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4300 Roswell Road Ne #28 Atlanta, GA 30342

2 Beds 2 Baths 1,260 sqft Built 1961

$185,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1961
  • Price/Sqft : $146.83
  • 7 Days on Market
  • MLS # : 6802745
  • Updated Date : 11/06/2020 at 16:39
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,260 sqft
  • Baths : 1 full , 1 half
Listing Agent's Description

Fabulous 2 story townhome convenient to highly sought-after Chastain Park with walking trails, golf, tennis, and several other sporting options! Great value in this "priced to sell" pristine Buckhead home with lots of light from the skylights. Enjoy the open updated 2 story floor plan with large open great room downstairs, fully equipped kitchen, half-bath, storage room and laundry. Light and bright upstairs includes two private bedrooms/office upstairs, updated full bathroom. Enjoy entertaining outdoors on the totally private high wood-fenced back patio. What a quiet

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: East Chastain Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k322k

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

Neighborhood: East Chastain Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000150020002500300035004000Rent in $9734280

* 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
Warren Turner Jackson Elementary School Primary Regular 834 63 9
Willis A. Sutton Middle School Middle Regular 1,448 93 6
North Atlanta High School High Regular 1,657 102 6

Warren Turner Jackson Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 63
9
GreatSchools Rating

Willis A. Sutton Middle School

  • Education Level: Middle
  • # of students: 1,448
  • # of teachers: 93
6
GreatSchools Rating

North Atlanta High School

  • Education Level: High
  • # of students: 1,657
  • # of teachers: 102
6
GreatSchools Rating
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$683
Property Tax -$258
Property Insurance -$52
HOA -$450
Property Management Fees -$119
CASH FLOW
$59

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.

$185,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.88%

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$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$683

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$8,872

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $1,709

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$1,620
1$1,6202$1,8003$1,8004$1,995
$1,995
RENT COMPS ANALYSIS
  • 4300 Roswell Road Ne Atlanta, GA 1
    • 2 beds 2 baths ∙ 1,260 Sqft ∙ Built 1961 2 beds 2 baths ∙ 1,260 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.29
    •  
  • 58 Spruell Springs Road Atlanta, GA 2
    • 2 beds 1 baths ∙ 1,211 Sqft ∙ Built 1955 2 beds 1 baths ∙ 1,211 Sqft ∙ Built 1955
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.49
    •  
  • 4021 Sheldon Drive Atlanta, GA 3
    • 2 beds 2 baths ∙ 1,600 Sqft ∙ Built 1954 2 beds 2 baths ∙ 1,600 Sqft ∙ Built 1954
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.13
    •  
  • 3360 Mathieson Drive Ne Atlanta, GA 4
    • 2 beds 1 baths ∙ 1,371 Sqft ∙ Built 1953 2 beds 1 baths ∙ 1,371 Sqft ∙ Built 1953
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.46
    •  
PROPERTY LISTING DETAILS
Jan Curtis
1.404.234.4411
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6802745
Last Updated: 11/06/2020
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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