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3245 Old Evergreen Way Johns Creek, GA 30022

4 Beds 4 Baths 2,290 sqft Built 1985

$385,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $168.12
  • 2 Days on Market
  • MLS # : 6802237
  • Updated Date : 11/02/2020 at 08:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,290 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Completely Remodeled Beauty in Johns Creek! NEW CONCRETE SIDING! NEW HVAC! NEW Decks on Back! NEW Gutters! Gorgeous NEW Bathrooms! NEW Flooring Throughout! Updated Kitchen with Stainless Steel Appliances! Finished Terrace Level with True Bedroom and attached full bath, plus Two Other Flex rooms! Private Cul-de-sac lot with No HOA! And so close to great shopping, great schools, beautiful parks, and wonderful medical care, too! Come see for yourself, and you won't be disappointed!

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: Newtown

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $113k560k

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

Neighborhood: Newtown

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
Northwood Elementary School Primary Regular 743 49 8
Haynes Bridge Middle School Middle Regular 742 61 6
Centennial High School High Regular 1,847 123 7

Northwood Elementary School

  • Education Level: Primary
  • # of students: 743
  • # of teachers: 49
8
GreatSchools Rating

Haynes Bridge Middle School

  • Education Level: Middle
  • # of students: 742
  • # of teachers: 61
6
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 1,847
  • # of teachers: 123
7
GreatSchools Rating
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,420
Property Tax -$351
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
-$52

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.

$385,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.18%
Appreciation Year (1-5) 6.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$19,091

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,198

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,910
1$1,9102$2,0753$2,1004$2,2005$2,250
$2,250
RENT COMPS ANALYSIS
  • 3245 Old Evergreen Way Johns Creek, GA 1
    • 4 beds 4 baths ∙ 2,290 Sqft ∙ Built 1985 4 beds 4 baths ∙ 2,290 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.83
    •  
  • 2610 Runic Way Alpharetta, GA 2
    • 4 beds 3 baths ∙ 2,245 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,245 Sqft ∙ Built 1984
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.92
    •  
  • 3425 Stillridge Drive Alpharetta, GA 3
    • 4 beds 3 baths ∙ 2,099 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,099 Sqft ∙ Built 1983
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.00
    •  
  • 10285 Timberstone Road Alpharetta, GA 4
    • 5 beds 4 baths ∙ 2,235 Sqft ∙ Built 1983 5 beds 4 baths ∙ 2,235 Sqft ∙ Built 1983
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.98
    •  
  • 10140 Lauren Hall Court Alpharetta, GA 5
    • 4 beds 3 baths ∙ 2,388 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,388 Sqft ∙ Built 1997
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.94
    •  
PROPERTY LISTING DETAILS
Robin Hall
1.678.457.1909
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6802237
Last Updated: 11/02/2020
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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