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3468 Johnson Ferry Road Ne Roswell, GA 30075

4 Beds 3 Baths 2,678 sqft Built 1984

$475,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $177.37
  • 102 Days on Market
  • MLS # : 6790284
  • Updated Date : 01/15/2021 at 10:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,678 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Welcome Home to one of the most popular neighborhoods in East Cobb! Beautiful two story traditional peacefully situated on large private lot. This is a very special home that is move-in ready featuring a NEW roof, plumbing and carpet. In December, new granite countertops were added in the kitchen and master bathroom and ALL the stained woodwork in the house was painted white! You'll love the welcoming two story entryway, beautiful hardwood floors, lovely fireside family room, dining room and den.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 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).
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 World’s Busiest Airport(Airports Council International, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Neighborhood: Chimney Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $113k444k

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

Neighborhood: Chimney Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9732579

* 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
Shallowford Falls Elementary School Primary Regular 658 45 8
Simpson Middle School Middle Regular 921 58 8
Lassiter High School High Regular 2,131 118 10

Shallowford Falls Elementary School

  • Education Level: Primary
  • # of students: 658
  • # of teachers: 45
8
GreatSchools Rating

Simpson Middle School

  • Education Level: Middle
  • # of students: 921
  • # of teachers: 58
8
GreatSchools Rating

Lassiter High School

  • Education Level: High
  • # of students: 2,131
  • # of teachers: 118
10
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,650
Property Tax -$420
Property Insurance -$79
HOA -$49
Property Management Fees -$119
CASH FLOW
-$176

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.

$475,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 3.5%
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-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$11,142

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,343

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1403$2,2004$2,3505$2,500
$2,500
RENT COMPS ANALYSIS
  • 3468 Johnson Ferry Road Ne Roswell, GA 2
    • 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.80
    •  
  • 4151 Edinburgh Trail Ne Roswell, GA 1
    • 4 beds 4 baths ∙ 2,507 Sqft ∙ Built 1989 4 beds 4 baths ∙ 2,507 Sqft ∙ Built 1989
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.84
    •  
  • 4614 Blakedale Circle Ne Roswell, GA 3
    • 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1988
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.86
    •  
  • 4198 Kindlewood Court Ne Roswell, GA 4
    • 4 beds 3 baths ∙ 2,604 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,604 Sqft ∙ Built 1982
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.90
    •  
  • 1619 Ellenwood Drive Ne Roswell, GA 5
    • 4 beds 3 baths ∙ 2,766 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,766 Sqft ∙ Built 1986
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.90
    •  
PROPERTY LISTING DETAILS
Rhonda Duffy
1.678.318.3613
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6790284
Last Updated: 01/15/2021
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. © 2017 First Multiple Listing Service, Inc.

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