Property Details

Investment property: Ellenwood, GA 30294
(Click on photo for more information)

Newer home with 2 car garage and fireplace. Kitchen, living room, and dining area. In the Cedar Grove High School district. Home sold in 2006 for $115,000.

Address 2738 Ward Lake Ct.
Ellenwood, GA  30294
County DeKalb
Year Built 0
Subdivision
Bedrooms 3
Bathrooms 2.5
SqFt 1685
Stories 2
Garage

Price $ 79900
Estimated Repairs $ 18000
Estimated Retail Value $ 95000
Estimated Rental Income $ 950
Estimated Property Taxes $ 1873
HOA Fees $ 0

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Address 2423 Tolliver Hills Lane
Ellenwood, GA 30294

4 BR / 3 BA
1786 Sq. Ft.
Last Sold On: 05/20/2011

Sales Price: $83,900

Address 4007 Rolling Place
Conley, GA 30288

3 BR / 2 BA
1950 Sq. Ft.
Last Sold On: 03/29/2011

Sales Price: $83,000

Address 3398 River Mill Lane
Ellenwood, GA 30294

3 BR / 3 BA
1839 Sq. Ft.
Last Sold On: 07/06/2011

Sales Price: $82,400

Address 3752 Cress Way Drive
Decatur, GA 30034

3 BR / 3 BA
1604 Sq. Ft.
Last Sold On: 07/08/2011

Sales Price: $87,000

 

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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Projected Monthly Cash Flow $

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
Plus Yearly Appreciation
EFFECTIVE NET CASH FLOW
 
EQUITY ACCUMULATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Property Value
(Mortgage Balance)
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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