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2060 Bridle Ridge Trace Roswell, GA 30075

5 Beds 3 Baths 2,668 sqft Built 1986

$419,900

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $157.38
  • 5 Days on Market
  • MLS # : 6802511
  • Updated Date : 10/31/2020 at 08:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,668 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Welcome Home! This charming 5 bed, 2.5 bath home, located in the Highland Colony Swim/Tennis Community, features a large family room with cozy fireplace, updated country kitchen with breakfast nook, walk-in pantry, gas stove and stainless appliances, granite countertops, hardwoods throughout, formal dining room, formal living room/office, 1/2 bath and laundry room on main!

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: Highland Colony

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $113k560k

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

Neighborhood: Highland Colony

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
Mountain Park Elementary School Primary Regular 855 58 10
Crabapple Middle School Middle Regular 950 69 7
Roswell High School High Regular 2,078 129 8

Mountain Park Elementary School

  • Education Level: Primary
  • # of students: 855
  • # of teachers: 58
10
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
 

$377,910$461,890$419,900

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,549
Property Tax -$347
Property Insurance -$79
HOA -$53
Property Management Fees -$119
CASH FLOW
$2

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.

$419,900

PROJECTED PRICE

$2,150

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.18%
Appreciation Year (1-5) 3.6%
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$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$117,024

INVESTMENT

$117,024

Down Payment
$104,975
Rehab Estimate
$5,750
Closing Costs
$6,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,549

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,975
Loan Amount $314,925
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$25,564

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,301

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1503$2,2004$2,2505$2,700
$2,700
RENT COMPS ANALYSIS
  • 2060 Bridle Ridge Trace Roswell, GA 2
    • 5 beds 3 baths ∙ 2,668 Sqft ∙ Built 1986 5 beds 3 baths ∙ 2,668 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.81
    •  
  • 4442 Old Mabry Place Ne Roswell, GA 1
    • 4 beds 4 baths ∙ 2,716 Sqft ∙ Built 1976 4 beds 4 baths ∙ 2,716 Sqft ∙ Built 1976
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.73
    •  
  • 4614 Blakedale Circle Ne Roswell, GA 3
    • 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1988
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.86
    •  
  • 4307 Rocky Glen Ne Roswell, GA 4
    • 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 1987
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.88
    •  
  • 11115 Willow Wood Drive Roswell, GA 5
    • 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 1977
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.98
    •  
PROPERTY LISTING DETAILS
Benjamin Eckles
1.404.989.0220
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6802511
Last Updated: 10/31/2020
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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