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1520 Marshall Ln SE
Conyers, GA 30094
1520 Marshall Ln SE
Conyers, GA 30094
5.9%
Year 1 Cap Rate$296,459
10 yr cash flow8.86%
10 yr IRRDetails
- Lot size20,038
- Rentable Sq.Ft1,463
- $/Rentable Sq.Ft$191
- Monthly rent$1,795
- Safety deposit$1,795
- Estimated reserve$3,500
- Lease start2023-06-24
- Lease end2024-06-23
- HOANo
- Flood zoneNo
3-bedroom home in Conyers, GA, a Rockdale County suburb of the Atlanta–Sandy Springs–Alpharetta metropolitan area (“Atlanta”), the 8th largest metro in the United States with over 6.1 million people and commonly regarded as a top single-family rental (“SFR”) market for investment in the country.
The home offers investors future value-add upside on top of the projected metrics, through further cosmetic renovations during the hold period, with accessibility to the I-20, local retail and amenities, and newer development in the area expected to further improve the home’s desirability for both home owners and renters.
Furthermore, long-term investors stand to benefit from the following factors:
- Low going-in basis for both single family home and rentals in a major metro, with affordable home values and rental rates relative to many other metros in the United States continuing to drive large in-migration into the metro.
- Well rated for a number of key neighborhood datapoints, including a “B+” grade for both the overall neighborhood, as provided by Niche
- Accessibility to employment, with the metro being home to 16 Fortune 500 companies, one of the largest concentrations of Fortune 500 companies in the United States and a key hub for IT, media, logistics, and education.
The home owner will enjoy a 12-month rental and repairs guarantee!
Don’t miss your chance to add this home into your portfolio!
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Neighborhood
Niche grades and rankings use rigorously analyzed data and user opinions to assess the key aspects of this neighborhood.
Overall neighborhood score:
1520 Marshall Ln SE, Conyers, GA 30094
Cost Of Living
Good For Families
Good For Young Professionals
Housing
Jobs
Public Schools
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Financials
| Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
|---|---|---|---|---|---|
| Rental revenue | $21,540 | $22,617 | $23,748 | $26,182 | $33,416 |
| Vacancy & Collection Loss | ($0) | ($905) | ($950) | ($1,047) | ($1,337) |
| Operating revenues | $21,540 | $21,712 | $22,798 | $25,135 | $32,079 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Insurance | ($1,191) | ($1,227) | ($1,264) | ($1,341) | ($1,554) |
| Utilities | ($0) | ($0) | ($0) | ($0) | ($0) |
| Leasing Fee | ($0) | ($377) | ($396) | ($436) | ($557) |
| Property management | ($1,034) | ($1,086) | ($1,140) | ($1,257) | ($1,604) |
| Real estate taxes | ($3,409) | ($3,511) | ($3,616) | ($3,836) | ($4,447) |
| Repairs and maintenance | ($539) | ($1,131) | ($1,187) | ($1,309) | ($1,671) |
| Operating expenses | ($6,173) | ($7,332) | ($7,603) | ($8,179) | ($9,833) |
| Net Operating Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Operating revenues | $21,540 | $21,712 | $22,798 | $25,135 | $32,079 |
| Operating expenses | ($6,173) | ($7,332) | ($7,603) | ($8,179) | ($9,833) |
| Net Operating Income | $15,367 | $14,380 | $15,195 | $16,956 | $22,246 |
| Cap Rate | 5.9% | 5.5% | 5.8% | 6.5% | 8.6% |
| Other income & expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| SHARE management | ($1,300) | ($1,339) | ($1,379) | ($1,463) | ($1,696) |
| Mortgage payments | $0 | $0 | $0 | $0 | $0 |
| Other income & expenses | ($1,300) | ($1,339) | ($1,379) | ($1,463) | ($1,696) |
| Cash flow & yield | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Cash flow | $14,067 | $13,041 | $13,816 | $15,493 | $20,550 |
| Cash yield | 5.1% | 4.7% | 5.0% | 5.6% | 7.4% |
Acquisition Equity
| Down payment | ($260,000) | |||
|---|---|---|---|---|
| Acquisition fee | ($7,800) | |||
| Title insurance | ($3,900) | |||
| Debt costs | ||||
| Home Buyer Inspection | ($500) | |||
| Leasing Fee | ($1,795) | |||
| Reserves | ($3,500) | |||
| Total | ($277,495) | |||
Disposition Proceeds
| Estimated sale price | $423,513 | |||
|---|---|---|---|---|
| Disposition fee | ($4,235) | |||
| Other disposition costs | ($8,470) | |||
| Year 10 mortgage balance | ($0) | |||
| Total | $410,808 | |||
