Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $159.33
- 4 Days on Market
- MLS # : 6819891
- Updated Date : 12/18/2020 at 13:29
CONSTRUCTION
- Beds : 3
- Floor Size : 2,793 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Nestled on a quiet, tree-lined street in the highly sought after North River Crossing Subdivision, this gorgeous brick ranch home has it all! Spacious kitchen with beautiful stone countertops, three large bedroom and a two car garage. Brick flooring in the foyer and kitchen with carpet in the bedrooms make this beautiful home comfortable. Relax in the sunroom or the fenced backyard with plenty of room to play or entertain. Don't miss out on this gem of a property!
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Neighborhood: Peachtree Corners
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Peachtree Corners
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,540 |
| EXPENSES | Loan Payment | -$1,642 |
| Property Tax | -$485 | |
| Property Insurance | -$81 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$213
|
||
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.
$445,000
PROJECTED PRICE
$2,540
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 5.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$123,675
LOAN DETAILS
$1,642
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $111,250 |
| Loan Amount | $333,750 |
7.33
YEARS SAVED
$47,101
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,540
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$2,672
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
4655 Graywood Trace Norcross, GA 2
- 3 beds 3 baths ∙ 2,793 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,793 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $2,540
- $0.91
-
3115 Park Chase Alpharetta, GA 1
- 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 1991
LEASED 09/15/19- Rent
- Rent Per SQFT
- $2,200
- $0.87
-
5155 Thamesgate Close Peachtree Corners, GA 3
- 4 beds 3 baths ∙ 2,672 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,672 Sqft ∙ Built 1997
LEASED 10/23/20- Rent
- Rent Per SQFT
- $2,800
- $1.05
-
6339 Poplar Bluff Circle Peachtree Corners, GA 4
- 4 beds 2 baths ∙ 2,943 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,943 Sqft ∙ Built 1993
LEASED 11/30/20- Rent
- Rent Per SQFT
- $2,800
- $0.95
PROPERTY LISTING DETAILS
1.770.597.5711
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6819891
Last Updated: 12/18/2020
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.
