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Low-Reno Home in Atlanta
Fairburn, GA 30213
Low-Reno Home in Atlanta
Fairburn, GA 30213
0.0%
Year 1 caprate$0
10 year cashflow0.00%
10 year irrDetails
- Lot size7,580
- Rentable Sq.Ft1,516
- $/Rentable Sq.Ft$172
- Monthly rent$1,945
- Safety deposit$1,945
- Estimated reserve$3,500
- Lease start2023-09-01
- Lease end2024-08-30
- HoaYes
- Flood zoneNo
COMING SOON - FIGURES SUBJECT TO CHANGE
Long-term investors stand to benefit from the following factors:
- Near top-rated schools and amenities, ideal for attracting long-term tenants
- Low upfront renovation requirements position the property for immediate rental income
- Low going-in basis for both single family homes and rentals in a major metro
- Accessibility to employment, with the metro being home to 16 Fortune 500 companies
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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:
Fairburn, 30213
Cost Of Living
Good For Families
Good For Young Professionals
Housing
Jobs
Public Schools
Weather
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Financials
| Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
|---|---|---|---|---|---|
| Rental revenue | $23,340 | $24,274 | $25,245 | $27,304 | $33,220 |
| Vacancy | ($0) | ($971) | ($1,010) | ($1,092) | ($1,329) |
| Operating revenues | $23,340 | $23,303 | $24,235 | $26,212 | $31,891 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| HOA fees | ($302) | ($311) | ($321) | ($340) | ($394) |
| Insurance | ($1,491) | ($1,535) | ($1,582) | ($1,678) | ($1,945) |
| Utilities | ($151) | ($156) | ($160) | ($170) | ($197) |
| Leasing fee | ($0) | ($632) | ($657) | ($711) | ($865) |
| Property mgmt | ($0) | ($2,185) | ($2,272) | ($2,457) | ($2,990) |
| Real estate taxes | ($3,577) | ($3,684) | ($3,794) | ($4,026) | ($4,667) |
| Repairs maintenance | ($584) | ($1,214) | ($1,262) | ($1,365) | ($1,661) |
| Operating expenses | ($6,105) | ($9,717) | ($10,048) | ($10,747) | ($12,719) |
| 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 | ($1,310) | ($1,349) | ($1,390) | ($1,474) | ($1,709) |
| Mortgage payments | $0 | $0 | $0 | $0 | $0 |
| Other income & expenses | ($1,310) | ($1,349) | ($1,390) | ($1,474) | ($1,709) |
| 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 | ($260,000) | |||
|---|---|---|---|---|
| Acquisition fee | ($7,800) | |||
| Title insurance | ($2,600) | |||
| Debt costs | ||||
| Home buyer inspection | ($500) | |||
| Leasing fee | ($1,945) | |||
| Reserves | ($3,500) | |||
| Stabilization costs | ($1,782) | |||
| Total | ($278,127) | |||
Disposition proceeds
| Estimated sale price | $510,601 | |||
|---|---|---|---|---|
| Disposition fee | ($5,106) | |||
| Other disposition costs | ($10,212) | |||
| Year 10 mortgage balance | ($0) | |||
| Total | $495,283 | |||