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4835 Jones Bridge Woods Drive Alpharetta, GA 30022

4 Beds 3 Baths 2,735 sqft Built 1989

$405,000

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $148.08
  • 4 Days on Market
  • MLS # : 6851097
  • Updated Date : 03/19/2021 at 09:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,735 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Desirable JOHNS CREEK LOCATION! Fantastic School District. Walk in and you are greeted to an open concept living, with a naturally lit main living area with neutral paint. Entertain with an updated kitchen consisting of granite counters, upgraded appliances and a breakfast dining area with an open view to the backyard. Hardwoods through the main floor.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Jones Bridge Place

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $113k426k

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

Neighborhood: Jones Bridge Place

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
Ocee Elementary School Primary Regular 797 50 8
Taylor Road Middle School Middle Regular 1,043 74 8
Chattahoochee High School High Regular 1,879 102 9

Ocee Elementary School

  • Education Level: Primary
  • # of students: 797
  • # of teachers: 50
8
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
 

$364,500$445,500$405,000

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,407
Property Tax -$369
Property Insurance -$80
Property Management Fees -$119
CASH FLOW
$85

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.

$405,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.51%

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$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,407

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$26,985

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,318

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,060
1$2,0602$2,2003$2,3504$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 4835 Jones Bridge Woods Drive Alpharetta, GA 1
    • 4 beds 3 baths ∙ 2,735 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,735 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.75
    •  
  • 345 Creekside Drive Alpharetta, GA 2
    • 4 beds 3 baths ∙ 2,669 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,669 Sqft ∙ Built 1993
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 290 Ambleside Chase Alpharetta, GA 3
    • 5 beds 3 baths ∙ 2,602 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,602 Sqft ∙ Built 1993
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.90
    •  
  • 4945 Weathervane Drive Alpharetta, GA 4
    • 5 beds 4 baths ∙ 2,908 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,908 Sqft ∙ Built 2006
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.83
    •  
  • 4050 Breckenridge Court Alpharetta, GA 5
    • 5 beds 3 baths ∙ 2,874 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,874 Sqft ∙ Built 1998
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.84
    •  
PROPERTY LISTING DETAILS
Lucido Global Team
1.404.242.9908
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6851097
Last Updated: 03/19/2021
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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