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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $171.54
- 3 Days on Market
- MLS # : 6816883
- Updated Date : 12/12/2020 at 14:53
CONSTRUCTION
- Beds : 3
- Floor Size : 1,778 sqft
- Baths : 2 full
Listing Agent's Description
A ranch in Alpharetta and close to everything!! Wow, this won't last long at all. Perfect for a retiree downsizing, first time home buyer, or young family desiring the best schools, awesome floor plan, located in a cul-de-sac and short walk to the swim/tennis, and the perfect sized fenced in backyard! Brand new garage doors, new mailbox, new Champion Insulated windows, new smoke and carbon monoxide detectors, new ceiling fans and HSA Home Warranty in place! Disclosures attached to listing
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Concord Hall
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Concord Hall
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,790 |
| EXPENSES | Loan Payment | -$1,125 |
| Property Tax | -$300 | |
| Property Insurance | -$62 | |
| HOA | -$19 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$165
|
||
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.
$305,000
PROJECTED PRICE
$1,790
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 5.3% |
| 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
$86,575
LOAN DETAILS
$1,125
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $76,250 |
| Loan Amount | $228,750 |
7.58
YEARS SAVED
$34,582
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,790
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,791
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
12540 Cornish Court Alpharetta, GA 1
- 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1990
![property image]()
- Rent
- Rent Per SQFT
- $1,790
- $1.01
-
1435 Kingfield Drive Alpharetta, GA 2
- 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1990
![property image]()
LEASED 07/28/19- Rent
- Rent Per SQFT
- $1,800
- $1.01
-
12675 Concord Hall Drive Johns Creek, GA 3
- 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1989
![property image]()
LEASED 12/16/19- Rent
- Rent Per SQFT
- $1,800
- $1.01
-
525 Grovsner Terrace Johns Creek, GA 4
- 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1989
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,800
- $1.01
-
7045 Brassfield Drive Cumming, GA 5
- 4 beds 3 baths ∙ 2,091 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,091 Sqft ∙ Built 1997
![property image]()
LEASED 08/12/20- Rent
- Rent Per SQFT
- $2,100
- $1.00
PROPERTY LISTING DETAILS
1.678.918.1340
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6816883
Last Updated: 12/12/2020
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.
