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4825 Mistybrooke Court Alpharetta, GA 30004

3 Beds 3 Baths 1,850 sqft Built 2011

$329,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $177.84
  • 3 Days on Market
  • MLS # : 6811670
  • Updated Date : 11/21/2020 at 10:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,850 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Location is key with this delightful home that is East facing in the Waterbrooke neighborhood with swim & tennis. Just down the road from Fowler Park in Forsyth county, this Alpharetta home offers a very spacious Master bedroom with en suite and two secondary bedrooms upstairs. On the main level, you will enjoy the large eat in kitchen area & a view to the living room & dining room. The small but private and fenced in back yard allows for a peaceful wooded view. Top notch schools are nearby and dining is but a quick drive away with Vickery Village or Halcyon close by.

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)
  • 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

Zip Code: 30004

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $113k447k

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

Zip Code: 30004

ZipNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9732843

* 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
Midway Elementary School Primary Regular 698 49 7
Desana Middle School Middle Regular NA
Denmark High School High Unknown NA

Midway Elementary School

  • Education Level: Primary
  • # of students: 698
  • # of teachers: 49
7
GreatSchools Rating

Desana Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Denmark High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$296,100$361,900$329,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,214
Property Tax -$271
Property Insurance -$63
HOA -$120
Property Management Fees -$119
CASH FLOW
-$37

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.

$329,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.5%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,935

INVESTMENT

$92,935

Down Payment
$82,250
Rehab Estimate
$5,750
Closing Costs
$4,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,250
Loan Amount $246,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$15,943

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,781

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8003$1,8254$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 4825 Mistybrooke Court Alpharetta, GA 1
    • 3 beds 3 baths ∙ 1,850 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,850 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
  • 4635 Woodbine Way Alpharetta, GA 2
    • 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2016
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.95
    •  
  • 4665 Woodbine Way Alpharetta, GA 3
    • 3 beds 3 baths ∙ 1,842 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,842 Sqft ∙ Built 2014
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.99
    •  
  • 4910 Breezewood Circle Alpharetta, GA 4
    • 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2015
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.97
    •  
  • 4815 Waterbrooke Crossing Alpharetta, GA 5
    • 3 beds 3 baths ∙ 2,018 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,018 Sqft ∙ Built 2014
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.94
    •  
PROPERTY LISTING DETAILS
Jeff West
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6811670
Last Updated: 11/21/2020
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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