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

3065 Chadbourne Alpharetta, GA 30004

4 Beds 3 Baths 2,385 sqft Built 2001

$370,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $155.14
  • 29 Days on Market
  • MLS # : 6811997
  • Updated Date : 12/14/2020 at 10:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,385 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

If you've been searching for a home in Alpharetta then come and see this 4 bedroom and 2.5 bathroom brick beauty that is less than 1/2 mile away from a couple of highly-rated schools. The high ceilings and natural light will catch your eye as soon as you enter the home. The living room is cozy and you'll love the brick fireplace. Stainless steel appliances and a gas stovetop are just a few of the features in the kitchen. Bright windows are featured in the primary bathroom but the attached en suite bathroom is the star with its jetted tub and separate shower.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Zip Code: 30004

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $113k447k

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

Zip Code: 30004

ZipNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9732843

* 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
Brandywine Elementary School Primary Regular NA
Desana Middle School Middle Regular NA
Denmark High School High Unknown NA

Brandywine Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Desana Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Denmark High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$333,000$407,000$370,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,365
Property Tax -$305
Property Insurance -$73
HOA -$58
Property Management Fees -$119
CASH FLOW
$40

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.

$370,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.5%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$25,829

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,135

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,960
1$1,9602$1,9653$2,0504$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 3065 Chadbourne Alpharetta, GA 1
    • 4 beds 3 baths ∙ 2,385 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,385 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.82
    •  
  • 375 Grayson Way Alpharetta, GA 2
    • 3 beds 3 baths ∙ 2,080 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,080 Sqft ∙ Built 2004
    property image
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,965
    • $0.94
    •  
  • 3460 Archgate Court Alpharetta, GA 3
    • 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 2006
    property image
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.80
    •  
  • 3572 Archgate Court Alpharetta, GA 4
    • 5 beds 3 baths ∙ 2,420 Sqft ∙ Built 2011 5 beds 3 baths ∙ 2,420 Sqft ∙ Built 2011
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.87
    •  
  • 1505 Grand Junction Alpharetta, GA 5
    • 4 beds 3 baths ∙ 2,275 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,275 Sqft ∙ Built 1996
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.97
    •  
PROPERTY LISTING DETAILS
Michelle Sanders
1.678.884.7933
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6811997
Last Updated: 12/14/2020
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