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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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30004
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$103,800
LOAN DETAILS
$1,365
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $92,500 |
| Loan Amount | $277,500 |
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
-
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
1.678.884.7933
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6811997
Last Updated: 12/14/2020
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.
