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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $207.58
- 2 Days on Market
- MLS # : 6818771
- Updated Date : 12/19/2020 at 12:41
CONSTRUCTION
- Beds : 3
- Floor Size : 1,782 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Wonderful home in highly sought after Breckenridge! Beautifully updated home with Hardwood on both Levels; Newer Renovated Kitchen w/ S.S. appliances, Gas range w/ Hood; Warming Drawer; Granite counter tops and New Cabinets w/ under cabinet lighting! Outdoor Granite workstation for BBQ w/ built in cabinet for storage; Fire pit and knee wall for extra seating; Shed for storage; New interior paint and wide open spaces! Beautiful Fenced Rear Yard. Amazing location!!! Walk to Swim /Tennis! Close to shops, dining, Park and Schools. You don't want to miss this!
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
Neighborhood: The Park at Breckenridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Park at Breckenridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,920 |
| EXPENSES | Loan Payment | -$1,365 |
| Property Tax | -$337 | |
| Property Insurance | -$62 | |
| HOA | -$40 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$3
|
||
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.
$369,900
PROJECTED PRICE
$1,920
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.18% |
| Appreciation Year (1-5) | 7.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.74% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$103,774
LOAN DETAILS
$1,365
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $92,475 |
| Loan Amount | $277,425 |
4.92
YEARS SAVED
$21,900
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,920
LIST RENT -
$1.08
LIST RENT PER SQFT
-
$1,956
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
3455 Patterstone Drive Alpharetta, GA 2
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- Rent
- Rent Per SQFT
- $1,920
- $1.08
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640 S Preston Court Alpharetta, GA 1
- 4 beds 4 baths ∙ 1,640 Sqft ∙ Built 1993 4 beds 4 baths ∙ 1,640 Sqft ∙ Built 1993
LEASED 05/08/20- Rent
- Rent Per SQFT
- $1,775
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640 Barston Lane Alpharetta, GA 3
- 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1993
LEASED 12/04/20- Rent
- Rent Per SQFT
- $2,050
- $1.08
-
1040 Westwell Run Alpharetta, GA 4
- 4 beds 3 baths ∙ 1,976 Sqft ∙ Built 1992 4 beds 3 baths ∙ 1,976 Sqft ∙ Built 1992
LEASED 02/19/20- Rent
- Rent Per SQFT
- $2,195
- $1.11
-
380 Avebury Court Johns Creek, GA 5
- 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 1992
LEASED 11/15/20- Rent
- Rent Per SQFT
- $2,200
- $1.12
PROPERTY LISTING DETAILS
1.404.909.9151
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6818771
Last Updated: 12/19/2020
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.
