Property Details

Investment property: Powder Springs, GA 30127
(Click on photo for more information)

Three bedroom home with finished basement and 2 car garage. Fire place in the family room. Home foreclosed in 2010 for $144,104 and sold in 2002 for $134,600. Swim and tennis neighborhood. LEASE PURCHASE TENANT IN PLACE!

Address 4956 Shipp Road
Powder Springs, GA  30127
County Cobb
Year Built 0
Subdivision
Bedrooms 3
Bathrooms 2
SqFt 1900
Stories 0
Garage

Price $ 91900
Estimated Repairs $ 23000
Estimated Retail Value $ 110000
Estimated Rental Income $ 995
Estimated Property Taxes $ 1148
HOA Fees $ 300

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Property Photos


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Address 5040 Mickleton Way
Powder Springs, GA 30127

3 BR / 2 BA
1396 Sq. Ft.
Last Sold On: 10/29/2010

Sales Price: $125,000

Address 1040 Paddocks Way
Powder Springs, GA 30127

3 BR / 2 BA
1502 Sq. Ft.
Last Sold On: 12/06/2010

Sales Price: $86,000

Address 4313 Jones Court
Powder Springs, GA 30127

3 BR / 2 BA
1444 Sq. Ft.
Last Sold On: 11/17/2010

Sales Price: $97,000

Address 4036 Woodbridge Court
Powder Springs, GA 30127

3 BR / 2 BA
1308 Sq. Ft.
Last Sold On: 12/10/2010

Sales Price: $99,900

 

Basic Purchase Information

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Purchase Price $
Down Payment (%) $
Equity at Purchase $

Cash at Closing

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at Closing *
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* This total does not include potential
escrow reserves for taxes & insurance

Mortgage Calculations

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Mortgage Payment (Yearly) $

Financial Performance Summary

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Assumptions for Calculations (Annual)

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Cash Flow and Equity Accumulation

CASH-FLOW MONTHLY YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Gross Scheduled Income
Vacancy Allowance
Total Operating Income
Property Taxes
Insurance
Homeowners Association
Maintenance Reserve
Property Management
minus Total Operating Expenses
Net Operating Income
minus Mortgage Expense
GROSS CASH FLOW
Plus Principle Paydown
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EFFECTIVE NET CASH FLOW
 
EQUITY ACCUMULATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
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EQUITY (WEALTH)
 
TAX BENEFIT YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Depreciation
Mortgage Interest

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