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4765 Tanners Spring Drive Johns Creek, GA 30022

4 Beds 3 Baths 2,548 sqft Built 1991

$343,900

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1991
  • Price/Sqft : $134.97
  • 6 Days on Market
  • MLS # : 6802437
  • Updated Date : 11/02/2020 at 10:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,548 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

This beautiful 4 bedroom and 3 bathroom home in the Timberlane area of Johns Creek is calling your name! Head inside and you are immediately greeted by hardwood floors and a gorgeous light fixture. The formal dining room, with its hanging chandelier, will be your go-to spot for Sunday dinners. The kitchen has plenty of room to move around and also features a breakfast nook. High ceilings are featured in the primary bedroom, as well as a custom double vanity in the attached bathroom. The area's highly-rated schools are all 2 miles or less from the home as well.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Timberlane

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $113k426k

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

Neighborhood: Timberlane

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9732646

* 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
State Bridge Crossing Elementary School Primary Regular 825 47 7
Taylor Road Middle School Middle Regular 1,043 74 8
Chattahoochee High School High Regular 1,879 102 9

State Bridge Crossing Elementary School

  • Education Level: Primary
  • # of students: 825
  • # of teachers: 47
7
GreatSchools Rating

Taylor Road Middle School

  • Education Level: Middle
  • # of students: 1,043
  • # of teachers: 74
8
GreatSchools Rating

Chattahoochee High School

  • Education Level: High
  • # of students: 1,879
  • # of teachers: 102
9
GreatSchools Rating
 

$309,510$378,290$343,900

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,269
Property Tax -$368
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
$188

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.

$343,900

PROJECTED PRICE

$2,020

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.4%
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$0.0$5.0k$10k$15k$20k

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$96,884

INVESTMENT

$96,884

Down Payment
$85,975
Rehab Estimate
$5,750
Closing Costs
$5,159

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,269

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,975
Loan Amount $257,925
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$38,826

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,019

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,925
1$1,9252$1,9953$2,0204$2,0405$2,200
$2,200
RENT COMPS ANALYSIS
  • 4765 Tanners Spring Drive Johns Creek, GA 3
    • 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.79
    •  
  • 4931 Anclote Drive Johns Creek, GA 1
    • 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 1989
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.78
    •  
  • 4891 Anclote Drive Johns Creek, GA 2
    • 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 1989
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.76
    •  
  • 4855 Tanners Spring Drive Alpharetta, GA 4
    • 4 beds 3 baths ∙ 2,521 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,521 Sqft ∙ Built 1990
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.81
    •  
  • 5112 Anclote Drive Alpharetta, GA 5
    • 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 1992
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
PROPERTY LISTING DETAILS
Michelle Sanders
1.678.884.7933
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6802437
Last Updated: 11/02/2020
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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