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120 Lakeview Ridge W Roswell, GA 30076

3 Beds 3 Baths 1,804 sqft Built 1976

$300,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1976
  • Price/Sqft : $166.30
  • 3 Days on Market
  • MLS # : 6805743
  • Updated Date : 11/07/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,804 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Come and enjoy all that Martins Landing has to over in this well-kept patio home in the Lakeview neighborhood! Pergo floors through the entire home. A bright and large 2-story great room greets you as you enter the home. Right off this room is a large eat-in kitchen with granite counters and plenty of storage and counter space. Ample room for a kitchen table and access to the backyard. The dining room flows easily from the kitchen.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • 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 employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Lakeview Patio Homes

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $113k394k

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

Neighborhood: Lakeview Patio Homes

ZipNIR 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
Esther Jackson Elementary School Primary Regular 596 50 5
Holcomb Bridge Middle School Middle Regular 835 67 5
Centennial High School High Regular 1,847 123 7

Esther Jackson Elementary School

  • Education Level: Primary
  • # of students: 596
  • # of teachers: 50
5
GreatSchools Rating

Holcomb Bridge Middle School

  • Education Level: Middle
  • # of students: 835
  • # of teachers: 67
5
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 1,847
  • # of teachers: 123
7
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,107
Property Tax -$263
Property Insurance -$62
HOA -$78
Property Management Fees -$119
CASH FLOW
$191

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.

$300,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.6%
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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

8

YEARS SAVED

$36,554

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,840

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8003$1,8204$1,8205$1,850
$1,850
RENT COMPS ANALYSIS
  • 120 Lakeview Ridge W Roswell, GA 4
    • 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 1976 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $1.01
    •  
  • 1150 Terramont Drive Roswell, GA 1
    • 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1978
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.10
    •  
  • 1090 Terramont Drive Roswell, GA 2
    • 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 1981
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.91
    •  
  • 440 Creekside Court Roswell, GA 3
    • 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1980
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $1.05
    •  
  • 520 Sailwind Drive Roswell, GA 5
    • 4 beds 3 baths ∙ 1,812 Sqft ∙ Built 1974 4 beds 3 baths ∙ 1,812 Sqft ∙ Built 1974
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.02
    •  
PROPERTY LISTING DETAILS
Roxie Hernandez
1.678.642.6204
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6805743
Last Updated: 11/07/2020
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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