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1520 Marshall Ln SE
Conyers, GA 30094
1520 Marshall Ln SE
Conyers, GA 30094
0.0%
Year 1 caprate$0
10 year cashflow0.00%
10 year irrDetails
- Lot size20,038
- Rentable Sq.Ft1,463
- $/Rentable Sq.Ft$191
- Monthly rent$1,825
- Safety deposit$1,825
- Estimated reserve$3,500
- Lease start2023-02-01
- Lease end2024-01-31
- HoaNo
- Flood zoneNo
COMING SOON - FIGURES SUBJECT TO CHANGE
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 limited time special offering of waived property management fees in the first year, in addition to the 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 | $21,900 | $22,995 | $24,145 | $26,115 | $31,773 |
| Vacancy | ($0) | ($920) | ($966) | ($1,045) | ($1,271) |
| Operating revenues | $21,900 | $22,075 | $23,179 | $25,070 | $30,502 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Insurance | ($1,533) | ($1,579) | ($1,627) | ($1,726) | ($2,001) |
| Utilities | ($250) | ($258) | ($265) | ($281) | ($326) |
| Leasing fee | ($0) | ($599) | ($629) | ($680) | ($827) |
| Property mgmt | ($0) | ($1,987) | ($2,086) | ($2,256) | ($2,745) |
| Real estate taxes | ($2,517) | ($2,592) | ($2,670) | ($2,832) | ($3,283) |
| Repairs maintenance | ($730) | ($1,504) | ($1,549) | ($1,643) | ($1,905) |
| Operating expenses | ($5,030) | ($8,519) | ($8,826) | ($9,418) | ($11,087) |
| Net Operating Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Operating revenues | $0 | $0 | $0 | $0 | $0 |
| Operating expenses | $0 | $0 | $0 | $0 | $0 |
| Net operating income | $0 | $0 | $0 | $0 | $0 |
| Caprate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Other income & expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Share mgmt | ($1,425) | ($1,468) | ($1,512) | ($1,604) | ($1,859) |
| Mortgage payments | $0 | $0 | $0 | $0 | $0 |
| Other income & expenses | ($1,425) | ($1,468) | ($1,512) | ($1,604) | ($1,859) |
| Cash flow & yield | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Cash flow | $0 | $0 | $0 | $0 | $0 |
| Cash yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Acquisition equity
| Down payment | ($285,000) | |||
|---|---|---|---|---|
| Acquisition fee | ($2,850) | |||
| Title insurance | ($2,850) | |||
| Debt costs | ||||
| Home buyer inspection | ($500) | |||
| Leasing fee | ($913) | |||
| Reserves | ($3,500) | |||
| Total | ($295,613) | |||
Disposition proceeds
| Estimated sale price | $450,000 | |||
|---|---|---|---|---|
| Disposition fee | ($4,500) | |||
| Other disposition costs | ($9,000) | |||
| Year 10 mortgage balance | ($0) | |||
| Total | $436,500 | |||