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4607 Huntridge Drive Ne Roswell, GA 30075

5 Beds 4 Baths 2,794 sqft Built 1972

$375,000

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $134.22
  • 3 Days on Market
  • MLS # : 6846675
  • Updated Date : 02/26/2021 at 20:40
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,794 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Welcome home to this gorgeous 5 bedroom/ 3 ½ bath ranch with a fully finished basement. You’ll enjoy a comfortable living room, family room with fireplace and custom mantle, formal dining room and separate eat-in kitchen with granite countertop.

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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Huntridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $113k394k

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

Neighborhood: Huntridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9732659

* 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
Garrison Mill Elementary School Primary Regular 669 45 9
Mabry Middle School Middle Regular 890 54 9
Lassiter High School High Regular 2,131 118 10

Garrison Mill Elementary School

  • Education Level: Primary
  • # of students: 669
  • # of teachers: 45
9
GreatSchools Rating

Mabry Middle School

  • Education Level: Middle
  • # of students: 890
  • # of teachers: 54
9
GreatSchools Rating

Lassiter High School

  • Education Level: High
  • # of students: 2,131
  • # of teachers: 118
10
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$1,303
Property Tax -$332
Property Insurance -$81
Property Management Fees -$119
CASH FLOW
$856

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.

$375,000

PROJECTED PRICE

$2,690

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.9%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

15

YEARS SAVED

$93,397

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,305

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,2004$2,2505$2,690
$2,690
RENT COMPS ANALYSIS
  • 4607 Huntridge Drive Ne Roswell, GA 5
    • 5 beds 4 baths ∙ 2,794 Sqft ∙ Built 1972 5 beds 4 baths ∙ 2,794 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $0.96
    •  
  • 4151 Edinburgh Trail Ne Roswell, GA 1
    • 4 beds 4 baths ∙ 2,507 Sqft ∙ Built 1989 4 beds 4 baths ∙ 2,507 Sqft ∙ Built 1989
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.84
    •  
  • 4413 Old Mabry Place Ne Roswell, GA 2
    • 4 beds 4 baths ∙ 3,060 Sqft ∙ Built 1977 4 beds 4 baths ∙ 3,060 Sqft ∙ Built 1977
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.72
    •  
  • 4614 Blakedale Circle Ne Roswell, GA 3
    • 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1988
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.86
    •  
  • 4307 Rocky Glen Ne Roswell, GA 4
    • 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 1987
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.88
    •  
PROPERTY LISTING DETAILS
Joanne M Curtin
1.678.287.4848
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6846675
Last Updated: 02/26/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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