Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2745 Lakewind Court Alpharetta, GA 30005

4 Beds 4 Baths 2,852 sqft Built 1987

$469,900

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $164.76
  • 3 Days on Market
  • MLS # : 6805851
  • Updated Date : 11/07/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,852 sqft
  • Baths : 2 full , 2 half
Listing Agent's Description

Delightful home nestled on a large lot with beautiful trees and a private back yard. This home features an open floor plan with soaring ceilings, new hardwood flooring, new carpet, new thermal pane windows, new exterior and interior paint throughout, new lighting, plantation shutters and new stone front porch. The kitchen has a wall of windows, white cabinetry and hardwoods. The master suite on the main has a large sitting room and an updated bathroom with new quartz counters, glass shower doors and updated custom closet.

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: Southlake Woods

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $113k560k

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

Neighborhood: Southlake Woods

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
Lake Windward Elementary School Primary Regular 690 56 10
Webb Bridge Middle School Middle Regular 1,391 92 9
Alpharetta High School High Regular 2,061 123 9

Lake Windward Elementary School

  • Education Level: Primary
  • # of students: 690
  • # of teachers: 56
10
GreatSchools Rating

Webb Bridge Middle School

  • Education Level: Middle
  • # of students: 1,391
  • # of teachers: 92
9
GreatSchools Rating

Alpharetta High School

  • Education Level: High
  • # of students: 2,061
  • # of teachers: 123
9
GreatSchools Rating
 

$422,910$516,890$469,900

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$1,734
Property Tax -$371
Property Insurance -$82
HOA -$104
Property Management Fees -$119
CASH FLOW
$130

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.

$469,900

PROJECTED PRICE

$2,540

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.18%
Appreciation Year (1-5) 4.3%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$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$130,274

INVESTMENT

$130,274

Down Payment
$117,475
Rehab Estimate
$5,750
Closing Costs
$7,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,475
Loan Amount $352,425
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$40,137

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,560

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,299
1$2,2992$2,4003$2,5404$2,7005$3,000
$3,000
RENT COMPS ANALYSIS
  • 2745 Lakewind Court Alpharetta, GA 3
    • 4 beds 4 baths ∙ 2,852 Sqft ∙ Built 1987 4 beds 4 baths ∙ 2,852 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $0.89
    •  
  • 6181 Water Lilly Drive Alpharetta, GA 1
    • 3 beds 2 baths ∙ 2,629 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,629 Sqft ∙ Built 1989
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,299
    • $0.87
    •  
  • 4050 Breckenridge Court Alpharetta, GA 2
    • 5 beds 3 baths ∙ 2,874 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,874 Sqft ∙ Built 1998
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.84
    •  
  • 545 Stonebury Drive Alpharetta, GA 4
    • 5 beds 4 baths ∙ 3,052 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,052 Sqft ∙ Built 2004
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.88
    •  
  • 5145 Harbour Ridge Drive Alpharetta, GA 5
    • 5 beds 4 baths ∙ 3,000 Sqft ∙ Built 1993 5 beds 4 baths ∙ 3,000 Sqft ∙ Built 1993
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.00
    •  
PROPERTY LISTING DETAILS
Rhonda Shell
1.678.576.1914
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6805851
Last Updated: 11/07/2020
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.

BESbswy