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490 Laurian View Court Roswell, GA 30075

4 Beds 4 Baths 2,700 sqft Built 1995

$499,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $184.81
  • 5 Days on Market
  • MLS # : 6801243
  • Updated Date : 10/31/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,700 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Gorgeous home in sought after Laurian Park, just steps from Mountain Park Elementary! Well maintained w/ a sought-after open floor plan ideal for entertaining! Large deck overlooks spacious backyard. Upgraded kitchen w/ granite counters & SS appliances & large eat-in breakfast area. Fireside family room w/ built-ins. Main level formal LR makes the perfect home office/playroom. Fresh paint colors, hardwoods throughout, upgraded lighting. Luxurious master w/ two walk-in closets & upgraded spa-like bath featuring sep tub/shower & 2 vanities. 3 additional BRs up + laundry.

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: Laurain Park

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $113k560k

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

Neighborhood: Laurain Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200Rent in $9733324

* 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
Mountain Park Elementary School Primary Regular 855 58 10
Crabapple Middle School Middle Regular 950 69 7
Roswell High School High Regular 2,078 129 8

Mountain Park Elementary School

  • Education Level: Primary
  • # of students: 855
  • # of teachers: 58
10
GreatSchools Rating

Crabapple Middle School

  • Education Level: Middle
  • # of students: 950
  • # of teachers: 69
7
GreatSchools Rating

Roswell High School

  • Education Level: High
  • # of students: 2,078
  • # of teachers: 129
8
GreatSchools Rating
 

$449,100$548,900$499,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,841
Property Tax -$394
Property Insurance -$79
HOA -$22
Property Management Fees -$119
CASH FLOW
-$56

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$499,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.18%
Appreciation Year (1-5) 5.9%
Maintenance Year (1-5) 8.00%
Vacancy 7.74%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$26,062

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,376

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,2003$2,2504$2,4005$2,800
$2,800
RENT COMPS ANALYSIS
  • 490 Laurian View Court Roswell, GA 4
    • 4 beds 4 baths ∙ 2,700 Sqft ∙ Built 1995 4 beds 4 baths ∙ 2,700 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.89
    •  
  • 4442 Old Mabry Place Ne Roswell, GA 1
    • 4 beds 4 baths ∙ 2,716 Sqft ∙ Built 1976 4 beds 4 baths ∙ 2,716 Sqft ∙ Built 1976
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.73
    •  
  • 4614 Blakedale Circle Ne Roswell, GA 2
    • 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1988
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.86
    •  
  • 4307 Rocky Glen Ne Roswell, GA 3
    • 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 1987
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.88
    •  
  • 915 Hickory Oak Hollow Roswell, GA 5
    • 3 beds 4 baths ∙ 2,677 Sqft ∙ Built 1977 3 beds 4 baths ∙ 2,677 Sqft ∙ Built 1977
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.05
    •  
PROPERTY LISTING DETAILS
Blair Branch Huckeba
1.404.697.4559
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6801243
Last Updated: 10/31/2020
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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