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3905 Cypress Pointe Drive 
Union City, GA
30291
3 Beds 3 Baths 1,456 sqft
Built 2002
INVESTimate
$138,000
List Price
$42,320
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PROPERTY INFO
FACTS
- Built In 2002
- Price/Sqft : $94.78
- 3 Days on Market
- MLS # : 6771764
- Updated Date : 08/25/2020 at 08:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,456 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Perfect opportunity for new and seasoned investors. Instant cash flowing property with long term tenants, currently rented below market rate at $875/month, with lease ending in June 2021, and no active HOA in place.Photos provided are before the property was occupied. Quiet neighborhood, spacious backyard, conveniently located near schools, shopping centers, and interstate. PLEASE DO NOT DISTURB TENANTS. SHOWINGS ARE BY APPOINTMENT ONLY via ShowingTime. FACE MASKS AND HAND SANITIZER ARE REQUIRED DURING SHOWINGS.
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
Zip Code: 30291
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30291
* 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 | $1,220 |
| EXPENSES | Loan Payment | -$509 |
| Property Tax | -$109 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$428
|
||
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.
$138,000
PROJECTED PRICE
$1,220
PROJECTED RENT
0.88%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 9.06% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$42,320
LOAN DETAILS
$509
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $34,500 |
| Loan Amount | $103,500 |
16
YEARS SAVED
$43,284
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,220
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,201
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
3905 Cypress Pointe Drive Union City, 1
- 3 beds 3 baths ∙ 1,456 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,456 Sqft ∙ Built 2002
![property image]()
- Rent
- Rent Per SQFT
- $1,220
- $0.84
-
7161 Boulder Pass Union City, 2
- 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2004
![property image]()
LEASED 01/10/20- Rent
- Rent Per SQFT
- $1,365
- $0.80
-
7539 Deer Creek Drive Union City, 3
- 3 beds 3 baths ∙ 1,652 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,652 Sqft ∙ Built 2003
![property image]()
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,395
- $0.84
-
3050 Raven Trace Fairburn, 4
- 3 beds 3 baths ∙ 1,791 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,791 Sqft ∙ Built 2005
![property image]()
LEASED 04/22/20- Rent
- Rent Per SQFT
- $1,465
- $0.82
-
3030 Raven Trace Fairburn, 5
- 3 beds 3 baths ∙ 1,791 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,791 Sqft ∙ Built 2004
![property image]()
LEASED 04/24/20- Rent
- Rent Per SQFT
- $1,500
- $0.84
PROPERTY LISTING DETAILS
1.678.462.2765
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6771764
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.
