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1150 Pine Grove Pointe Drive Roswell, GA 30075

3 Beds 3 Baths 2,145 sqft Built 1978

$385,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $179.49
  • 5 Days on Market
  • MLS # : 6857691
  • Updated Date : 03/25/2021 at 15:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,145 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Nestled within the quiet Roswell neighborhood of Aspens, this delightful cottage with contemporary touches feels like a mountain retreat, yet is only minutes to Historic Roswell. The foyer spills into the expansive two-story family room with a cathedral ceiling, exposed trusses and a floor-to-ceiling stone fireplace flanked by two sets of French doors to the front deck. This vast room circles around into the casual dining area – tucked within a bay window – and into the sleek kitchen. Outfitted with rich wood cabinetry, stainless steel appliances, a decorative

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: The Aspens

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $113k394k

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

Neighborhood: The Aspens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100220023002400Rent in $9732417

* 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
Mountain Park Elementary School Primary Regular 855 58 10
Crabapple Middle School Middle Regular 950 69 7
Roswell High School High Regular 2,078 129 8

Mountain Park Elementary School

  • Education Level: Primary
  • # of students: 855
  • # of teachers: 58
10
GreatSchools Rating

Crabapple Middle School

  • Education Level: Middle
  • # of students: 950
  • # of teachers: 69
7
GreatSchools Rating

Roswell High School

  • Education Level: High
  • # of students: 2,078
  • # of teachers: 129
8
GreatSchools Rating
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,337
Property Tax -$304
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
$211

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.

$385,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.9%
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$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$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$38,708

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,081

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,0403$2,0504$2,1755$2,250
$2,250
RENT COMPS ANALYSIS
  • 1150 Pine Grove Pointe Drive Roswell, GA 2
    • 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.95
    •  
  • 3590 Garrards Crossing Roswell, GA 1
    • 3 beds 3 baths ∙ 2,004 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,004 Sqft ∙ Built 1981
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.90
    •  
  • 4862 Mcpherson Drive Ne Roswell, GA 3
    • 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1976
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.91
    •  
  • 4566 Mountain Creek Drive Ne Roswell, GA 4
    • 4 beds 3 baths ∙ 2,091 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,091 Sqft ∙ Built 1972
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $1.04
    •  
  • 4907 Laurel Spring Drive Ne Roswell, GA 5
    • 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 1984
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.03
    •  
PROPERTY LISTING DETAILS
Kyle Baumann
1.404.242.0994
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6857691
Last Updated: 03/25/2021
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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