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134 Brindle Lane Alpharetta, GA 30009

4 Beds 4 Baths 2,603 sqft Built 2015

$444,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $170.57
  • 6 Days on Market
  • MLS # : 6807039
  • Updated Date : 11/14/2020 at 09:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,603 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

A DESIGNER's GEM just 1 mile from downtown Alpharetta! This immaculate 5-year-old townhome will impress you with top-of-the-line UPGRADES like hand-scraped HARDWOOD FLOORS, glam light fixtures, coffered tray ceilings, accent walls, and sleek hardware throughout. WHITE Kitchen boasts a HUGE ISLAND, lovely granite, subway tile, custom glass cabinet doors, stainless steel appliances, and a 5-burner gas stove. In this unit, even a walk-in pantry impresses with a custom wood and glass door. Kitchen & Family Room are filled with light streaming in through 3 windows.

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

Zip Code: 30009

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $113k426k

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

Zip Code: 30009

ZipNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9732646

* 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
Alpharetta Elementary School Primary Regular 575 50 8
Hopewell Middle School Middle Regular 1,338 91 8
Cambridge High School High Regular 1,785 93 NA

Alpharetta Elementary School

  • Education Level: Primary
  • # of students: 575
  • # of teachers: 50
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
 

$399,600$488,400$444,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,638
Property Tax -$351
Property Insurance -$77
HOA -$255
Property Management Fees -$119
CASH FLOW
-$41

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.

$444,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 8.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$123,410

INVESTMENT

$123,410

Down Payment
$111,000
Rehab Estimate
$5,750
Closing Costs
$6,660

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,638

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $111,000
Loan Amount $333,000
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$20,877

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,395

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,4003$2,4004$2,5505$2,600
$2,600
RENT COMPS ANALYSIS
  • 134 Brindle Lane Alpharetta, GA 3
    • 4 beds 4 baths ∙ 2,603 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,603 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.92
    •  
  • 4005 Weatherford Circle Alpharetta, GA 1
    • 4 beds 3 baths ∙ 2,434 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,434 Sqft ∙ Built 1997
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.80
    •  
  • 260 Water Oak Place Alpharetta, GA 2
    • 4 beds 4 baths ∙ 2,748 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,748 Sqft ∙ Built 2007
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.87
    •  
  • 3030 Winston Terrace Court Alpharetta, GA 4
    • 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 1997
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.05
    •  
  • 940 Southfield Lane Milton, GA 5
    • 5 beds 3 baths ∙ 2,711 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,711 Sqft ∙ Built 2001
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.96
    •  
PROPERTY LISTING DETAILS
Kate Puckhaber
1.404.654.3603
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6807039
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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