Rental Property Investment Opportunity: 208 Benton Fields

208 Benton Fields Stockbridge, GA 30281

$275,000 | 3 Bedrooms | 2 Bathrooms | 5.5% Cap Rate

‍I'm Interested in this Property

Listing Description

Listing: Awning - Redfin - Zillow

Attention rental real estate investors: an exciting opportunity awaits in Stockbridge, GA. The home at 208 Benton Fields, listed at $275,000, offers a fantastic investment opportunity with robust projected returns. This 3-bedroom, 2-bathroom property has been meticulously reviewed and analyzed, ensuring the best possible estimates for your investment considerations. Set in a desirable neighborhood with good public schools, this home can provide a consistent income stream and potentially high appreciation over time.

Nestled in a charming neighborhood, this 2,007 Sq. Ft. home offers 3 bedrooms and 2 bathrooms, making it an ideal choice for families or groups visiting the area. Built in 1988, the property is valued at $275,000 and has been thoroughly evaluated by our experts. Key features include a spacious open concept dining room, a living room with a fireplace, and a master bedroom on the main level. Renovations are expected to be minimal, with an estimated cost of $4,500. Enjoy a strong projected cap rate of 5.5%, presenting a great opportunity for savvy rental investors.

With its competitive cap rate, potential for high rent growth, and strong 10-year return, it's an ideal property to add to your portfolio. The property's condition and features, coupled with its location in a desirable neighborhood and reputable school district, make it a compelling choice for rental investors. With the added assurance of no flood insurance requirement and a manageable renovation cost, this property promises a profitable venture for the discerning real estate investor.

Investment Financials

How much does the home cost?

$275,000  

‍How much will it earn in rent?

$2,050 per month

‍How much will it cost to renovate?

The estimated renovation cost for the property at 208 Benton Fields, Stockbridge, GA 30281 is $4,500. This estimate is specifically budgeted for major items that may need replacing due to the home being more than 15 years old.

How much cash can you take home in the first year?

The estimated cash flow for the first year is $358. This means that after accounting for operating income and operating expenses, you can expect to have a positive cash flow of $358 in the first year of owning the property.

‍What is the cap rate for this property?

The estimated cap rate for this property is 5.5%.

‍All of the cap rates and returns for this property are estimates and are not intended as a guarantee of income or returns. Every investment has risks. It's important to discuss any investment, returns, regulations, laws and projections with a financial advisor, attorney or another fiduciary.

Why People Rent In Stockbridge, Georgia

‍Where is Stockbridge, Georgia?

Stockbridge is a city located in Henry County, Georgia, United States. It is situated approximately 20 miles southeast of downtown Atlanta.

‍What companies are the major employers in and around Stockbridge, Georgia?

• Piedmont Henry Hospital: A large hospital and healthcare system that provides employment opportunities in the healthcare industry.
• Henry County Schools: The local school district, which employs a significant number of teachers, administrators, and staff members.
• Piedmont Henry Medical Center: Another healthcare facility that offers employment opportunities in the medical field.
• Walmart: The retail giant operates several stores in and around Stockbridge, providing jobs in the retail sector.
• Clayton State University: Although not located in Stockbridge itself, Clayton State University in nearby Morrow, Georgia, offers higher education opportunities and employs faculty and staff.
• Atlanta Distribution Center: A large distribution center located in the neighboring city of McDonough, which provides employment opportunities in logistics and warehousing.
• Chick-fil-A Support Center: The headquarters of the popular fast-food chain Chick-fil-A is located in nearby College Park, Georgia, offering employment in various corporate roles.

‍What are the demographics of Stockbridge, Georgia?

Stockbridge is a city located in Henry County, Georgia. As of 2023, the city has an estimated population of 29,472, making it the 35th largest city in Georgia and the 1330th largest city in the United States. The city has been growing at a rate of 0.53% annually and its population has increased by 1.59% since the 2020 census. Spread over an area of 13.7 square miles, the population density of Stockbridge is 2,156 people per square mile.

In terms of income, the average household in Stockbridge earns $73,445 annually. The city has a diverse racial composition with 65.14% of the population identifying as Black or African American, 21.45% as White, 8.67% as Asian, and smaller percentages for other races. The city has a total of 21,571 adults, out of which 2,946 are seniors.

Gender distribution in the city is skewed towards females, with females making up 57.82% of the population and males making up 42.18%. The majority of the population, 85.34%, speaks only English, while 14.66% speak other languages. The most commonly spoken non-English language is Asian and Pacific Island languages, spoken by 6.27% of the population.

The median age in Stockbridge is 35.7 years, with a median age of 30.9 for males and 36.9 for females. Unfortunately, due to technical issues, I was unable to retrieve the data on home ownership, poverty rate, and marriage rate.

What is the Niche neighborhood grade and school grade in Stockbridge, Georgia?

Stockbridge, Georgia, as per Niche, demonstrates a variety of grades in different categories. The public schools have been given a grade of C+, while housing is rated B-. The nightlife in the area has been given a B rating. The city is also considered good for families, earning a B+ in this category. One notable strength of Stockbridge is its diversity, which has been awarded an A. However, it's worth noting that information on crime and safety was not available at the time of the search.

When it comes to education, specifically Stockbridge Elementary School, the institution has been given an overall Niche grade of C+. It's important to note that this is just one school in Stockbridge, and the grade doesn't necessarily represent the overall quality of all schools in the area​.

What is the property tax rate in Stockbridge, Georgia?

The property tax rate, also known as the millage rate, in Stockbridge, Georgia, is 12.402 mills for 2023. This means that for every $1,000 of assessed property value, the tax due would be $12.402​.

How many rental listings and vacancies are in Stockbridge, Georgia?

At present, Stockbridge, Georgia has 121 rental properties available. While there isn't a precise rental vacancy rate currently available for Stockbridge, it's important to note that the larger Atlanta-Sandy Springs-Roswell metropolitan region, which includes Stockbridge, has a rental vacancy rate of 6.5%. However, this regional percentage might not accurately represent the vacancy situation specific to Stockbridge.

‍What's the average rent in Stockbridge, Georgia?

As of May 2023, the average monthly rent for a three-bedroom apartment in Stockbridge, Georgia is $1,848. Please note that rent prices can vary based on several factors such as the size of the unit, the number of bathrooms, and the specific location within Stockbridge​.

From Listing to Rental

1. Place an offer on this property: If you want help finding the best representation, simply submit your information by pressing "I'm Interested in this Property"
2. Close on the property: Closing on this property should be simple. An agent will help you review the contract and confirm that everything in the inspection report makes this a good deal.
3. Hire a property manager to manage your property: If you choose to use Property Management we can help you select the best service and get you a deal on management in the area.