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6717 Gunstock Lane 
Tucker, GA
30084
3 Beds 3 Baths 1,984 sqft
Built 1985
INVESTimate
$230,000
List Price
$66,700
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PROPERTY INFO
FACTS
- Built In 1985
- Price/Sqft : $115.93
- 2 Days on Market
- MLS # : 6772000
- Updated Date : 08/25/2020 at 19:40
CONSTRUCTION
- Beds : 3
- Floor Size : 1,984 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
This 3 Bedroom 2 1/2 Bath. Home is nicely located near shopping, parks, golf course, dining ,and easy access to interstate. Needs a little TLC to make this House a Home again.
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: 30084
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30084
* 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 | $1,590 |
| EXPENSES | Loan Payment | -$849 |
| Property Tax | -$233 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$324
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$230,000
PROJECTED PRICE
$1,590
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 6.54% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$66,700
LOAN DETAILS
$849
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,500 |
| Loan Amount | $172,500 |
11.33
YEARS SAVED
$46,500
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,706
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
6717 Gunstock Lane Tucker, 2
- 3 beds 3 baths ∙ 1,984 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,984 Sqft ∙ Built 1985
![property image]()
- Rent
- Rent Per SQFT
- $1,590
- $0.80
-
1110 Winter Park Lane Norcross, 1
- 3 beds 3 baths ∙ 1,891 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,891 Sqft ∙ Built 1995
![property image]()
LEASED 03/28/19- Rent
- Rent Per SQFT
- $1,500
- $0.79
-
4528 Britt Road Tucker, 3
- 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1987
![property image]()
LEASED 08/13/19- Rent
- Rent Per SQFT
- $1,650
- $0.90
-
6647 Payton Woods Drive Tucker, 4
- 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 1968
![property image]()
LEASED 03/20/20- Rent
- Rent Per SQFT
- $1,700
- $0.87
-
607 Grey Rock Road Norcross, 5
- 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 2000
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,700
- $0.88
PROPERTY LISTING DETAILS
1.770.886.9000
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6772000
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.
