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10415 Ash Rill Drive Alpharetta, GA 30022

4 Beds 4 Baths 1,524 sqft Built 1984

$314,800

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $206.56
  • 1 Days on Market
  • MLS # : 6847039
  • Updated Date : 02/28/2021 at 00:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,524 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

LOCATION, LOCATION, LOCATION--- Newly Renovated Single Family Home offers 4 bedrooms & 3.5 baths in Alpharetta. Great Family Room next to Kitchen. Fully finished basement with Bar for party and entertaining. Great Home for 1st time Home Buyers & Great Rental Home for Landlords. MOVING IN CONDITION (NEW PAINT & NEW CARPET). NO HOA FEE. MUST COME & SEE. Easy Access to 400. Very closed to All Restaurants, Schools, Shopping Centers, North Point Mall & All Attractions.

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)
  • 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)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Berkshire Manor

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $113k426k

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

Neighborhood: Berkshire Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9392646

* 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
Northwood Elementary School Primary Regular 743 49 8
Haynes Bridge Middle School Middle Regular 742 61 6
Centennial High School High Regular 1,847 123 7

Northwood Elementary School

  • Education Level: Primary
  • # of students: 743
  • # of teachers: 49
8
GreatSchools Rating

Haynes Bridge Middle School

  • Education Level: Middle
  • # of students: 742
  • # of teachers: 61
6
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 1,847
  • # of teachers: 123
7
GreatSchools Rating
 

$283,320$346,280$314,800

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,093
Property Tax -$292
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
$149

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.

$314,800

PROJECTED PRICE

$1,710

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 9.0%
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

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$89,172

INVESTMENT

$89,172

Down Payment
$78,700
Rehab Estimate
$5,750
Closing Costs
$4,722

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,093

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,700
Loan Amount $236,100
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$28,670

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,764

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7003$1,7104$1,7505$1,895
$1,895
RENT COMPS ANALYSIS
  • 10415 Ash Rill Drive Alpharetta, GA 3
    • 4 beds 4 baths ∙ 1,524 Sqft ∙ Built 1984 4 beds 4 baths ∙ 1,524 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $1.12
    •  
  • 10405 Ash Rill Drive Alpharetta, GA 1
    • 3 beds 3 baths ∙ 1,396 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,396 Sqft ∙ Built 1984
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.18
    •  
  • 10390 Rillridge Court Alpharetta, GA 2
    • 3 beds 3 baths ∙ 1,396 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,396 Sqft ∙ Built 1981
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.22
    •  
  • 305 Birch Rill Drive Alpharetta, GA 4
    • 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1980
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.05
    •  
  • 10310 Virginia Pine Lane Johns Creek, GA 5
    • 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 1986
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.18
    •  
PROPERTY LISTING DETAILS
Eric Huang
1.678.614.9993
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6847039
Last Updated: 02/28/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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