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3791 Avensong Village Circle Alpharetta, GA 30004

2 Beds 2 Baths 1,322 sqft Built 1995

INVESTimate

$265,000

List Price

$1,700

$1,530 - $1,870

Rent Est.

$288,453  ( +8.85%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $200.45
  • 6 Days on Market
  • MLS # : 6770400
  • Updated Date : 08/22/2020 at 14:42
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,322 sqft
  • Baths : 2 full
Listing Agent's Description

Beautiful Swim / Tennis Community in desirable Alpharetta/Milton area. Sellers have spared no expense on this renovation. Brand New Custom Kitchen, New Floors, New Bathrooms, New Backyard Sod, and more. Upstairs Loft is great space for a home office, yoga space or a Third Bedroom . endless possibilities! Conveniently located and just minutes to HWY 400, Avalon, The Greenway and Award Winning Schools!

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: Avensong

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $113k426k

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

Neighborhood: Avensong

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $8672646

* 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
Cogburn Woods Elementary School Primary Regular 915 55 8
Hopewell Middle School Middle Regular 1,338 91 8
Cambridge High School High Regular 1,785 93 NA

Cogburn Woods Elementary School

  • Education Level: Primary
  • # of students: 915
  • # of teachers: 55
8
GreatSchools Rating

Hopewell Middle School

  • Education Level: Middle
  • # of students: 1,338
  • # of teachers: 91
8
GreatSchools Rating

Cambridge High School

  • Education Level: High
  • # of students: 1,785
  • # of teachers: 93
NA
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$978
Property Tax -$209
Property Insurance -$53
HOA -$90
Property Management Fees -$119
CASH FLOW
$252

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.

$265,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 8.85%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$42,286

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $1,768

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5003$1,5004$1,7005$1,700
$1,700
RENT COMPS ANALYSIS
  • 3791 Avensong Village Circle Alpharetta, 5
    • 2 beds 2 baths ∙ 1,322 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,322 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.29
    •  
  • 3312 Avensong Village Circle Alpharetta, 1
    • 2 beds 2 baths ∙ 984 Sqft ∙ Built 1995 2 beds 2 baths ∙ 984 Sqft ∙ Built 1995
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.42
    •  
  • 3762 Avensong Village Circle Alpharetta, 2
    • 2 beds 2 baths ∙ 1,116 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,116 Sqft ∙ Built 1996
    property image
    LEASED 06/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.34
    •  
  • 13426 Aventide Lane Alpharetta, 3
    • 2 beds 2 baths ∙ 1,150 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,150 Sqft ∙ Built 1997
    property image
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.30
    •  
  • 211 Harmony Court Alpharetta, 4
    • 2 beds 3 baths ∙ 1,322 Sqft ∙ Built 1998 2 beds 3 baths ∙ 1,322 Sqft ∙ Built 1998
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.29
    •  
PROPERTY LISTING DETAILS
Team Augello
1.770.241.1335
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6770400
Last Updated: 08/22/2020
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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