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1821 Merry Oak Road Sw 
Marietta, GA
30008
4 Beds 2 Baths 1,700 sqft
Built 1979
INVESTimate
$194,500
List Price
$57,293
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PROPERTY INFO
FACTS
- Built In 1979
- Price/Sqft : $114.41
- 2 Days on Market
- MLS # : 6771794
- Updated Date : 08/26/2020 at 03:10
CONSTRUCTION
- Beds : 4
- Floor Size : 1,700 sqft
- Baths : 2 full
Listing Agent's Description
WILL NOT LAST LONG.. HOT NEW LISTING! 4 bedroom/ 2 bathroom split level home! NEW ROOF Completed two years ago . Hardwood floors! FRESH new exterior paint!!
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: Woodmere
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Woodmere
* 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 | $1,340 |
| EXPENSES | Loan Payment | -$718 |
| Property Tax | -$308 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$135
|
||
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.
$194,500
PROJECTED PRICE
$1,340
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 9.42% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$57,293
LOAN DETAILS
$718
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $48,625 |
| Loan Amount | $145,875 |
6.25
YEARS SAVED
$15,665
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,340
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,356
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
1821 Merry Oak Road Sw Marietta, 1
- 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1979
- Rent
- Rent Per SQFT
- $1,340
- $0.79
-
1060 Litchfield Way Sw Marietta, 2
- 3 beds 3 baths ∙ 1,831 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,831 Sqft ∙ Built 1995
LEASED 03/27/19- Rent
- Rent Per SQFT
- $1,395
- $0.76
-
1798 Merry Oak Road Sw Marietta, 3
- 4 beds 2 baths ∙ 1,690 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,690 Sqft ∙ Built 1982
LEASED 05/01/19- Rent
- Rent Per SQFT
- $1,400
- $0.83
-
3481 Clare Cottage Trace Sw Marietta, 4
- 3 beds 3 baths ∙ 1,771 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,771 Sqft ∙ Built 1989
LEASED 12/02/19- Rent
- Rent Per SQFT
- $1,445
- $0.82
-
2165 Cottage Court Sw Marietta, 5
- 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 1988
LEASED 05/10/19- Rent
- Rent Per SQFT
- $1,525
- $0.78
PROPERTY LISTING DETAILS
1.404.661.8371
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6771794
Last Updated: 08/26/2020
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.
