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4695 Stonehenge Drive Peachtree Corners, GA 30096

4 Beds 3 Baths 2,813 sqft Built 1983

$415,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $147.53
  • 5 Days on Market
  • MLS # : 6839287
  • Updated Date : 02/18/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,813 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

WELCOME HOME TO THIS BRICK BEAUTY IN SOUGHT-AFTER PEACHTREE CORNERS! CUL-DE-SAC LOT ON ALMOST 1-ACRE!! TRADITIONAL, SPACIOUS FLOORPLAN INCLUDES FIRESIDE FAMILY ROOM W BUILT-IN BOOKCASES, SEPARATE DINING, EAT-IN KITCHEN, AND LIVING RM/OFFICE FLEX SPACE ON MAIN. RECENT UPGRADES, EXTENSIVE MILLWORK, AND GORGEOUS HARDWOODS THROUGHOUT MAIN AND UPPER LEVELS!! HUGE DECK FOR ENTERTAINING W WOODED VIEW AND ADDITIONAL PAITO SPACE W ACCESS TO FINISHED BASEMENT LEVEL. MINUTES TO TRENDY SHOPS AND RESTAURANTS, WALKABLE TO PEACHTREE TOWN CENTER AND THE FORUM VIA NEW PEDESTRIAN BRIDGE.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Peachtree Corners

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k329k

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

Neighborhood: Peachtree Corners

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000Rent in $9733087

* 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
Berkeley Lake Elementary School Primary Regular 1,148 73 7
Duluth Middle School Middle Regular 2,039 117 7
Duluth High School High Regular 2,675 142 7

Berkeley Lake Elementary School

  • Education Level: Primary
  • # of students: 1,148
  • # of teachers: 73
7
GreatSchools Rating

Duluth Middle School

  • Education Level: Middle
  • # of students: 2,039
  • # of teachers: 117
7
GreatSchools Rating

Duluth High School

  • Education Level: High
  • # of students: 2,675
  • # of teachers: 142
7
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,441
Property Tax -$419
Property Insurance -$81
Property Management Fees -$119
CASH FLOW
-$111

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.

$415,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$12,321

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,053

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9503$1,9504$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 4695 Stonehenge Drive Peachtree Corners, GA 4
    • 4 beds 3 baths ∙ 2,813 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,813 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.69
    •  
  • 4730 Avocet Drive Peachtree Corners, GA 1
    • 4 beds 3 baths ∙ 2,775 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,775 Sqft ∙ Built 1995
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.67
    •  
  • 4200 Ancroft Circle Peachtree Corners, GA 2
    • 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 1993
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.77
    •  
  • 3730 Turnbury Oaks Drive Peachtree Corners, GA 3
    • 3 beds 3 baths ∙ 2,771 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,771 Sqft ∙ Built 1996
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.70
    •  
  • 5085 Avala Park Lane Peachtree Corners, GA 5
    • 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 1995
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.78
    •  
PROPERTY LISTING DETAILS
Amy Dawson
1.770.596.5422
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6839287
Last Updated: 02/18/2021
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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