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230 Natoma Court Johns Creek, GA 30022

4 Beds 3 Baths 2,308 sqft Built 1997

$409,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $177.21
  • 17 Days on Market
  • MLS # : 6811606
  • Updated Date : 12/05/2020 at 06:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,308 sqft
  • Baths : 3 full
Listing Agent's Description

Beautiful Cul-De-Sac home with level driveway in sought after Johns Creek HS District. This home features 18 FT Ceilings in great room & 10 FT ceilings throughout. Large master bedroom and 3 secondary bedrooms with walk-in closets. Hardwoods throughout home. A bedroom with full bath on main! Spacious kitchen with large island. Private backyard. Fresh paint throughout. GREAT SCHOOLS! Johns Creek HS District!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Stratmore

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $113k426k

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

Neighborhood: Stratmore

NeighborhoodNIR 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
State Bridge Crossing Elementary School Primary Regular 825 47 7
Autrey Mill Middle School Middle Regular 1,385 93 9
Johns Creek High School High Regular 2,011 101 9

State Bridge Crossing Elementary School

  • Education Level: Primary
  • # of students: 825
  • # of teachers: 47
7
GreatSchools Rating

Autrey Mill Middle School

  • Education Level: Middle
  • # of students: 1,385
  • # of teachers: 93
9
GreatSchools Rating

Johns Creek High School

  • Education Level: High
  • # of students: 2,011
  • # of teachers: 101
9
GreatSchools Rating
 

$368,100$449,900$409,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,509
Property Tax -$373
Property Insurance -$72
HOA -$63
Property Management Fees -$119
CASH FLOW
-$95

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.

$409,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.4%
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-$5.0k$0.0$5.0k$10k$15k

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$114,135

INVESTMENT

$114,135

Down Payment
$102,250
Rehab Estimate
$5,750
Closing Costs
$6,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,509

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,250
Loan Amount $306,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$16,451

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,031

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9003$2,0404$2,2005$2,250
$2,250
RENT COMPS ANALYSIS
  • 230 Natoma Court Johns Creek, GA 3
    • 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.88
    •  
  • 9420 Coleherne Court Alpharetta, GA 1
    • 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1997
    property image
    LEASED 09/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.80
    •  
  • 4951 Whitewater Drive Peachtree Corners, GA 2
    • 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 1982 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 1982
    property image
    LEASED 08/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.94
    •  
  • 5079 Bridgeport Way Peachtree Corners, GA 4
    • 4 beds 4 baths ∙ 2,422 Sqft ∙ Built 1980 4 beds 4 baths ∙ 2,422 Sqft ∙ Built 1980
    property image
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
  • 9775 Knollcrest Boulevard Alpharetta, GA 5
    • 4 beds 3 baths ∙ 2,588 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,588 Sqft ∙ Built 1997
    property image
    LEASED 05/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.87
    •  
PROPERTY LISTING DETAILS
Amanda Cuccia Ortiz
1.404.808.5514
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6811606
Last Updated: 12/05/2020
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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