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13357 Region Trace Alpharetta, GA 30004

3 Beds 3 Baths 2,069 sqft Built 2003

$390,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $188.50
  • 10 Days on Market
  • MLS # : 6836768
  • Updated Date : 02/13/2021 at 11:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,069 sqft
  • Baths : 3 full
Listing Agent's Description

Location location location! Welcome home to The Courts At Windward! This home has it all! Welcoming entry foyer, hardwoods thru the entire house, master on the main with addt. bed on the main. 2 full baths on the main. custom stack stone fireplace in the family room with custom bookshelf. Plantation shutters. Beautiful kitchen with white cabinets, granite counters, newer stainless steal appliances, and a beautiful brick floor. Separate sitting room off the kitchen. Large master with walk in closet, double sinks in bath with granite.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Windward Village West

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $113k560k

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

Neighborhood: Windward Village West

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
Cogburn Woods Elementary School Primary Regular 915 55 8
Hopewell Middle School Middle Regular 1,338 91 8
Cambridge High School High Unknown NA

Cogburn Woods Elementary School

  • Education Level: Primary
  • # of students: 915
  • # of teachers: 55
8
GreatSchools Rating

Hopewell Middle School

  • Education Level: Middle
  • # of students: 1,338
  • # of teachers: 91
8
GreatSchools Rating

Cambridge High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$351,000$429,000$390,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,355
Property Tax -$308
Property Insurance -$67
HOA -$135
Property Management Fees -$119
CASH FLOW
-$114

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.

$390,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.48%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,355

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$10,528

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,960

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,8703$1,9754$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 13357 Region Trace Alpharetta, GA 2
    • 3 beds 3 baths ∙ 2,069 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,069 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.90
    •  
  • 13306 Region Trace Milton, GA 1
    • 3 beds 3 baths ∙ 1,992 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,992 Sqft ∙ Built 2003
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.89
    •  
  • 265 Relais Trace Alpharetta, GA 3
    • 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1996
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.88
    •  
  • 415 Maisie Court Alpharetta, GA 4
    • 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 1995
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.03
    •  
  • 2237 Traywick Chase Alpharetta, GA 5
    • 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 1997
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.99
    •  
PROPERTY LISTING DETAILS
Matthew Thaxton
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6836768
Last Updated: 02/13/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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