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1460 Ridgefield Drive Roswell, GA 30075

3 Beds 3 Baths 2,386 sqft Built 1978

$425,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $178.12
  • 3 Days on Market
  • MLS # : 6813224
  • Updated Date : 11/28/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,386 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Contemporary Farmhouse in popular Northpoint minutes from downtown historic Roswell. Don't miss this one level living open concept ranch abundant with brick and beams! Floors replaced with tile that looks like wood for easy care. Kitchen updated with granite countertops. See through fireplace separates den and living room. Glass lets in view of back yard trees. Great family home with bedrooms on one end. Wonderful floor plan for easy living and entertaining. Large spacious flat front yard offers privacy. Screened in porch overlooking private

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: North Point

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $113k560k

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

Neighborhood: North Point

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
Roswell North Elementary School Primary Regular 1,020 65 7
Crabapple Middle School Middle Regular 950 69 7
Roswell High School High Regular 2,078 129 8

Roswell North Elementary School

  • Education Level: Primary
  • # of students: 1,020
  • # of teachers: 65
7
GreatSchools Rating

Crabapple Middle School

  • Education Level: Middle
  • # of students: 950
  • # of teachers: 69
7
GreatSchools Rating

Roswell High School

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

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

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,568
Property Tax -$336
Property Insurance -$73
Property Management Fees -$119
CASH FLOW
-$96

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

$2,000

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.18%
Appreciation Year (1-5) 5.9%
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

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

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 50% 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

4

YEARS SAVED

$18,794

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,147

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,930
1$1,9302$2,0003$2,0504$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 1460 Ridgefield Drive Roswell, GA 2
    • 3 beds 3 baths ∙ 2,386 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,386 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.84
    •  
  • 1250 Ridgefield Drive Roswell, GA 1
    • 4 beds 2 baths ∙ 2,219 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,219 Sqft ∙ Built 1972
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.87
    •  
  • 4862 Mcpherson Drive Ne Roswell, GA 3
    • 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1976
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.91
    •  
  • 9775 Hightower Road Roswell, GA 4
    • 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1985
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.90
    •  
  • 1690 Ridgefield Drive Roswell, GA 5
    • 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1977
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.92
    •  
PROPERTY LISTING DETAILS
Claire Tully
1.770.235.2142
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6813224
Last Updated: 11/28/2020
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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