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280 Sequoyah Drive Alpharetta, GA 30004

3 Beds 3 Baths 1,650 sqft Built 1982

$290,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1982
  • Price/Sqft : $175.76
  • 6 Days on Market
  • MLS # : 6802389
  • Updated Date : 11/01/2020 at 11:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,650 sqft
  • Baths : 3 full
Listing Agent's Description

AMAZING ranch IN ALPHARETTA with 3 bedrooms. OVERSIZED MASTER BEDROOM and a second MASTER WITH FULL BATHROOM, WALK-IN CLOSETs, stunning renovations, NEW KITCHEN, new cabinets, NEW stainless steel appliances, backsplash, new hardwood floors, NEW GRANITE countertops in kitchen and bathrooms, new carpet, new engineered wood floor. BATHROOMS TOTALLY RENOVATED, new HVAC, new toilets, new windows, new interior doors, new light fixtures new deck. NEW NEW NEW... THIS IS A GREAT CHOICE.

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: Sequoyah Woods

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $96k426k

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

Neighborhood: Sequoyah Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800100012001400160018002000220024002600Rent in $7202646

* 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
Free Home Elementary School Primary Regular 334 21 6
Creekland Middle School Middle Regular 1,399 80 7
Creekview High School High Regular 1,828 98 8

Free Home Elementary School

  • Education Level: Primary
  • # of students: 334
  • # of teachers: 21
6
GreatSchools Rating

Creekland Middle School

  • Education Level: Middle
  • # of students: 1,399
  • # of teachers: 80
7
GreatSchools Rating

Creekview High School

  • Education Level: High
  • # of students: 1,828
  • # of teachers: 98
8
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,070
Property Tax -$249
Property Insurance -$59
Property Management Fees -$119
CASH FLOW
$63

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.

$290,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$24,108

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,650

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,560
1$1,5602$1,895
$1,895
RENT COMPS ANALYSIS
  • 280 Sequoyah Drive Alpharetta, GA 1
    • 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.95
    •  
  • 6180 Ivey Hill Drive Cumming, GA 2
    • 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 1999
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.00
    •  
PROPERTY LISTING DETAILS
Carlos Giraldo Alvarez
1.678.410.5122
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6802389
Last Updated: 11/01/2020
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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