Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
103 Grant Drive # 80 
Canton, GA
30114
3 Beds 3 Baths 1,812 sqft
Built 2020
INVESTimate
$266,580
List Price
$72,644
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $147.12
- 2 Days on Market
- MLS # : 6772018
- Updated Date : 08/25/2020 at 19:40
CONSTRUCTION
- Beds : 3
- Floor Size : 1,812 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Move in Ready December 2020! The Norwood floorplan provides spacious townhome living thanks to its open functional loft-style floorplan. The kitchen that features an island, stainless steel appliances and granite countertops graciously flows into the great room where you can easily access the rear patio for enjoyable outdoor living. This lightfilled townhome is an end unit. THe second story owner's suite boasts a lovely bath with a separate shower and tub and a walk-in closet. A loft, two additional bedrooms and a laundry room complete the second story. This home is
SEE MORE
- #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: Grand Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Grand Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$984 |
| Property Tax | -$356 | |
| Property Insurance | -$62 | |
| HOA | -$85 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$264
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$266,580
PROJECTED PRICE
$1,870
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 6.64% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 7.38% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$72,644
LOAN DETAILS
$984
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,645 |
| Loan Amount | $199,935 |
9.83
YEARS SAVED
$46,777
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,540
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
103 Grant Drive Canton, 3
- 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,870
- $1.03
-
625 Wiley Court Canton, 1
- 3 beds 3 baths ∙ 1,859 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,859 Sqft ∙ Built 2005
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,650
- $0.89
-
600 Wiley Court Canton, 2
- 3 beds 2 baths ∙ 2,138 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,138 Sqft ∙ Built 2003
LEASED 09/02/19- Rent
- Rent Per SQFT
- $1,725
- $0.81
PROPERTY LISTING DETAILS
1.678.761.1387
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6772018
Last Updated: 08/25/2020
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.
