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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $156.60
- 3 Days on Market
- MLS # : 6819899
- Updated Date : 12/19/2020 at 17:40
CONSTRUCTION
- Beds : 3
- Floor Size : 2,650 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Wonderful opportunity in Alpharetta in central location near dining, shopping, schools, and nicely situated between both Avalon and Halcyon centers. Entry offers foyer flanked by dining room and large living area (currently used as office) giving the sense of an open floor plan. Central to the home is a formal living room overlooking level and fenced backyard. Additional flex space on main floor suitable for home office, virtual learning, play or hobby space.
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: Silver Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Silver Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,020 |
| EXPENSES | Loan Payment | -$1,531 |
| Property Tax | -$378 | |
| Property Insurance | -$78 | |
| HOA | -$38 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$124
|
||
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
$2,020
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 7.3% |
| 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
$115,725
LOAN DETAILS
$1,531
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $103,750 |
| Loan Amount | $311,250 |
3.5
YEARS SAVED
$14,940
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 -
$0.76
LIST RENT PER SQFT
-
$2,213
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
4820 Agate Drive Alpharetta, GA 2
- 3 beds 3 baths ∙ 2,650 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,650 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $2,020
- $0.76
-
4891 Anclote Drive Johns Creek, GA 1
- 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 3
- 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
-
235 Tanners Court Johns Creek, GA 4
- 3 beds 3 baths ∙ 2,456 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,456 Sqft ∙ Built 1989
LEASED 08/23/20- Rent
- Rent Per SQFT
- $2,100
- $0.86
-
11015 Donamere Drive Alpharetta, GA 5
- 4 beds 4 baths ∙ 2,737 Sqft ∙ Built 1993 4 beds 4 baths ∙ 2,737 Sqft ∙ Built 1993
LEASED 01/10/20- Rent
- Rent Per SQFT
- $2,500
- $0.91
PROPERTY LISTING DETAILS
1.404.444.5263
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6819899
Last Updated: 12/19/2020
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.
