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4714 Shallowford Road Roswell, GA 30075

5 Beds 5 Baths 2,947 sqft Built 1979

$399,900

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $135.70
  • 3 Days on Market
  • MLS # : 6830526
  • Updated Date : 01/23/2021 at 22:07
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,947 sqft
  • Baths : 4 full , 1 half
Listing Agent's Description

Welcome Home! You will love this updated charming Cape Cod w/ an enormous flat fenced-in backyard in the highly sought-after Pope High School district! This 5/4.5 dual master bedroom home is move-in ready! Fresh paint, new flooring, updated baths, 2019 Roof! Generous size eat-in-kitchen opens up to fireside great room, w/ French doors leading to awesome oversized deck! Master on main has a fabulous renovated bath, tiled shower, frameless shower door, 3 oversized bedrooms up! Terrace level is finished w/ bedroom, full bath, kitchen, perfect for in-law/teen suite

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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 2018)

PRICE & RENT TRENDS

Neighborhood: Mountain Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $113k394k

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

Neighborhood: Mountain Creek

NeighborhoodNIR 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
Tritt Elementary School Primary Regular 892 58 9
Hightower Trail Middle School Middle Regular 1,063 62 10
Pope High School High Regular 1,929 102 9

Tritt Elementary School

  • Education Level: Primary
  • # of students: 892
  • # of teachers: 58
9
GreatSchools Rating

Hightower Trail Middle School

  • Education Level: Middle
  • # of students: 1,063
  • # of teachers: 62
10
GreatSchools Rating

Pope High School

  • Education Level: High
  • # of students: 1,929
  • # of teachers: 102
9
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,389
Property Tax -$354
Property Insurance -$84
HOA -$38
Property Management Fees -$119
CASH FLOW
$377

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.

$399,900

PROJECTED PRICE

$2,360

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.7%
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$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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$55,787

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,579

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,360
1$2,3602$2,4503$2,850
$2,850
RENT COMPS ANALYSIS
  • 4714 Shallowford Road Roswell, GA 1
    • 5 beds 5 baths ∙ 2,947 Sqft ∙ Built 1979 5 beds 5 baths ∙ 2,947 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $0.80
    •  
  • 3356 Shallowford Green Drive Marietta, GA 2
    • 5 beds 5 baths ∙ 2,997 Sqft ∙ Built 1999 5 beds 5 baths ∙ 2,997 Sqft ∙ Built 1999
    property image
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.82
    •  
  • 1541 Tennessee Walker Drive Ne Roswell, GA 3
    • 5 beds 4 baths ∙ 3,079 Sqft ∙ Built 1987 5 beds 4 baths ∙ 3,079 Sqft ∙ Built 1987
    property image
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.93
    •  
PROPERTY LISTING DETAILS
Robin Martin
1.678.665.0202
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6830526
Last Updated: 01/23/2021
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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