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415 Wentworth Downs Court Johns Creek, GA 30097

5 Beds 4 Baths 2,757 sqft Built 1994

$475,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $172.29
  • 2 Days on Market
  • MLS # : 6829024
  • Updated Date : 01/16/2021 at 21:40
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,757 sqft
  • Baths : 4 full
Listing Agent's Description

Johns Creek at its finest! FRESH PAINT December 2020! HARDWOODS Throughout the Main REFINISHED January 20211 New HARDIPLANK SIDING and FRESH EXTERIOR PAINT 2018! BEDROOM and FULL BATH on the MAIN! AMAZING SUNROOM opens to both Famiy Room and Kitchen - you will love it!

SEE MORE

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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • 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)
  • 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: Laurelwood

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $113k560k

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

Neighborhood: Laurelwood

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
Shakerag Elementary School Primary Regular 834 50 8
River Trail Middle School Middle Regular 1,405 95 9
Northview High School High Regular 1,922 102 9

Shakerag Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 50
8
GreatSchools Rating

River Trail Middle School

  • Education Level: Middle
  • # of students: 1,405
  • # of teachers: 95
9
GreatSchools Rating

Northview High School

  • Education Level: High
  • # of students: 1,922
  • # of teachers: 102
9
GreatSchools Rating
 

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

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,650
Property Tax -$433
Property Insurance -$80
HOA -$54
Property Management Fees -$119
CASH FLOW
-$107

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.

$475,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.18%
Appreciation Year (1-5) 5.6%
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$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M

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

3.58

YEARS SAVED

$15,134

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,185

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,2304$2,3005$2,500
$2,500
RENT COMPS ANALYSIS
  • 415 Wentworth Downs Court Johns Creek, GA 3
    • 5 beds 4 baths ∙ 2,757 Sqft ∙ Built 1994 5 beds 4 baths ∙ 2,757 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.81
    •  
  • 7185 Threadstone Overlook Johns Creek, GA 1
    • 4 beds 5 baths ∙ 2,753 Sqft ∙ Built 1992 4 beds 5 baths ∙ 2,753 Sqft ∙ Built 1992
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.76
    •  
  • 210 Henley Place Johns Creek, GA 2
    • 4 beds 3 baths ∙ 2,838 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,838 Sqft ∙ Built 1999
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.78
    •  
  • 7410 Brookstead Crossing Johns Creek, GA 4
    • 5 beds 5 baths ∙ 2,995 Sqft ∙ Built 1991 5 beds 5 baths ∙ 2,995 Sqft ∙ Built 1991
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.77
    •  
  • 7280 Devonhall Way Johns Creek, GA 5
    • 4 beds 3 baths ∙ 2,920 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,920 Sqft ∙ Built 1993
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.86
    •  
PROPERTY LISTING DETAILS
Deniece Toth
1.404.660.3076
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6829024
Last Updated: 01/16/2021
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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