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3395 Jones Ferry Lane Alpharetta, GA 30022

2 Beds 2 Baths 1,108 sqft Built 1994

$255,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

February 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $230.14
  • 8 Days on Market
  • MLS # : 6837695
  • Updated Date : 02/09/2021 at 08:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,108 sqft
  • Baths : 2 full
Listing Agent's Description

Adorable, classic ranch home on cul-de-sace in highly sought-after Johns Creek! This well-maintained home features a split bedroom plan and granite counter tops in kitchen. Soaring vaulted ceilings with gas fireplace in the Great Room. Open flow concept from Kitchen to Dining to Great Room make entertaining easy and fun. Serene screened-in patio off the kitchen leads to spacious, fenced in back yard. Newer roof, HVAC, water heater and furnace; close to Greenway & Newtown Park! Close proximity to dining & shopping. Beautiful front lawn's maintenance covered by HOA.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 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)
  • 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)

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
Dolvin Elementary School Primary Regular 878 52 9
Autrey Mill Middle School Middle Regular 1,385 93 9
Johns Creek High School High Regular 2,011 101 9

Dolvin Elementary School

  • Education Level: Primary
  • # of students: 878
  • # of teachers: 52
9
GreatSchools Rating

Autrey Mill Middle School

  • Education Level: Middle
  • # of students: 1,385
  • # of teachers: 93
9
GreatSchools Rating

Johns Creek High School

  • Education Level: High
  • # of students: 2,011
  • # of teachers: 101
9
GreatSchools Rating
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$886
Property Tax -$233
Property Insurance -$49
HOA -$55
Property Management Fees -$119
CASH FLOW
$269

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.

$255,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.63%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$886

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

10.08

YEARS SAVED

$37,556

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $1.45

    LIST RENT PER SQFT
  • $1,507

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$1,610
1$1,6102$1,6803$1,975
$1,975
RENT COMPS ANALYSIS
  • 3395 Jones Ferry Lane Alpharetta, GA 1
    • 2 beds 2 baths ∙ 1,108 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,108 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $1.45
    •  
  • 645 Crossbridge Alley Alpharetta, GA 2
    • 2 beds 2 baths ∙ 1,279 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,279 Sqft ∙ Built 1993
    LEASED 02/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $1.31
    •  
  • 2752 Wander Lane Alpharetta, GA 3
    • 2 beds 2 baths ∙ 1,400 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,400 Sqft ∙ Built 2006
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.41
    •  
PROPERTY LISTING DETAILS
Ruben Sanchez
1.678.735.2743
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6837695
Last Updated: 02/09/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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