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1065 Arborhill Lane Alpharetta, GA 30004

3 Beds 3 Baths 1,646 sqft Built 1995

$350,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $212.64
  • 4 Days on Market
  • MLS # : 6828266
  • Updated Date : 01/15/2021 at 12:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,646 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

IMMACULATE and PERFECTLY RENNOVATED, 3 bed, 2.5 bath home in popular Alpharetta neighborhood! Upgraded FIXTURES, GORGEOUS HARDWOODS, RENOVATED BATHROOMS, NEUTRAL PAINTS, and much more make this home a FANTASTIC FIND and ready for quick move in. The WHITE CABINET KITCHEN BOAST GRANITE COUNTERS AND STUNNING BACKSPLASH. 2Story GREAT ROOM Leads to DESIGNER KITCHEN w/WHITE CABINETS, GRANITE COUNTERS and SS APPLIANCES. THREE upstairs bedrooms, including a MSTR SUITE with a SPA-LIKE BATH. Fully fenced private backyard is perfect for entertaining with NEWLY STAINED DECK and

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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).
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 World’s Busiest Airport(Airports Council International, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Neighborhood: The Arbors at Henderson Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $113k426k

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

Neighborhood: The Arbors at Henderson Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9632646

* 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
Manning Oaks Elementary School Primary Regular 813 54 6
Hopewell Middle School Middle Regular 1,338 91 8
Alpharetta High School High Regular 2,061 123 9

Manning Oaks Elementary School

  • Education Level: Primary
  • # of students: 813
  • # of teachers: 54
6
GreatSchools Rating

Hopewell Middle School

  • Education Level: Middle
  • # of students: 1,338
  • # of teachers: 91
8
GreatSchools Rating

Alpharetta High School

  • Education Level: High
  • # of students: 2,061
  • # of teachers: 123
9
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,216
Property Tax -$277
Property Insurance -$59
HOA -$42
Property Management Fees -$119
CASH FLOW
$57

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.

$350,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.51%

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

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$22,189

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,765

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,7003$1,7704$1,7755$1,950
$1,950
RENT COMPS ANALYSIS
  • 1065 Arborhill Lane Alpharetta, GA 3
    • 3 beds 3 baths ∙ 1,646 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,646 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $1.08
    •  
  • 13074 Region Trace Alpharetta, GA 1
    • 3 beds 3 baths ∙ 1,370 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,370 Sqft ∙ Built 2002
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.09
    •  
  • 230 Blue Heron Lane Alpharetta, GA 2
    • 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1993
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.11
    •  
  • 1410 Millstone Drive Alpharetta, GA 4
    • 3 beds 3 baths ∙ 1,762 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,762 Sqft ∙ Built 1992
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.01
    •  
  • 12115 Bluejay Terrace Alpharetta, GA 5
    • 3 beds 3 baths ∙ 1,813 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,813 Sqft ∙ Built 1991
    LEASED 07/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.08
    •  
PROPERTY LISTING DETAILS
Leah Wheeler
1.404.452.2750
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6828266
Last Updated: 01/15/2021
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. © 2017 First Multiple Listing Service, Inc.

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