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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $170.18
- 3 Days on Market
- MLS # : 6813301
- Updated Date : 11/28/2020 at 13:47
CONSTRUCTION
- Beds : 4
- Floor Size : 1,992 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Amazing top to bottom renovation in highly desirable Roswell. Just minutes from shopping, restaurants, this home has all the charm and curb appeal you desire. Full interior renovation includes an amazing kitchen with new stainless steel appliances, new cabinets, quartz countertops & island with subway tile backsplash. Large family room with tons of natural light, fireplace and luxury vinyl plank flooring. Master bedroom upstairs with full bathroom renovation, amazing details and spacious closet. Secondary bedrooms feature new carpet and walk-in closets. Unfinished
SEE MORE
- 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 has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- #1 Moving Destination in the Nation (Penske, 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)
- As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 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)
PRICE & RENT TRENDS
Neighborhood: Barrington
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Barrington
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,840 |
| EXPENSES | Loan Payment | -$1,251 |
| Property Tax | -$276 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$128
|
||
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.
$339,000
PROJECTED PRICE
$1,840
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 6.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$95,585
LOAN DETAILS
$1,251
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $84,750 |
| Loan Amount | $254,250 |
7.17
YEARS SAVED
$34,101
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,840
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,892
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
300 Barrington Drive E Roswell, GA 2
- 3 beds 3 baths ∙ 1,992 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,992 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $1,840
- $0.92
-
155 Barrington Drive Roswell, GA 1
- 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1978
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,820
- $0.96
-
805 Crab Orchard Court Roswell, GA 3
- 3 beds 3 baths ∙ 1,824 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,824 Sqft ∙ Built 1984
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,875
- $1.03
-
460 Barrington Drive W Roswell, GA 4
- 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 1978
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,925
- $0.92
-
350 Ivy Mill Court Roswell, GA 5
- 4 beds 3 baths ∙ 2,164 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,164 Sqft ∙ Built 1978
LEASED 09/21/20- Rent
- Rent Per SQFT
- $1,930
- $0.89
PROPERTY LISTING DETAILS
1.770.241.9165
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6813301
Last Updated: 11/28/2020
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.
