds 3 Baths 2,516 sqft Built 1980

INVESTimate

$219,900

List Price

$1,510

$1,359 - $1,661

Rent Est.

$236,986  ( +7.77%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1980
  • Price/Sqft : $87.40
  • 19 Days on Market
  • MLS # : 6745502
  • Updated Date : 08/25/2020 at 13:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,516 sqft
  • Baths : 3 full
Listing Agent's Description

Gorgeous well maintained home in the swim/tennis Arbor Station Community. This tri-level home features 4BR/3BA + upstairs open finished loft area. Open concept main level has beautiful bookcases, large dining room and eat in kitchen perfect for large family gatherings. Hardwood floors throughout and all kitchen appliances to remain including washer/dryer. Finished full basement includes a wet bar area, bedroom, full bath, living room and additional finished room perfect for an office or workout area. Cul-de-sac lot. Pride of ownership shows. A true must see!!!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Oakwood Village

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Neighborhood: Oakwood Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171509

* 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
Arbor Station Elementary School Primary Regular 601 36 6
Chapel Hill Middle School Middle Regular 1,105 59 8
Chapel Hill High School High Regular 1,253 70 6

Arbor Station Elementary School

  • Education Level: Primary
  • # of students: 601
  • # of teachers: 36
6
GreatSchools Rating

Chapel Hill Middle School

  • Education Level: Middle
  • # of students: 1,105
  • # of teachers: 59
8
GreatSchools Rating

Chapel Hill High School

  • Education Level: High
  • # of students: 1,253
  • # of teachers: 70
6
GreatSchools Rating
 

$197,910$241,890$219,900

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

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 $1,510
EXPENSES Loan Payment -$811
Property Tax -$255
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
$249

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.

$219,900

PROJECTED PRICE

$1,510

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 7.77%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$811

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$30,302

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • $1,484

    COMP ESTIMATED VALUE
  • $0.59

    COMP AVG. RENT PER SQFT
Comps Range
$1,465
1$1,4652$1,5103$1,650
$1,650
RENT COMPS ANALYSIS
  • 9920 Silver Leaf Court Douglasville, 2
    • 5 beds 3 baths ∙ 2,516 Sqft ∙ Built 1980 5 beds 3 baths ∙ 2,516 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.60
    •  
  • 9887 Live Oak Court Douglasville, 1
    • 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 1978
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,465
    • $0.60
    •  
  • 9915 Scarlet Oak Drive Douglasville, 3
    • 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 1986
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.58
    •  
PROPERTY LISTING DETAILS
The Allen Team
1.770.851.9097
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6745502
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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