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1045 Westwell Run Johns Creek, GA 30022

3 Beds 3 Baths 2,082 sqft Built 1993

$337,900

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 07, 2020 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $113k560k

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

Neighborhood: The Park at Breckenridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200Rent in $9733324

* 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
Barnwell Elementary School Primary Regular 799 51 7
Autrey Mill Middle School Middle Regular 1,385 93 9
Johns Creek High School High Regular 2,011 101 9

Barnwell Elementary School

  • Education Level: Primary
  • # of students: 799
  • # of teachers: 51
7
GreatSchools Rating

Autrey Mill Middle School

  • Education Level: Middle
  • # of students: 1,385
  • # of teachers: 93
9
GreatSchools Rating

Johns Creek High School

  • Education Level: High
  • # of students: 2,011
  • # of teachers: 101
9
GreatSchools Rating
 

$304,110$371,690$337,900

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
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$95,294

INVESTMENT

$95,294

Down Payment
$84,475
Rehab Estimate
$5,750
Closing Costs
$5,069

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,247

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,475
Loan Amount $253,425
See What Happens When You Reinvest Cash Flow

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
$1,975
1$1,9752$2,0503$2,0904$2,1955$2,200
$2,200
RENT COMPS ANALYSIS
  • 1045 Westwell Run Johns Creek, GA 3
    • 3 beds 3 baths ∙ 2,082 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,082 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $1.00
    •  
  • 965 Westwell Run Johns Creek, GA 1
    • 3 beds 3 baths ∙ 2,004 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,004 Sqft ∙ Built 1992
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.99
    •  
  • 640 Barston Lane Alpharetta, GA 2
    • 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1993
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.08
    •  
  • 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
Dan Mcauliffe
1.678.787.1866
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6816079
Last Updated: 12/08/2020
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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