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3626 Woodlark Drive Roswell, GA 30075

5 Beds 3 Baths 2,661 sqft Built 1988

$425,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $159.71
  • 4 Days on Market
  • MLS # : 6810692
  • Updated Date : 11/20/2020 at 08:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,661 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Welcome home to 3626 Woodlark Drive in Hedgegrow SubdivisionBeautiful home with "farmhouse feel" on quiet cul-de-sac in East Cobb! 5BR, 2.5BA in the Lassiter HS district and sought after Hedgerow neighborhood. Neutral, soothing fresh paint (2020) and hardwood floors throughout, updated kitchen with BRAND NEW Stainless Steel appliances (2020) & gleaming granite countertops. Bright, bay window breakfast area is the perfect place for morning coffee with views onto the private patio and backyard with irrigation system (2014). Family room boasts a large gas fireplace with

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Hedgerow

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $113k398k

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

Neighborhood: Hedgerow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100220023002400Rent in $9732417

* 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
 

$382,500$467,500$425,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,568
Property Tax -$376
Property Insurance -$79
HOA -$66
Property Management Fees -$119
CASH FLOW
$82

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.

$425,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.0%
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$0.0$5.0k$10k$15k$20k

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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$32,834

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,242

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,1003$2,2004$2,2905$2,475
$2,475
RENT COMPS ANALYSIS
  • 3626 Woodlark Drive Roswell, GA 4
    • 5 beds 3 baths ∙ 2,661 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,661 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.86
    •  
  • 3851 Bluffview Drive Marietta, GA 1
    • 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1988
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.73
    •  
  • 4151 Edinburgh Trail Ne Roswell, GA 2
    • 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
    •  
  • 3548 Montwood Court Marietta, GA 5
    • 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 2000
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $0.94
    •  
PROPERTY LISTING DETAILS
The Hester Group
1.404.495.8392
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6810692
Last Updated: 11/20/2020
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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