3819 Shane Ct Ellenwood, GA 30294
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Roofstock Rack
Properties listed in the Roofstock Rack marketplace category went through our certification process but did not meet all required criteria to be Roofstock certified. A description of the issue(s) is provided on the property details page. You should review all materials in the diligence vault to fully understand any issues prior to making an offer. The seller will consider offers based on the current condition of the property or tenant performance. Roofstock Rack properties do not qualify for the Roofstock Guarantee.
  • The price was set by the Seller
  • The valuation range and price assume the property is in an above average condition
  • The total turn costs of the property are $5,710 - $6,310 (see the inspection report)
  • The Seller is motivated and willing to accept reasonable offers

  • ISSUES
  • This property is vacant
Current Rent | Market Rent | Custom
The values are total monthly rent for all units.

Current Rent: Monthly rent under current lease.

Market Rent: Estimate of monthly rent if the property was leased in the current rental market.

Custom Rent: Your own rent input in the Assumptions section below.
$0.57/sf
$925
The current rent for this property is lower than the market rent estimates provided by local Property Managers and/or Brokers. There could be an opportunity to increase the rent, leading to a higher yield.
Unlevered Cash Flow
First year net cash flow received after all operating expenses, capital expenditures, property taxes, and assuming 5% vacancy and no debt.
 
$6,269
Appreciation
Annual appreciation percentage is adjusted based on the selection in Manage Assumptions section below.
 
2.4%
Gross Yield
Monthly rent x 12 months, divided by purchase price.
 
10.8%
Unlevered Net Yield
Annual net operating income minus capital expenditures, divided by purchase price. Assuming 5% vacancy and no debt.
 
6.1%
Levered IRR
A measure of annualized net return on an equity investment. Equals the discount rate at which the sum of the present value of all cash flows is zero. Calculation based on values in Manage Assumptions, 5 year hold period, 3% annual rent growth, and estimated disposition fees of 3.5%.
 
8.7%

Manage Assumptions

Operating Expenses
Expenses Summary
Property Management 8.0%
Leasing Commissions 2.6%
Taxes / HOA / Insurance 19.1%
R&M / CapEx 10.8%

Total 40.6%

Operating Expenses are estimated annual expenses divided by your assumed total annual rent, while also assuming a vacancy factor of 5%. These expenses are estimates provided as a reference; actual expense levels may vary and will depend on several factors including specifics of any tax assessments, insurance coverage levels, property location, actual repair and maintenance costs and other factors.

41%
Monthly Rent
Note that on average about 70-80% of operating expenses are not impacted by the amount of rent, so consider decreasing your assumed Operating Expenses percentage accordingly if you are assuming a higher rent.
$925
Financing
Includes 1% in loan-related fees and closing costs.
75%
Loan Interest Rate
The loan interest rate of 4.625% is based on 75% or lower loan to home value for a 30 year loan.
4.625%
Closing Costs
Includes an estimate of acquisition closing costs for a typical transaction. Adjust higher or lower for specific circumstances or to include contingency for unforeseen costs and expenses, or points to buy-down interest rate.
1.50%
Contingency
Use this to include your estimated costs of repair into the estimated financial results for the property.
$6,310
Use Rent:

Use Appreciation:

About This Roof

3D Tour
3D Model
Curb View
  • Property is currently vacant and tenant move-in is scheduled for June 30, 2017
  • Both Roof and HVAC have 5+ years remaining of useful life per inspection report
  • Located on a cul-de-sac street
  • Near South River
  • Year Built: 1986
  • Sq Ft: 1,630
  • Bedrooms: 3
  • Lot Size: 17,424
  • HOA: none
  • Bathrooms: 2

Schools

Lease and Tenant Summary

Financing Options

Property Management Options

Investment Terms

Property Location Expand to view data analytics layers

Map Data
Map data ©2017 Google
Map DataMap data ©2017 Google
Map data ©2017 Google

Roofstock Rack
Properties listed in the Roofstock Rack marketplace category went through our certification process but did not meet all required criteria to be Roofstock certified. A description of the issue(s) is provided on the property details page. You should review all materials in the diligence vault to fully understand any issues prior to making an offer. The seller will consider offers based on the current condition of the property or tenant performance. Roofstock Rack properties do not qualify for the Roofstock Guarantee.

This property did not meet all certification criteria.
The Roofstock valuation range represents the highest and lowest adjusted values for comparable properties to a certified property selected by Roofstock and analyzed by the HouseCanary model. The highest and lowest adjusted values used for the range and the adjusted comparable value are based upon at least 3 properties sold within the past 12 months and that are the most similar to the property in location, size, condition, age, style, and design, as selected by Roofstock and valued by the HouseCanary model. If a HouseCanary comparable value is not available for a certified property, the Roofstock valuation range is based upon a calculated weighted average of the valuation reports for a certified property with the width of the range being the combined precision of all valuation reports. All valuation reports can be found in the diligence vault.
  • Property Valuation:
    $101,000 - $109,000
  • Estimated Market Rent: $1,000
  • Roofstock performs two types of inspections in our certification process. Our standard inspection is an Interior and Exterior Inspection. In some circumstances we provide an Exterior Only Inspection at the time of listing. The Exterior Only Inspection covers most of the major structural elements of the house, and the interior portion of the inspection will be completed after signing the Purchase & Sale Agreement (PSA) and prior to the close of escrow. The PSA will include an Inspection Contingency, which allows the buyer to cancel the contract if the Interior Inspection uncovers material issues with the house.
    Inspection Report:
    Inspection: Interior & Exterior
    Estimated Repairs: $6,310
  • Title status shows whether there is any title remediation that must take place prior to closing on the property.

    ‘Clear' indicates that there are no outstanding issues with title; 'Clearance at Closing' indicates that there may be minor issues that the title company will remediate prior to closing.
    Title: Clearance at Closing

Diligence Vault

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