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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $160.87
- 4 Days on Market
- MLS # : 6810367
- Updated Date : 11/20/2020 at 18:02
CONSTRUCTION
- Beds : 4
- Floor Size : 2,890 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
This elegant Craftsman home minutes from downtown Alpharetta and Avalon is simply perfect! High-end features include a chef’s delight style kitchen with granite, stainless steel appliances, and coffered ceilings. The main level has NEW gleaming hardwood floors, a wine tasting room/office, custom built-in cabinets that perfectly accents the romantic stone fireplace, designer paint, and a lot of natural light. The large Master Suite has French doors leading to a private outdoor deck, his and hers closets, double vanities, separate jetted tub and shower.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 30004
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30004
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,790 |
| EXPENSES | Loan Payment | -$1,715 |
| Property Tax | -$451 | |
| Property Insurance | -$83 | |
| HOA | -$189 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$233
|
||
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.
$464,900
PROJECTED PRICE
$2,790
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 5.5% |
| 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
$128,949
LOAN DETAILS
$1,715
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $116,225 |
| Loan Amount | $348,675 |
7.25
YEARS SAVED
$47,899
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,790
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$2,839
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
12112 Walnut Terrace Alpharetta, GA 3
- 4 beds 3 baths ∙ 2,890 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,890 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $2,790
- $0.97
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12178 Limeridge Court Alpharetta, GA 1
- 4 beds 4 baths ∙ 2,850 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,850 Sqft ∙ Built 2006
LEASED 07/29/20- Rent
- Rent Per SQFT
- $2,595
- $0.91
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710 Wilde Rose Court Roswell, GA 2
- 5 beds 4 baths ∙ 3,100 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,100 Sqft ∙ Built 1998
LEASED 08/06/19- Rent
- Rent Per SQFT
- $2,750
- $0.89
-
12183 Limeridge Court Milton, GA 4
- 4 beds 4 baths ∙ 2,823 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,823 Sqft ∙ Built 2005
LEASED 08/22/19- Rent
- Rent Per SQFT
- $3,000
- $1.06
-
1018 Applegate Drive Roswell, GA 5
- 5 beds 4 baths ∙ 3,120 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,120 Sqft ∙ Built 2016
LEASED 09/21/20- Rent
- Rent Per SQFT
- $3,350
- $1.07
PROPERTY LISTING DETAILS
1.770.313.1248
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6810367
Last Updated: 11/20/2020
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.
