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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $157.44
- 3 Days on Market
- MLS # : 6836173
- Updated Date : 02/20/2021 at 08:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,223 sqft
- Baths : 3 full
Listing Agent's Description
Perfect Location, Top Rated Johns Creek Schools! Beautiful 3 levels/stories home; Hardwood Floors in entire house, new roof, 2 new water heaters, new painting inside and outside. On Main level; Great Rm w/ Fireplace, dining room w/ slide door facing a huge deck, kitchen and 2 bedrooms with 1 remodeled full bathroom. Upstairs find a beautiful and large master bedroom w/ a walking closet and an updated bathroom. Don’t missed the finished basement w/ daylight and separate entrance w/ a kitchen, laundry, living room,2 bedrooms,1 full finished bathroom & a covered sunroom.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Long Indian Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Long Indian Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,070 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$338 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$327
|
||
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
$2,070
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 8.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| 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
$98,500
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
9.58
YEARS SAVED
$48,480
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,070
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$2,368
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
11025 Spotted Pony Trail Alpharetta, GA 1
- 5 beds 3 baths ∙ 2,223 Sqft ∙ Built 1987 5 beds 3 baths ∙ 2,223 Sqft ∙ Built 1987
![property image]()
- Rent
- Rent Per SQFT
- $2,070
- $0.93
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4680 Ogeechee Drive Alpharetta, GA 2
- 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 1991
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LEASED 04/15/20- Rent
- Rent Per SQFT
- $2,150
- $1.00
-
125 Brookhollow Trace Alpharetta, GA 3
- 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 1990
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LEASED 06/13/20- Rent
- Rent Per SQFT
- $2,295
- $1.08
-
290 Saddle Bridge Drive Alpharetta, GA 4
- 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 1995
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LEASED 10/24/20- Rent
- Rent Per SQFT
- $2,300
- $1.06
-
10730 Pinewalk Forest Circle Alpharetta, GA 5
- 4 beds 4 baths ∙ 2,234 Sqft ∙ Built 1993 4 beds 4 baths ∙ 2,234 Sqft ∙ Built 1993
![property image]()
LEASED 09/29/20- Rent
- Rent Per SQFT
- $2,500
- $1.12
PROPERTY LISTING DETAILS
1.630.470.0057
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6836173
Last Updated: 02/20/2021
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.
