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440 Page Place Roswell, GA 30076

4 Beds 3 Baths 2,094 sqft Built 1978

$460,000

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $219.68
  • 3 Days on Market
  • MLS # : 6813287
  • Updated Date : 11/28/2020 at 16:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,094 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautiful and updated, tradtional home on a full bsmt! Recent updates include ext & int paint, renovated kitchen and more. Great floor plan w/hrdwds throughout! Rear deck overlooks a lrg, level, & prvt fenced in bkyrd. Partial finshed bsmt w/frplc is open to possibilities. Gorgeous landscape. Move in ready! Sought after Roswell HS District! Less than 2 miles to Canton St. & 10min to dwntn Alpharetta. Easy access to Ga-400 & I-285. This social cmty has the benefit of NO HOA while the n’hood social group coordinates parties & holiday events!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #1 Most affordable big city (WalletHub, 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'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)

PRICE & RENT TRENDS

Zip Code: 30076

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $113k394k

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

Zip Code: 30076

ZipNIR 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
Vickery Mill Elementary School Primary Regular NA
Elkins Pointe Middle School Middle Regular 1,125 88 6
Roswell High School High Regular 2,078 129 8

Vickery Mill Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Elkins Pointe Middle School

  • Education Level: Middle
  • # of students: 1,125
  • # of teachers: 88
6
GreatSchools Rating

Roswell High School

  • Education Level: High
  • # of students: 2,078
  • # of teachers: 129
8
GreatSchools Rating
 

$414,000$506,000$460,000

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,697
Property Tax -$364
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
$143

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.

$460,000

PROJECTED PRICE

$2,390

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.6%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$43,342

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,366

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$2,1003$2,2504$2,3905$2,500
$2,500
RENT COMPS ANALYSIS
  • 440 Page Place Roswell, GA 4
    • 4 beds 3 baths ∙ 2,094 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,094 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $1.14
    •  
  • 410 Barkshire Lane Roswell, GA 1
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1978
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.00
    •  
  • 535 Ambergate Court Roswell, GA 2
    • 3 beds 4 baths ∙ 1,782 Sqft ∙ Built 1985 3 beds 4 baths ∙ 1,782 Sqft ∙ Built 1985
    LEASED 06/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.18
    •  
  • 170 Elberta Cove Roswell, GA 3
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1985
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.13
    •  
  • 1140 Falstaff Drive Roswell, GA 5
    • 4 beds 3 baths ∙ 2,052 Sqft ∙ Built 1970 4 beds 3 baths ∙ 2,052 Sqft ∙ Built 1970
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.22
    •  
PROPERTY LISTING DETAILS
Alyssa Dupree
1.678.232.9159
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6813287
Last Updated: 11/28/2020
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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