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235 Westbury Lane Johns Creek, GA 30005

4 Beds 3 Baths 2,826 sqft Built 1999

$475,000

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $168.08
  • 4 Days on Market
  • MLS # : 6822011
  • Updated Date : 01/01/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,826 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautiful home on a corner lot! Enjoy the 2 story foyer w/ grand staircase, natural light, & open concept. Ktchn features walk up bar & counter seating, while overlooking breakfast rm & family rm w/cozy stone fireplace. Move into the formal dining rm with butlers pantry. Flex rm used as a home office. Open the french doors to a larege outdoor living space w/ expansive fenced in back yard. Upstairs features large master w/ spa like en suite, 3 large secondary bedrooms w/ shared bath and a great bonus rm. Fantastic active community! Close to schools and shopping!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Westbury

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $113k443k

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

Neighborhood: Westbury

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
Abbotts Hill Elementary School Primary Regular 723 44 8
Taylor Road Middle School Middle Regular 1,043 74 8
Chattahoochee High School High Regular 1,879 102 9

Abbotts Hill Elementary School

  • Education Level: Primary
  • # of students: 723
  • # of teachers: 44
8
GreatSchools Rating

Taylor Road Middle School

  • Education Level: Middle
  • # of students: 1,043
  • # of teachers: 74
8
GreatSchools Rating

Chattahoochee High School

  • Education Level: High
  • # of students: 1,879
  • # of teachers: 102
9
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$1,753
Property Tax -$488
Property Insurance -$82
HOA -$61
Property Management Fees -$119
CASH FLOW
$27

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.

$475,000

PROJECTED PRICE

$2,530

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.3%
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$25k

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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$29,734

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,261

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,2003$2,2504$2,4005$2,530
$2,530
RENT COMPS ANALYSIS
  • 235 Westbury Lane Johns Creek, GA 5
    • 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $0.90
    •  
  • 150 Overlake Court Alpharetta, GA 1
    • 5 beds 3 baths ∙ 2,628 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,628 Sqft ∙ Built 1991
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.72
    •  
  • 5660 Oxborough Way Johns Creek, GA 2
    • 4 beds 3 baths ∙ 2,681 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,681 Sqft ∙ Built 1998
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 195 Overlake Court Alpharetta, GA 3
    • 4 beds 3 baths ∙ 2,710 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,710 Sqft ∙ Built 1989
    property image
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.83
    •  
  • 4945 Weathervane Drive Alpharetta, GA 4
    • 5 beds 4 baths ∙ 2,908 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,908 Sqft ∙ Built 2006
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.83
    •  
PROPERTY LISTING DETAILS
Brooke Liley
1.770.315.4882
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6822011
Last Updated: 01/01/2021
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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