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13375 Avensong Ives Way Alpharetta, GA 30004

3 Beds 3 Baths 1,768 sqft Built 1997

$302,500

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $171.10
  • 8 Days on Market
  • MLS # : 6838560
  • Updated Date : 02/20/2021 at 15:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,768 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

An exciting opportunity to own in Avensong in the desirable Cambridge High School District. This private 3 bedroom/2.5 bathroom home offers a large fenced back yard. Cozy family room with gas fireplace, open concept living, kitchen, and dining rooms. Upstairs are 3 bedrooms and conveniently located laundry room. The Master Bedroom has lots of windows and walk-in closet. The 2 additional bedrooms have plenty of space and share a full bathroom. Please come quickly to visit this well maintained home with newer roof, HVAC, and hot water heater. This home will sell FAST!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Avensong

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $113k426k

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

Neighborhood: Avensong

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $8672646

* 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 Regular 1,785 93 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: 1,785
  • # of teachers: 93
NA
GreatSchools Rating
 

$272,250$332,750$302,500

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,051
Property Tax -$268
Property Insurance -$61
HOA -$47
Property Management Fees -$119
CASH FLOW
$385

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.

$302,500

PROJECTED PRICE

$1,930

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 8.9%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,913

INVESTMENT

$85,913

Down Payment
$75,625
Rehab Estimate
$5,750
Closing Costs
$4,538

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,051

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,625
Loan Amount $226,875
See What Happens When You Reinvest Cash Flow

11.33

YEARS SAVED

$52,178

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,927

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8503$1,9304$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 13375 Avensong Ives Way Alpharetta, GA 3
    • 3 beds 3 baths ∙ 1,768 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,768 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $1.09
    •  
  • 13326 Aventide Lane Alpharetta, GA 1
    • 3 beds 3 baths ∙ 1,696 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,696 Sqft ∙ Built 1997
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.03
    •  
  • 3291 Serenade Ct. Alpharetta, GA 2
    • 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1996
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.16
    •  
  • 3251 Serenade Court Alpharetta, GA 4
    • 3 beds 3 baths ∙ 1,768 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,768 Sqft ∙ Built 1996
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.10
    •  
  • 3341 Serenade Court Milton, GA 5
    • 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 1998
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.07
    •  
PROPERTY LISTING DETAILS
Danielle Comparini
1.404.514.5293
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6838560
Last Updated: 02/20/2021
support@investimateroi.com

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