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4207 Canyon Point Circle Roswell, GA 30076

2 Beds 2 Baths 1,316 sqft Built 1986

INVESTimate

$199,900

List Price

$1,370

$1,233 - $1,507

Rent Est.

$211,134  ( +5.62%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $151.90
  • 6 Days on Market
  • MLS # : 6769942
  • Updated Date : 08/24/2020 at 10:10
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,316 sqft
  • Baths : 2 full
Listing Agent's Description

Sought After UPDATED CONDO in Canyon Point! Great Roswell Location-Easy Walk to Subd Pool & Dog Walk-Minutes to Roswell East Park, Chattahoochee River, Library, Post Office, Grocery Store, Restaurants, Shopping, & 400. Upper Unit w/ Balcony & Large Storage Closet Overlooking Woods. Hardwood Floors Throughout: All New Windows & Sliding Door; Kitchen w/ NEW Granite Countertops,Tile Backsplash, Single Bowl Sink, Faucet, Dishwasher, Tile Floor, & Pull-Out shelves in Pantry; Recent Refrigerator, Stove, Window Blinds, & Ceiling Fans; New Air Conditioner & Hot Water Tank.

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: Canyon Point Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550kPrice in $69k560k

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

Neighborhood: Canyon Point Condominiums

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
River Eves Elementary School Primary Regular 811 58 7
Holcomb Bridge Middle School Middle Regular 835 67 5
Centennial High School High Regular 1,847 123 7

River Eves Elementary School

  • Education Level: Primary
  • # of students: 811
  • # of teachers: 58
7
GreatSchools Rating

Holcomb Bridge Middle School

  • Education Level: Middle
  • # of students: 835
  • # of teachers: 67
5
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 1,847
  • # of teachers: 123
7
GreatSchools Rating
 

$179,910$219,890$199,900

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$738
Property Tax -$158
Property Insurance -$53
HOA -$285
Property Management Fees -$119
CASH FLOW
$18

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.

$199,900

PROJECTED PRICE

$1,370

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.18%
Appreciation Year (1-5) 5.62%
Maintenance Year (1-5) 8.00%
Vacancy 7.74%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$10,156

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,487

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,370
1$1,3702$1,4003$1,850
$1,850
RENT COMPS ANALYSIS
  • 4207 Canyon Point Circle Roswell, 1
    • 2 beds 2 baths ∙ 1,316 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,316 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $1.04
    •  
  • 26 Regency Road Alpharetta, 2
    • 2 beds 3 baths ∙ 1,362 Sqft ∙ Built 1997 2 beds 3 baths ∙ 1,362 Sqft ∙ Built 1997
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.03
    •  
  • 2006 Falcon Glen Court Alpharetta, 3
    • 2 beds 3 baths ∙ 1,501 Sqft ∙ Built 1987 2 beds 3 baths ∙ 1,501 Sqft ∙ Built 1987
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.23
    •  
PROPERTY LISTING DETAILS
Deanie Moore
1.770.652.3657
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6769942
Last Updated: 08/24/2020
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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