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145 Bainbridge Roswell, GA 30076

4 Beds 3 Baths 1,609 sqft Built 1972

$313,900

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1972
  • Price/Sqft : $195.09
  • 4 Days on Market
  • MLS # : 6804930
  • Updated Date : 11/06/2020 at 11:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,609 sqft
  • Baths : 3 full
Listing Agent's Description

This 3 bedroom, 3 bathroom home is sure to catch your eye. The highly sought after open concept comes to life in this home. Gorgeous kitchen furnished with gorgeous white countertops, and stained cabinets. Sit by the fire in the living room and enjoy your gorgeous home sitting on a private lot.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Golden Gate Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $103k394k

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

Neighborhood: Golden Gate Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100220023002400Rent in $9732417

* 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
Mimosa Elementary School Primary Regular 1,106 91 4
Elkins Pointe Middle School Middle Regular 1,125 88 6
Roswell High School High Regular 2,078 129 8

Mimosa Elementary School

  • Education Level: Primary
  • # of students: 1,106
  • # of teachers: 91
4
GreatSchools Rating

Elkins Pointe Middle School

  • Education Level: Middle
  • # of students: 1,125
  • # of teachers: 88
6
GreatSchools Rating

Roswell High School

  • Education Level: High
  • # of students: 2,078
  • # of teachers: 129
8
GreatSchools Rating
 

$282,510$345,290$313,900

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,158
Property Tax -$248
Property Insurance -$58
Property Management Fees -$119
CASH FLOW
$316

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.

$313,900

PROJECTED PRICE

$1,900

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$88,934

INVESTMENT

$88,934

Down Payment
$78,475
Rehab Estimate
$5,750
Closing Costs
$4,709

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,158

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,475
Loan Amount $235,425
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$51,163

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $1,955

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9003$1,9494$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 145 Bainbridge Roswell, GA 2
    • 3 beds 3 baths ∙ 1,609 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,609 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.18
    •  
  • 10550 Worthington Hills Manor Roswell, GA 1
    • 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1979
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.15
    •  
  • 490 Rocky Creek Drive Roswell, GA 3
    • 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1964
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,949
    • $1.20
    •  
  • 1085 Tuxedo Drive Roswell, GA 4
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1973
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.31
    •  
  • 995 Melody Lane Roswell, GA 5
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1965
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.20
    •  
PROPERTY LISTING DETAILS
Michelle Sanders
1.678.884.7933
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6804930
Last Updated: 11/06/2020
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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