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1100 Kilmington Court Alpharetta, GA 30009

3 Beds 3 Baths 1,370 sqft Built 1999

$275,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $200.73
  • 2 Days on Market
  • MLS # : 6913903
  • Updated Date : 07/13/2021 at 15:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,370 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautiful, updated end unit townhome in the heart of Alpharetta! Located in desirable Briargate and walking distance to downtown Alpharetta, The Maxwell, and Wills Park! This gorgeous home features a bright white kitchen with granite countertops, stainless appliances. Light filled living room has gas fireplace and opens up to spacious kitchen and dining room perfect for entertaining. Upstairs you will find master suite and two additional bedrooms.

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)
  • #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).
  • #1 World’s Busiest Airport(Airports Council International, 2018)

PRICE & RENT TRENDS

Neighborhood: Briargate

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $93k426k

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

Neighborhood: Briargate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9732646

* 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
Northwestern Middle School Middle Regular 1,332 92 8
Milton High School High Regular 2,021 110 8

Manning Oaks Elementary School

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

Northwestern Middle School

  • Education Level: Middle
  • # of students: 1,332
  • # of teachers: 92
8
GreatSchools Rating

Milton High School

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

$247,500$302,500$275,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$955
Property Tax -$227
Property Insurance -$54
HOA -$145
Property Management Fees -$119
CASH FLOW
$130

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.

$275,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 8.1%
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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$23,094

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $1,623

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,630
1$1,6302$1,7003$1,8504$1,8505$2,000
$2,000
RENT COMPS ANALYSIS
  • 1100 Kilmington Court Alpharetta, GA 1
    • 3 beds 3 baths ∙ 1,370 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,370 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $1.19
    •  
  • 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
    •  
  • 121 Wills Lane Alpharetta, GA 3
    • 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1984
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.19
    •  
  • 440 Hembree Forest Circle Roswell, GA 4
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1981
    LEASED 03/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.13
    •  
  • 375 Foe Creek Drive Roswell, GA 5
    • 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1999
    LEASED 06/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.31
    •  
PROPERTY LISTING DETAILS
Penelope Weinhart
1.404.944.3400
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6913903
Last Updated: 07/13/2021
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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