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12575 Arbor North Drive Milton, GA 30004

3 Beds 2 Baths 2,159 sqft Built 1996

$425,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $196.85
  • 3 Days on Market
  • MLS # : 6808559
  • Updated Date : 11/14/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,159 sqft
  • Baths : 2 full
Listing Agent's Description

Welcome Home! Beautiful ranch in sought after Milton. Convenient to shopping, dining, parks, hospital, Avalon. Sought after Milton HS district. You will appreciate the short walk to Downtown Crabapple. Quick, easy access to 400. NEW roof and HVAC. Inside will not disappoint. As you waltz across the superlative hardwood flooring into the open concept living space and kitchen, you will gaze upon the majestic granite countertops, custom cabinets and cozy fireplace. This bright and sunshiny home is ideal for entertaining with exquisite moldings and detailed finishes

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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 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)

PRICE & RENT TRENDS

Neighborhood: Arbor North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $113k560k

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

Neighborhood: Arbor North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200Rent in $9733324

* 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
Crabapple Crossing Elementary School Primary Regular 786 46 9
Northwestern Middle School Middle Regular 1,332 92 8
Milton High School High Regular 2,021 110 8

Crabapple Crossing Elementary School

  • Education Level: Primary
  • # of students: 786
  • # of teachers: 46
9
GreatSchools Rating

Northwestern Middle School

  • Education Level: Middle
  • # of students: 1,332
  • # of teachers: 92
8
GreatSchools Rating

Milton High School

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

$382,500$467,500$425,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,568
Property Tax -$336
Property Insurance -$69
HOA -$21
Property Management Fees -$119
CASH FLOW
$27

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$425,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.18%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.74%
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

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$28,944

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,164

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,140
1$2,1402$2,1503$2,1754$2,2005$2,475
$2,475
RENT COMPS ANALYSIS
  • 12575 Arbor North Drive Milton, GA 1
    • 3 beds 2 baths ∙ 2,159 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,159 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.99
    •  
  • 545 Camber Woods Drive Roswell, GA 2
    • 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 1994
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.98
    •  
  • 12135 Wallace Woods Lane Alpharetta, GA 3
    • 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1989
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.91
    •  
  • 12650 Morningpark Circle Milton, GA 4
    • 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 2000
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.94
    •  
  • 585 Arbor North Way Milton, GA 5
    • 3 beds 2 baths ∙ 2,094 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,094 Sqft ∙ Built 1998
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $1.18
    •  
PROPERTY LISTING DETAILS
Rhonda Duffy
1.678.318.3613
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6808559
Last Updated: 11/14/2020
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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