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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $176.57
- 5 Days on Market
- MLS # : 6813225
- Updated Date : 11/28/2020 at 12:06
CONSTRUCTION
- Beds : 4
- Floor Size : 1,976 sqft
- Baths : 2 full
Listing Agent's Description
Charming 3 sided Brick Ranch. As you enter this home you are welcomed by soaring ceilings, hardwood floors and a spacious open flr plan. 2 sided fireplace links Family rm to Living/Dining Rms. Updated Kitchen w/stained cabinets, granite ctops and island overlooks Family rm with high cathedral ceiling. A versatile floor plan accommodates a Home Office and a Mstr Suite w/sitting area or a 2nd huge walk-in closet. Well maintained house 2yr old Roof and HVAC System. Enjoy adding add'l fruit/herb plants to this huge beautiful rear yrd. Great School District. A MUST SEE!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Falcon Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Falcon Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,950 |
| EXPENSES | Loan Payment | -$1,287 |
| Property Tax | -$318 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$160
|
||
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.
$348,900
PROJECTED PRICE
$1,950
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 5.4% |
| 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
$98,209
LOAN DETAILS
$1,287
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,225 |
| Loan Amount | $261,675 |
7.42
YEARS SAVED
$37,435
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$2,060
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
11250 Amy Frances Lane Alpharetta, GA 2
- 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $1,950
- $0.99
-
11215 Bramshill Drive Alpharetta, GA 1
- 3 beds 3 baths ∙ 1,788 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,788 Sqft ∙ Built 1985
LEASED 04/17/20- Rent
- Rent Per SQFT
- $1,845
- $1.03
-
11150 Brookhollow Trail Alpharetta, GA 3
- 3 beds 3 baths ∙ 2,094 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,094 Sqft ∙ Built 1992
LEASED 05/23/20- Rent
- Rent Per SQFT
- $2,100
- $1.00
-
125 Brookhollow Trace Alpharetta, GA 4
- 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 1990
LEASED 06/13/20- Rent
- Rent Per SQFT
- $2,295
- $1.08
-
290 Saddle Bridge Drive Alpharetta, GA 5
- 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 1995
LEASED 10/24/20- Rent
- Rent Per SQFT
- $2,300
- $1.06
PROPERTY LISTING DETAILS
1.404.217.7735
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6813225
Last Updated: 11/28/2020
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.
