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100 Canter Court Roswell, GA 30076

4 Beds 3 Baths 1,989 sqft Built 1976

$405,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $203.62
  • 5 Days on Market
  • MLS # : 6807518
  • Updated Date : 11/12/2020 at 17:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,989 sqft
  • Baths : 3 full
Listing Agent's Description

Oh the possibilities... with this 4 sided brick Ranch on full basement in coveted Saddle Creek Subdivision. This vast 4/3 traditional gives you all the possibilities to make it your own with Formal Living Room & Dining Room, Family Room with brick fireplace and wood beams gives just the right amount of character. Nice size Kitchen with cabinets galore features Breakfast Area and Breakfast Bar if you choose. The Sunroom off the Family Room is bright and inviting, perfect for basking in the beauty and ambiance of all the seasons. Spacious Master suite with sizable Master

SEE MORE

MARKET HIGHLIGHTS

  • Atlanta metro's economy is worth $403 billion in Gross Metro Product and projected to grow to $426 billion in 2019 (USMayors.org, 2018)
  • Headquarters to twenty-six Fortune 500 companies: The Home Depot, UPS, Delta Air Lines, The Coca-Cola Company, SunTrust Banks, The Southern Company, AGCO, PulteGroup (Fortune, 2018/ Metro Atlanta Chamber)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 2018)
  • Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
  • #1 World’s Busiest Airport(Airports Council International, 2018)

PRICE & RENT TRENDS

Neighborhood: Saddle Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $113k407k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Saddle Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100220023002400Rent in $9732417

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Sweet Apple Elementary School Primary Regular 704 48 9
Elkins Pointe Middle School Middle Regular 1,125 88 6
Milton High School High Regular 2,021 110 8

Sweet Apple Elementary School

  • Education Level: Primary
  • # of students: 704
  • # of teachers: 48
9
GreatSchools Rating

Elkins Pointe Middle School

  • Education Level: Middle
  • # of students: 1,125
  • # of teachers: 88
6
GreatSchools Rating

Milton High School

  • Education Level: High
  • # of students: 2,021
  • # of teachers: 110
8
GreatSchools Rating
 

$364,500$445,500$405,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,494
Property Tax -$320
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
-$39

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$405,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$22,320

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,960

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,059

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9603$2,0004$2,1505$2,500
$2,500
RENT COMPS ANALYSIS
  • 100 Canter Court Roswell, GA 2
    • 4 beds 3 baths ∙ 1,989 Sqft ∙ Built 1976 4 beds 3 baths ∙ 1,989 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.99
    •  
  • 410 Barkshire Lane Roswell, GA 1
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1978
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.00
    •  
  • 465 Saddle Lake Drive Roswell, GA 3
    • 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1979
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.08
    •  
  • 545 Camber Woods Drive Roswell, GA 4
    • 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 1994
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.98
    •  
  • 1080 Hidden Pond Lane Roswell, GA 5
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1995
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.08
    •  
PROPERTY LISTING DETAILS
Carla R Robinson
1.678.431.0927
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6807518
Last Updated: 11/12/2020
support@investimateroi.com

Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. © 2017 First Multiple Listing Service, Inc.

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