Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

12112 Walnut Terrace Alpharetta, GA 30004

4 Beds 3 Baths 2,890 sqft Built 2005

$464,900

List Price

$2,790

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $113k447k

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

Zip Code: 30004

ZipNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9732843

* 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
Sweet Apple Elementary School Primary Regular 704 48 9
Elkins Pointe Middle School Middle Regular 1,125 88 6
Milton High School High Regular 2,021 110 8

Sweet Apple Elementary School

  • Education Level: Primary
  • # of students: 704
  • # of teachers: 48
9
GreatSchools Rating

Elkins Pointe Middle School

  • Education Level: Middle
  • # of students: 1,125
  • # of teachers: 88
6
GreatSchools Rating

Milton High School

  • Education Level: High
  • # of students: 2,021
  • # of teachers: 110
8
GreatSchools Rating
 

$418,410$511,390$464,900

PURCHASE PRICE

$2,511$3,069$2,790

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,949

INVESTMENT

$128,949

Down Payment
$116,225
Rehab Estimate
$5,750
Closing Costs
$6,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,715

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,225
Loan Amount $348,675
See What Happens When You Reinvest Cash Flow

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
$2,595
1$2,5952$2,7503$2,7904$3,0005$3,350
$3,350
RENT COMPS ANALYSIS
  • 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
    •  
  • 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
    •  
  • 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
Joseph Elkourie
1.770.313.1248
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6810367
Last Updated: 11/20/2020
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.

BESbswy