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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $162.30
- 8 Days on Market
- MLS # : 6816079
- Updated Date : 12/08/2020 at 08:01
CONSTRUCTION
- Beds : 3
- Floor Size : 2,082 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
3Bdrm, 2.5Bath house in the highly coveted Swim/Tennis Breckenridge subdivision. You'll love the 2-Story Great Room along with the oversized laundry room that give you additional storage/pantry space. November 2020 additions - Roof, beautiful engineered hardwood floors throughout the 1st floor, the Luxury Vinyl Tile in the Laundry Room, Every Room has been painted, New Carpet on the stairs & throughout the 2nd Floor. Old, overgrown bushes have been removed in the front and both sides and new landscaping has been added. HVAC Unit has just been inspected and repaired.
SEE MORE
- 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)
- As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
- #1 Most affordable big city (WalletHub, 2018)
- 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)
PRICE & RENT TRENDS
Neighborhood: The Park at Breckenridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Park at Breckenridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,090 |
| EXPENSES | Loan Payment | -$1,247 |
| Property Tax | -$327 | |
| Property Insurance | -$67 | |
| HOA | -$44 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$286
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$337,900
PROJECTED PRICE
$2,090
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.18% |
| Appreciation Year (1-5) | 7.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.74% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$95,294
LOAN DETAILS
$1,247
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $84,475 |
| Loan Amount | $253,425 |
9.25
YEARS SAVED
$49,954
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,090
LIST RENT -
$1
LIST RENT PER SQFT
-
$2,238
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
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965 Westwell Run Johns Creek, GA 1
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LEASED 12/23/19- Rent
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- $1,975
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- Rent Per SQFT
- $2,050
- $1.08
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1040 Westwell Run Alpharetta, GA 4
- 4 beds 3 baths ∙ 1,976 Sqft ∙ Built 1992 4 beds 3 baths ∙ 1,976 Sqft ∙ Built 1992
LEASED 02/19/20- Rent
- Rent Per SQFT
- $2,195
- $1.11
-
380 Avebury Court Johns Creek, GA 5
- 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 1992
LEASED 11/15/20- Rent
- Rent Per SQFT
- $2,200
- $1.12
PROPERTY LISTING DETAILS
1.678.787.1866
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6816079
Last Updated: 12/08/2020
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.
