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4802 Riveredge Drive Peachtree Corners, GA 30096

4 Beds 3 Baths 2,264 sqft Built 1984

$369,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $162.99
  • 4 Days on Market
  • MLS # : 6835899
  • Updated Date : 02/26/2021 at 08:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,264 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Comfortable, solidly-built home in peaceful Peachtree Corners neighborhood where you’ll see more walkers than cars! Spacious, remodeled kitchen adjacent to large, well-maintained deck overlooks tall woods and babbling creek that flows into the Chattahoochee nearby. Ground floor features large great room with stone fireplace, separate dining room, half bath, and separate living room that can double as den or office. All baths are completely updated with granite top vanities, new fixtures, Kohler toilets, and tile floors.

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: 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
 

$332,100$405,900$369,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,282
Property Tax -$373
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
-$4

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.

$369,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.50%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,535

INVESTMENT

$103,535

Down Payment
$92,250
Rehab Estimate
$5,750
Closing Costs
$5,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,282

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,250
Loan Amount $276,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$17,554

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,834

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,8404$1,8505$1,895
$1,895
RENT COMPS ANALYSIS
  • 4802 Riveredge Drive Peachtree Corners, GA 3
    • 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.81
    •  
  • 4930 Bankside Way Norcross, GA 1
    • 4 beds 3 baths ∙ 2,269 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,269 Sqft ∙ Built 1996
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.75
    •  
  • 4941 Bankside Way Peachtree Corners, GA 2
    • 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1996
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.82
    •  
  • 4931 Bankside Way Peachtree Corners, GA 4
    • 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 1996
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.84
    •  
  • 3577 Dunlin Shore Court Peachtree Corners, GA 5
    • 4 beds 3 baths ∙ 2,285 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,285 Sqft ∙ Built 1996
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.83
    •  
PROPERTY LISTING DETAILS
Ed J Souza
1.404.376.8167
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6835899
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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